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GGBM News GigaBeam Receives Order for WiFiber(R) Links for South Africa

HERNDON, Va.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM) announced today that it has received an order for five WiFiber® wireless fiber links from InnovatIF Telecoms, a major South African distributor and systems integrator of WiFi, WiMAX and proprietary technology solutions. This order follows a previously announced order from InnovatIF Telecoms for South Africa.

Anthony Mallett, CEO of InnovatIF Telecoms, said, “This is further proof of the many applications of GigaBeam’s WiFiber product and market potential in South Africa and also in the sub-Saharan region. These installations will highlight GigaBeam’s technology as a real and practical solution to the lack of cost effective local broadband capacity for the entire region. We see significant future demand for WiFiber.” InnovatIF’s CTO, Lekan Faola, who is based in Nigeria, said, “These links will help us gain regulatory approval and conduct trials in Central and West Africa.”

Lou Slaughter, GigaBeam’s Chairman and CEO, stated, “We are excited to receive this follow on order from InnovatIF Telecoms. This order underscores the potential for WiFiber to enable the cost effective and rapid build out of telecommunications infrastructure in many cities throughout the African continent. The only alternative is to lay terrestrial fiber which is impractical due to the cost and lengthy installation time. We look forward to the continued successful penetration of many African countries with 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 and the European Conference of Postal and Telecommunications Administrations (CEPT) 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 InnovatIF Telecoms

InnovatIF Telecoms is a privately owned South African company operating in the ITC industry. InnovatIF Telecoms was formed in May 2005 with the acquisition of distribution rights, for various networking products in Africa. Focusing on best in industry wireless products particular the leading suppliers of Wi-Fi and Wimax standards including propriety technology it is positioned to be the leading distributor in Africa. InnovatIF Telecoms is a subsidiary of the holding company, Innovation Factory (Pty) Ltd, which is structured as a business co-operative and business accelerator with numerous companies within its group. For more information, visit http://www.innovatif.co.za/about_telecoms.html.

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.