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Technology White Papers

4G Wireless Investment

SRA makes strategic investment of $5 miilion in Proxim for enhanced Broadband & 4G Wireless Partnership

Other Topics: WiMAX Test Receiver Notebook, 3.6GHz FCC Wireless License, WiMAX Distributed Antenna Systems

August 20, 2009

SRA OSS Inc, ( a wholly owned subsidiary of SRA Holdings Inc. of Japan ( a publically held software company, listed in Tokyo exchange (JP3817) has announced making a strategic investment of $5 million USD in Proxim Wireless Corporation( (OTCQX:PRXM), a publicly held and leading provider of end-to-end broadband wireless solutions that deliver quadruple play offerings. SRA is a software services company and a leading provider of solutions for 4G, WiMAX, LTE Broadband, Wifi, Mobile Devices (smart / cell phones, PDA) and Wireless Security.
SRA chose to invest in and partner with Proxim Wireless for the development of 4G products based on Proxim's long history of innovation in the broadband wireless access (BWA) market. The combined wireless hardware and software expertise of Proxim will help to advance the ongoing development of high performance,cost effective WiMAX and 4G wireless products, services and solutions. Dr Rao Papolu, President of SRA OSS said " Proxim Wireless is a natural fit as a partner given their end-to-end broadband wireless portfolio. Not only are we excited about the combination of our two companies technologies but the combination of our collective worldwide carrier,enterprise and channel relationships will also be very beneficial". For Proxim, this strategic investment by SRA will help them push even further into their target markets with an emphasis on wireless technologies.

Pankaj Malik, President and CEO of Proxim wireless "SRA brings a wealth of software solutions and services expertise, which will help round out our carrier, service provider, government and enterprise solutions portfolio worldwide". SRA,s investment in Proxim will aid in the continued development and marketing of Proxim's 4G and WiMAX solutions for varied markets globally.