Event to Feature WiFiber as a Solution for European Union’s Initiative to Provide Internet Access to Remote European Regions
GigaBeam Corporation (NASDAQ:GGBM), deploying WiFiber® “wireless fiber optics” technology to economic centers across the globe, has announced that the Company’s next generation wireless broadband technology will be showcased as a viable, cost-effective solution to bridge the digital divide today at a press conference at the Alpi365 event (www.alpi365.it) in Turin, Italy.
The announcement, expected to be made by high-profile officials from the Region of Piemonte, will detail how WiFiber is being used to extend and increase the value of its Regional backbone, named WI-PIE, allowing local operators to bring broadband services to areas that previously have been on the underserved side of the digital divide.
The event further validates the Company’s mission to capitalize on the European Union and Member State’s initiative to bridge the digital divide between the continents digitally well served major cities and the poorly served surrounding towns and villages.
This is the second flagship program using GigaBeam’s WiFiber technology to bridge the digital divide following on from an installation near Bordeaux, France which has been operational for over a year.
GigaBeam’s WiFiber technology provides an ideal alternative solution for the European Union in terms of providing fast and reliable broadband internet access without having to install miles of underground terrestrial fiber, which requires significant regulatory and environment approvals prior to installation. The Company believes that utilizing WiFiber technology will open broadband internet access to remote regions of Europe at a fraction of the cost and within weeks, rather than years that it would take for the terrestrial fiber optics infrastructure to reach the same areas.
The Company also believes that the significantly greater bandwidth of GigaBeam’s WiFiber technology, compared to competing systems, will allow many more towns and villages to be connected wirelessly with users having access to relatively larger amounts of bandwidth.
“This event is a good example of the opportunities that exist for GigaBeam within emerging regions of advanced industrial nations such as Italy,” said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. “We are very excited about providing Europe with an effective solution that will connect remote regions while maintaining the integrity and beauty of the continent’s natural environment.”
GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz upper millimeter wave spectrum bands. The Federal Communications Commission and the European Conference of Postal and Telecommunications Administrations (CEPT) and certain other countries have authorized this portion of the spectrum for licensed wireless commercial use.
About GigaBeam Corporation
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 647 T1 lines or 1,000 DSL lines.
Current GigaBeam partners, customers and end users include Google, Sprint, The Department of Defense, as well as several cities and universities including San Francisco and Boston University. The Company is implementing strategies to expand into major metropolitan areas around the world.
GigaBeam's management team, which pioneered rule making in the 70GHz and 80GHz spectrum, is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. GigaBeam is a company with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/.
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Safe Harbor Statement
Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission. GigaBeam does not intend to update the statements in this press release to conform to actual results unless required by law.
GigaBeam Corporation
Investor Contact:
Mark Hahn, 919-313-3992
Mark.Hahn@gigabeam.com
or
Company Contact:
Marijke McCandless, 919-599-6210
Director, Marketing Communications and Investor Relations
Marijke.mccandless@gigabeam.com