ROCHESTER, NY (July 22, 2005) - Microwave Data Systems (MDS), a world leader in industrial, wireless, networking solutions with applications in the supervisory control and data acquisition (SCADA), public safety, automation, telecommunications, and online transactional markets, today announced that its parent company, Moseley Associates, Inc., elected not to make the highest bid in the U.S. Bankruptcy-approved auction for the significant assets of Proxim held on July 18, 2005. As a result, Moseley will not be proceeding with the acquisition of the significant assets of Proxim as previously announced on June 11, 2005.
"Moseley's success in the past has stemmed from a strong financial discipline, and we saw no need to change that approach in this opportunity," said Jamal Hamdani, president and chief executive officer of Moseley. "We wish the successful bidder the best for the future and hope they will look after the employees, customers, and partners of Proxim with the same compassion we were prepared to do."
About Moseley Associates
Moseley is an ISO 9001 company with offices in Santa Barbara, California; Rochester, New York; China; United Kingdom; and Brazil. Distributors and agents in over 100 countries augment Moseley's 300 employees, including over 100 engineers. Moseley has more than 800,000 ETSI-, FCC-, Anatel-, IC-, UL-, and CE-approved radios deployed in over 120 countries. Moseley uses proprietary technologies with more than 200 patents of its own. Moseley's products are built at many of its own world class manufacturing facilities in the United States.
Extensive HALT and HASS processes are used to ensure best in class quality. For more information about Moseley, please visit Moseley's web site at www.moseleysb.com .
About Microwave Data Systems
Microwave Data Systems Inc., headquartered in Rochester, N.Y., designs and manufactures networked high-speed, point-to-multipoint, and medium- and low-capacity point-to-point industrial, microwave radios for use in oil and gas, utility, lottery, traffic monitoring, public safety, and telecommunication provider industries.
Learn more about the company at www.microwavedata.com .
