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Proxim Selects Flextronics as Its Manufacturing Partner to Meet High Demand for HomeRF Wirefree Products
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 4, 2000--
Proxim, Inc. (Nasdaq:PROX) today announced that Flextronics
International Ltd. (Nasdaq:FLEX) will provide Proxim with full
turnkey manufacturing services for all current and future
HomeRF-compatible wirefree broadband products for the home, small
office and enterprise markets. Manufacturing has already begun, and
Flextronics will be in full production of Proxim's product lines by
the end of Q4 2000, with volume capability that will scale with the
demand for HomeRF products.
The alliance allows Flextronics to provide Proxim with full
turnkey manufacturing that includes planning, procurement and
execution of all manufacturing processes for current HomeRF products
and its upcoming 10 Mbps wideband products, including versions that
support up to eight simultaneous lines for high-quality DECT cordless
telephony and streaming-media sessions. Flextronics will also consult
with Proxim on cost reduction, design and volume off-shore production.
David King, chairman, president and CEO of Proxim, stated, ``By
outsourcing production of our HomeRF products to Flextronics, we're
confident that we can better meet increasing industry demands for
wirefree solutions.''
In addition to working with Proxim, Flextronics will work directly
with Proxim's current and future HomeRF technology-licensing partners,
including Compaq, Intel, Motorola and Siemens.
``A Proxim-Flextronics alliance is strategic for both of these
companies and for the wireless industry at large,'' explained Michael
Marks, chairman and CEO of Flextronics. ``Our fast and flexible
manufacturing capabilities are the perfect match for Proxim's HomeRF
products. Also, we share a common partner base of companies which will
benefit from our close relationship as they develop and market
products based on Proxim's HomeRF technology.''
About Proxim
Proxim, Inc. (Nasdaq:PROX) has over 15 years of experience
designing and building wirefree broadband networking solutions for the
home, enterprise and service provider markets. The Symphony(TM)
product family offers easy-to-use, inexpensive wirefree networking for
homes, small offices and classrooms, while the Farallon(TM) products
extend these networking choices with a range of Ethernet, HPNA and
wirefree solutions for both Mac and PC users. RangeLAN2(TM) offers
wirefree broadband networking for the enterprise as well as a line of
design-in modules for OEMs. Harmony(TM) provides enterprises with a
low-cost architecture designed to work with any wirefree technology.
Stratum(TM) products provide building-to-building networking
connectivity for enterprises and service providers. Proxim is a
Promoter of the Home Radio Frequency Working Group along with Compaq,
Intel, Siemens, Motorola, National Semiconductor and other leaders in
the wireless market. The company is headquartered in Sunnyvale, Calif.
with offices globally. Visit www.proxim.com for more information.
About Flextronics
Headquartered in Singapore, Flextronics International is a leading
provider of flexibility and speed in Electronics Manufacturing
Services (EMS) to Original Equipment Manufacturers (OEMs) in the
fast-growth communications, networking, computer, medical and consumer
markets. Flextronics is a major global operating company with design,
engineering and manufacturing operations in 27 countries and four
continents. This global presence allows for manufacturing excellence
through a network of global facilities situated in key markets that in
turn provide its customers with the resources, technology and capacity
to maximize productivity. Flextronics' ability to provide design and
manufacturing services, coordinate innovative product design, provide
a full spectrum of specialized services and IT expertise, in
conjunction with their global presence, establishes Flextronics as a
top-tier EMS provider. For further information, please visit the
Flextronics Web site at www.flextronics.com.
This press release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements concerning
future manufacturing of HomeRF products, increasing industry demand
for wirefree solutions, upcoming 10 Mbps wideband products, cost
reductions, volume off-shore production, acceleration of the adoption
of the HomeRF solution, stimulating market-wide innovation of HomeRF
products that will meet the growing demand for flexible, high-speed
networking without wires, new products, emerging markets, growth
opportunities, and future operating results. Forward-looking
statements involve a number of risks and uncertainties including, but
not limited to Proxim's ability to successfully develop, manufacture
and gain market acceptance of new products, in particular its HomeRF
product line; dependence on the emerging home networking market;
dependence on contract manufacturers, the cost, availability and
quality of assemblies and finished products from contract
manufacturers; dependence on a limited number of OEM customers; rapid
technological change; developing industry standards; evolving
regulatory requirements; international sales; the highly competitive
nature of the wireless LAN market; and other factors more fully
described in the Proxim's reports to the Securities and Exchange
Commission, including but not limited to the report on Form 10-K for
the year ended December 31, 1999, and the report on Form 10-Q for the
quarter ended September 30, 2000. Actual results may differ
materially. Proxim does not undertake to update any oral or written
forward-looking statements that may be made by or on behalf of the
company.
Contact:
Alexander Ogilvy (for Proxim, Inc.)
Eric Doyne, 415/644-3034
edoyne@alexanderogilvy.com
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