YDIW Ydi Wireless (MM)

Ricochet Networks, Inc., a Denver-based leading Wireless Internet Service Provider (WISP) and wholly owned subsidiary of Terabeam Wireless (corporate name: YDI Wireless, Inc. - NASDAQ: YDIW), today announced that it was chosen by The Center of Denver to provide wireless Internet access for the Digital Entertainment Center and technology showcase at Pride Fest Denver 2005. The annual Pride Fest Denver festival, occurring this year on Sunday, June 26, 2005 from 9:00 a.m. until sunset, draws upwards of 170,000 attendees, making it one of the Rocky Mountain region's largest events of its kind. The Digital Entertainment Center exhibit will feature innovative laptop and digital entertainment technologies. Ricochet will provide wireless connectivity to the Ricochet(R) Network to allow participants the opportunity to experience a truly wire-free Internet experience, via laptops, from the heart of Denver's Civic Center Park. Ricochet was contacted by The Center, the official sponsor and organizer of Pride Fest Denver, to provide Internet access when "wired" carriers could not deliver a connection to the festival's outdoor location. The Center's Executive Director, Art Thompson, stated "Ricochet's wireless modem presence combined with Internet computer stations at Denver's Gay Pride Celebration enables participants to interact with The Center and our new website. We will be taking a real-time survey to help determine the needs of the community and to determine direction on the development of our programs." He ended by saying, "Without Ricochet's participation, this project would be impossible." "This further demonstrates the enormous flexibility that the Ricochet Network provides," stated Steve Schwendemann, Ricochet Senior Vice President Expansion. "We are pleased and excited to bring a wireless solution to this situation. If you get a chance to attend this great event, please come by the Digital Entertainment Center or our booth to learn more about Ricochet and what we can do to set you free." About Ricochet Networks Ricochet Networks, Inc. is a subsidiary of Terabeam Wireless (corporate name: YDI Wireless, Inc. - NASDAQ: YDIW). Ricochet is a leading portable Wireless Internet Service Provider (WISP) with operational markets in Denver, Colorado and San Diego, California. With a large customer base and over 216 square miles of portable coverage, Ricochet is one of the largest, if not the largest, WISP with a "mesh network" operating exclusively in a license-free frequency. The Ricochet technology provides a robust, fast, simple, and secure wireless Internet solution for both government and consumer use. Additional information about Ricochet Networks as well as coverage maps and specific services offered can be found at http://www.ricochet.com or by contacting the company by telephone at 303-572-1200 or by email at info@ricochet.com. Safe Harbor Statement Statements in this press release that are not statements of historical facts, including statements regarding Ricochet's business outlook or expected service, coverage areas, connection speeds, products, capabilities, performance, opportunities, or developments, are forward-looking statements that involve risks, uncertainties, and assumptions. 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 the effect of competition; the effect of governmental regulation; Ricochet's resource allocation, expansion, and partnering opportunities and decisions from time to time; technological issues relating to the Ricochet network; policies and controls implemented by Ricochet from time to time; and factors beyond Ricochet's control such as geographic and interference issues. More information about these and other factors that could affect actual results is included on Ricochet's website. Further information on factors that could affect Ricochet's actual results is and will be included in filings made by Terabeam Wireless, the business name of YDI Wireless, Inc., from time to time with the Securities and Exchange Commission and in other public statements of Ricochet and Terabeam Wireless.