Message #16 From:
Stock News Bot Date: September 26, 2006 05:30:00 AM
GGBM News GigaBeam Receives Order for WiFiber(R) Links for the Department of Defense From WirelessGuys
HERNDON, Va.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM) announced today that it has received
a purchase order for three WiFiber®
wireless fiber links from WirelessGuys, Inc., a system integration
partner, to support a program they are working on with the Department of
Defense (“DoD”).
Steve Williams, President of WirelessGuys, said, “We
are excited about this opportunity to deploy GigaBeam’s
WiFiber links on a program we are working on with the Department of
Defense. WiFiber is unique because it can be rapidly and economically
deployed for very high speed communications versus the alternative of
having to install terrestrial fiber. We believe that GigaBeam’s
technology is disruptive because it provides a competitive advantage
which differentiates our company’s ability to
deliver world class communications systems to our customers.”
Lou Slaughter, GigaBeam’s Chairman and CEO,
stated, “We are very pleased with this first
order from WirelessGuys for the Department of Defense. This order
follows previous orders received by the company for the DoD. We believe
this commitment on behalf of the DoD underscores the significant
opportunity for our WiFiber product.”
GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz radio
spectrum bands. This portion of the radio frequency spectrum has been
authorized by the Federal Communications Commission for wireless
point-to-point commercial use. Use of these frequency bands for
commercial use was pioneered by GigaBeam’s
founders.
GigaBeam’s technology, utilizing these large
blocks of authorized contiguous spectrum, enables
multi-Gigabit-per-second communications through use of Gigabit Ethernet
and other standard protocols. The current speed achieved by GigaBeam’s
WiFiber G-1.25 product series is full duplex at one Gigabit-per-second
(equivalent to 647 T1 lines or 1,000 DSL connections) which supports
GigE protocol. GigaBeam recently announced its WiFiber G-2.7 series, to
be released in Q4, 2006, which will operate at 2.7 Gbps. The protocols
to be supported by the G-2.7 product series include 2 x GigE (2 x 1
Gbps); OC-48 / STM-16 (2.488 Gbps); SMPTE 292M (1.485 Gbps) and both 1
and 2 Gbps fiber channel. GigaBeam also plans deployment of future
products capable of 10 Gigabits-per-second utilizing either the 10
Gigabit Ethernet or OC-192 protocol standards.
GigaBeam’s WiFiber technology is similar to
terrestrial fiber in terms of speed and reliability for deployment in
Metropolitan Area Networks (MANS). However, WiFiber has a substantial
advantage over terrestrial fiber because WiFiber can be deployed in a
day and costs less to deploy than terrestrial fiber. Terrestrial fiber
can take months to deploy and also require significant regulatory and
environmental approvals prior to installation.
About GigaBeam Corporation
GigaBeam is a provider of high-performance wireless point-to-point
communications access solutions that operate in the licensed 71-76 GHz
and 81-86 GHz radio spectrum bands. GigaBeam equipment operates at
multi-gigabit-per-second speeds. GigaBeam Corporation headquarters is
located at 470 Springpark Place, Suite 900, Herndon, VA 20170. For more
information, visit www.gigabeam.com.
About WirelessGuys, Inc.
WirelessGuys' mission is to provide cost-effective wireless networking
services and solutions to enterprises, public sector, educational
institutions and other organizations. Through our global network of
affiliated consultants, WirelessGuys specializes in designing and
implementing wireless networking solutions for clients around the world.
For more information, visit www.wirelessguys.com.
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: lack of operating
history, transitioning from a development company to an operating
company, 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.
