SPEEDCOM Wireless and SRI International Finalize Technology Partnership

Menlo Park, CA & Sarasota, FL (January 16, 2001) - SPEEDCOM Wireless Corporation (OTCBB: SPWC, a leading fixed wireless broadband solutions provider, and SRI International (www.sri.com), a leading independent technology innovator, have finalized their previously announced technology partnership.
 
Under the terms of the agreement, SPEEDCOM obtains worldwide exclusive rights for six years to SRI's PacketHop™ technology in the fixed wireless infrastructure market for the primary frequencies, including 2.4 GHz, MMDS, 3.5 GHz and 5.7 GHz. SRI International becomes a shareholder of SPEEDCOM with a seat on SPEEDCOM's technical advisory board. PacketHop is a revolutionary, patent-pending wireless routing software that overcomes the inherent need for a direct line-of-sight in fixed wireless broadband networks. The technology will enable a service provider to reach virtually all prospective subscribers in the service area. "The only barrier to wireless becoming the dominant last-mile solution has been line-of-sight," said Bruce Sanguinetti, President of SPEEDCOM. "PacketHop solves the problem." "SPEEDCOM has the demonstrated experience and business insight needed to address complex issues associated with the rapidly growing field of wireless data services. Their past successes, combined with their ability to rapidly deploy new technologies such as PacketHop globally, make them an ideal partner in moving this technology from our research labs into the market place," said Scott Seaton, SRI's Director of Business Development. In a recent study published by Pioneer Consulting, the fixed wireless broadband market was forecasted to grow from $0.2 billion in 2000 to $4.1 billion in 2003.

About SRI Internationl
Silicon Valley-based SRI International (www.sri.com) is one of the world's leading independent research and technology development organizations. Founded in 1946 as Stanford Research Institute, SRI has been meeting the strategic needs of global markets for more than 50 years. As part of its strategy to bring its technologies to the marketplace, SRI licenses its technologies, forms strategic partnerships and creates spin-off companies. SRI and its subsidiary, Sarnoff Corp., have formed more than 20 spin-offs in information technology, biotechnology, healthcare, education and web-based services. Called "Silicon Valley's soul" by Business Week magazine, SRI was instrumental in the development of the Internet during the late 1960's, and implemented the first wireless Internet transmission in 1977.
 
About SPEEDCOM
SPEEDCOM Wireless Corporation is a multi-national wireless broadband solutions company based in Sarasota, Florida. The company has two divisions and employs more than 100 people with offices in Miami, Dallas, San Diego, Calgary, Sao Paulo, Mexico City, Singapore and Shanghai. The Wave Wireless division (www.wavewireless.com) manufactures a variety of broadband wireless products, including the award-winning SPEEDLAN family of wireless Ethernet bridges and routers. Its products range from 11 Mbps to 155 Mbps and are offered in point-to-point and point-to-multipoint configurations. The vendor-independent InstallGuys division provides a complete selection of wireless turnkey services ranging from site surveys and installation plans, to project management and training. Service providers (ISPs, CLECs, LECs), Telco operators and private organizations in more than 60 countries use SPEEDCOM's solutions to provide "backbone" and/or "last-mile" wireless connectivity over distances of 25 miles or more. Since 1998, all products and services have been ISO 9001-compliant.

*SRI International is a registered trademark and PacketHop is a trademark of SRI International.
*SPEEDCOM is a registered trademark of SPEEDCOM Wireless Corporation.
 
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.