Greg Marzullo Named Proxim President and CEO
SILICON VALLEY, CA--(Marketwired - Sep 9, 2014) - Proxim Wireless Corporation (PINKSHEETS: PRXM), a global leader in outdoor advanced wireless broadband systems, today announced that Greg Marzullo has been appointed as Proxim's President and Chief Executive Officer.
Greg has over 25 years of experience with a variety of high-tech businesses, from startups to multinational organizations. The primary focus of his career has been marketing and selling wireless communications products. Over the years, he has hired, managed, and developed hundreds of sales and marketing professionals worldwide. In addition to his US experience, Greg has significant experience with international markets, having personally led sales and marketing efforts in a number of international regions while living in those regions.
Greg has led global sales efforts for a number of wireless start-ups focusing on point to multipoint, WiMAX, free space optics and line of sight and non-line of site microwave communications. He was Executive Vice President of Global Sales of Navini Networks (acquired by Cisco) for four years where he was instrumental in growing Navini's annual revenues and bookings by over 80% annually during his tenure. Greg also held a variety of positions of increasing responsibility in sales and marketing during a 10-year career at Nortel Networks.
Greg holds a Master of Business Administration from the Fuqua School of Business at Duke University and a Bachelor of Science from Virginia Tech.
"Proxim has a proud and distinguished history of developing advanced wireless broadband products," said Mr. Marzullo. "I am very excited to join a company with such a long and powerful history. I believe that Proxim's recent introduction of WORP® Sync with the Common Timing Protocol marks a significant new chapter in this history and will help reassert our leadership in wireless broadband solutions. We will do this also by relentlessly focusing on customer satisfaction and delivering exciting products designed to meet customers' wireless connectivity needs at reasonable prices. I look forward to meeting more of Proxim's customers and business partners and to re-introducing Proxim to others with wireless connectivity needs who may not have experienced Proxim's products and support recently."
Lee Gopadze will be retiring from his position as Proxim's President and Chief Executive Officer and will transition to the role of Executive Chairman. He will continue working on technology alliances and partnerships, development of strategic customers, and supporting Greg in the transition.
"My time at Proxim has been challenging and fulfilling," said Lee Gopadze. "I welcome Greg to Proxim and look forward to supporting him in this transition. I also look forward to continuing to share the benefits of Proxim's WORP® technology with interested current and future partners."
"Greg's enthusiasm and deep sales experience are what convinced us that Greg is the right person for Proxim," said Alan Howe, Chairman of Proxim's Board of Directors. "Greg brings to Proxim many years of sales and executive leadership experience earned with a variety of broadband equipment companies. We look forward to sharing the benefits of Greg's leadership with Proxim's customers, suppliers, employees, and other business partners. I also want to thank Lee for his many contributions to Proxim and look forward to his continued inputs."
About Proxim Wireless
Proxim Wireless Corporation (PINKSHEETS: PRXM) provides Wi-Fi®, Point-to-Point and Point-to-Multipoint 4G wireless network technologies for wireless internet, video surveillance and backhaul applications. Our ORiNOCO® and Tsunami® product lines are sold to service providers, governments and enterprises with over 2 million devices shipped to 250,000+ customers in more than 65 countries worldwide. Proxim is ISO 9001:2008 certified. For more information, visit www.proxim.com. For investor relations information, e-mail ir@proxim.com or call +1 413-584-1425.
Safe Harbor Statement
Statements in this press release that are not statements of historical facts are forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including the reactions by employees, customers, suppliers, investors, and others to the management changes described in this press release; difficulties in overcoming the network installation and operational challenges relating to any specific customer or geographical area; factors beyond our control such as weather, geographic, governmental, and interference issues that may increase the costs and difficulties of wireless deployments; specific requirements of a given customer in their specific situations; whether the deployment will achieve the desired objectives of any given customer; and difficulties or delays in supplying products with the features, performance, compliances, certifications, cost, price, quality, and other characteristics desired by customers. Further information on these and other factors that could affect Proxim's actual results is contained in the filings made by Proxim with the OTC Markets (available at www.otcmarkets.com), including without limitation in the Annual Report filed by Proxim on March 30, 2010, and is and will be contained in its other public statements, which may be available on Proxim's website (www.proxim.com).
