AirTight also announced the expansion of its management team with the arrival of veteran WLAN industry leader David C. King as CEO, and experienced security industry sales executive Brad Taylor as vice president-worldwide sales. In addition, AirTight has added Danial Faizullabhoy, managing director of Walden International, Eric Zimits, managing director of Granite Ventures, and Mark Smith, former vice president-worldwide sales for NetScreen Technologies, to its Board of Directors. Joining the company as advisors are Bart Schachter, founding and managing partner of Blueprint Ventures, and Christopher (Woody) Marshall, managing director of Trident Capital.

"We have carefully chosen the name AirTight Networks because our solution provides corporate data networks complete protection from over-the-air attacks," said King. "We firmly believe, and will prove through comparative testing, that the AirTight solution represents a turning point in security ­ a Wi-Fi firewall that provides Œair-tight' protection against intruders."

King, the former chairman, president and CEO of Proxim, Inc. has been the driving strategic force behind AirTight since joining the company earlier this year. He joined Proxim in 1992 as vice president of marketing, and was appointed president and CEO in July of 1993. He took the company public in December of that year as the first publicly traded WLAN company. During his tenure, Proxim grew from $4 million to more than $100 million in annual sales. Before Proxim, King was vice president-marketing and customer services at Vitalink Communications Corp., a pioneer in wide area data networking. He also served as a senior manager at McKinsey & Co.'s San Francisco office, leading the consulting firm's high technology and health care practices.

Taylor, AirTight's new vice president-worldwide sales, has 18 years experience in sales force development, operations and venture funding. He was most recently executive vice president- sales and marketing for Digital Evolution, a software provider for web services management and security. Before Digital Evolution, Taylor spent eight years at RSA Security, initially as director of sales and then as founder of RSA Security Ventures.

Seasoned Executives Join Board
New AirTight board members Faizullabhoy, Zimits and Smith bring both investment and management experience to the company. Faizullabhoy, who has been with Walden International since 1997, previously served as vice president and general manager of Adaptec, Inc. He focuses on communications and semiconductors, and serves on the boards of Ikanos Communications, Broadlogic Network Technologies, Inc., and Sierra Atlantic, Inc., among others.

"Walden International is always on the lookout for innovative security companies and we were extremely impressed with AirTight's groundbreaking approach to Wi-Fi security," said Walden's Managing Director Danial Faizullabhoy. "We have known David King since he took Proxim public in 1993. His track record is outstanding and we look forward to helping AirTight grow and succeed."

Zimits has been a managing director of Granite Ventures since July, 2000, focusing on early-stage communications companies. He joined Granite after spending four years in the Research Department at Hambrecht & Quist (and later Chase H & Q), where he was a managing director and head of the communications research group. Previously, he was a general partner at Volpe, Welty & Company, where he launched the research effort in telecommunications and wireless. He also serves on numerous boards, including Britestream Networks, IXI Mobile, RF Magic and Speakeasy.

Smith brings more than 20 years sales and management experience in network security, networking, computer systems and client/server software. He was vice president-sales for two highly successful start-ups, Network Peripherals and NetScreen, which was recently acquired by Juniper Networks. Prior to Network Peripherals, he was with Digital Communications Associates and Zenith Data Systems.

Schachter, a new addition to AirTight's advisory board, boasts 17 years of entrepreneurial, venture and operating experience in communication semiconductors, wireless and infrastructure software. As founding and managing partner of Blueprint, he has served on the boards of more than 25 emerging technology companies, including Covad, Copper Mountain, Media4 (EchoStar), LANDesk and KeyEye Communications. Previously, he was with Intel for eight years.

Marshall, the other new AirTight advisor, joined Trident Capital in 1996 and has been a managing director since 1998, focusing on the payments and communications technology markets. From 1992-94, he was with the Leveraged Capital Group of Banque Paribas, and earlier served in the Corporate Finance department of Chase Manhattan Bank. He currently serves on the boards of EveryPath, MegaPath Networks, Scan Direct and Xata Corp., among others.

"Trident Capital is excited to be adding AirTight to its portfolio companies," said Marshall. "We look for security companies with two fundamental qualities ­ extraordinary technology and the potential for gaining competitive advantage in their space. AirTight clearly has the technology chops and its management team has already demonstrated an impressive ability to execute. With the Wi-Fi security market ready for prime time, AirTight is strongly positioned to secure an Œair-tight' lock on the market."

About AirTight Networks
AirTight Networks grew out of Wibhu Technologies, an early thought leader in live radio frequency (RF) mapping solutions for wireless LANs. After developing a suite of products in security, planning and monitoring for Wi-Fi systems, it turned its expertise to developing the industry's first Wi-Fi Firewall. AirTight is a privately held company based in Mountain View, California. For more information please visit www.airtightnetworks.net.

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