Exhibit
99.2


For Further Information
Contact:


Proxim
Wireless


Brian
Sereda


Chief
Financial Officer


(408)
542-5303








PROXIM
WIRELESS EXPLORING STRATEGIC ALTERNATIVES


FOR
ITS HARMONIX DIVISION





Silicon Valley, CA, August 13,
2008 – Proxim Wireless Corporation (NASDAQ: PRXM), a leading provider of
end-to-end broadband wireless systems that deliver the quadruple play, today
announced that it has retained Heatherfield Group, Inc. to explore a variety of
possible strategic alternatives for the Harmonix Division of its Terabeam
Corporation subsidiary.  Proxim has received indications of interest
from a number of interested parties.  At this time, Proxim has
selected a favored bidder and is currently in the due diligence and negotiation
stage with that bidder.  Proxim currently believes that a sale of the
Harmonix Division potentially could be accomplished by September 26,
2008.





The two
primary product lines of the Harmonix Division are millimeter wave systems,
sub-systems, and components for military and non-military governmental and other
customers and Gigalink® 60 GHz and 70-80 GHz radios.  Proxim believes
the components business of the Harmonix Division is not core to Proxim’s primary
business.  Proxim expects that any strategic transaction involving the
Harmonix Division would include an ongoing relationship with Proxim for the
continued supply and support of the Gigalink radios.





The
alternatives being explored have included the acquisition of the Harmonix
Division, an investment in the Harmonix Division, strategic relationships with
the Harmonix Division, sale of some or all of the assets of the Harmonix
Division, and a number of other possible alternatives.





There can
be no assurance whatsoever that any transaction or other corporate action
regarding the Harmonix Division will result from this exploration of
alternatives.  Further, there can be no assurance whatsoever
concerning the type, form, structure, nature, results, timing, or terms and
conditions of any such potential action, even if such an action does result from
this exploration.  There can be no assurance whatsoever whether a
transaction with the current favored bidder will ultimately be completed or the
terms or timing of any such transaction.  The company does not intend
to make any additional comments regarding this matter unless and until a
definitive transaction agreement has been reached, the exploration of
alternatives has been terminated, or there are other definitive developments
warranting further disclosure.





About
Proxim Wireless


Proxim
Wireless Corporation (NASDAQ: PRXM) is a leading provider of end-to-end
broadband wireless systems that deliver the quadruple play of voice, video, data
and mobility to all organizations today. Our systems enable a variety of
wireless applications including security and surveillance, VoIP, last mile
access, enterprise LAN connectivity and Point-to-Point backhaul. We have shipped
more than 1.8 million wireless devices to more than 235,000 customers worldwide.
Proxim is ISO-9001 certified. Information about Proxim can be found at
www.proxim.com. For investor relations information, e-mail ir@proxim.com or call
+1-408-383-7636.  Information about the Harmonix Division can be found
at www.terabeam-hxi.com.








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.  Proxim Wireless’ 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 those relating to and arising from our ability to
identify desirable strategic alternatives for our Harmonix Division business, as
well as our ability to execute such alternatives or the transactions associated
with such alternatives; the level of interest of third parties in pursuing
possible strategic transactions relating to our Harmonix Division business; our
desire and ability (or lack thereof) to continue to explore possible strategic
alternatives and opportunities relating to our Harmonix Division business; the
desire and ability (or lack thereof) of us and any relevant third parties to
reach mutually acceptable definitive documentation to effect a possible
strategic transaction and, if that occurs, whether any conditions to closing
would then be satisfied; the time and costs required to explore and investigate
possible transactions and other corporate actions; management (including
management of the Harmonix Division) and board interest in and distraction due
to exploring and investigating possible transactions and other corporate
actions; and reactions, either positive or negative, of investors, competitors,
customers, employees, and others to our exploring possible strategic
alternatives and opportunities relating to our Harmonix Division business and to
any specific strategic alternative or opportunity selected by
us.  Further information on these and other factors that could affect
Proxim’s actual results is and will be included in filings made by Proxim from
time to time with the Securities and Exchange Commission and in its other public
statements.