Floware Wireless Systems

Floware Wireless Systems Ltd. is a leading provider of point-to-multipoint fixed broadband wireless access (BWA) systems. These systems are used mainly by new carriers which connect business customers in the "last mile." Floware's WALKair system enables carriers to provide high-speed Internet access, as well as a wide range of voice and data services, on the 3.5, 10.5 and 26 GHz radio frequency bands. Floware currently has more than 60 deployments worldwide. On April 5, 2001 Floware entered into an agreement and plan of merger with BreezeCOM Ltd., pursuant to which, upon satisfaction of certain conditions, Floware will merge into BreezeCOM and each Floware share will convert into 0.767 shares of BreezeCOM Ltd.