Message #25 From:
Stock News Bot Date: December 18, 2006 08:25:00 AM
GGBM News GigaBeam Receives Order For WiFiber(R) Links From MABCO, Jordan
HERNDON, Va.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM) announced today that it has received
an order for three WiFiber® wireless fiber
links from MABCO, which is headquartered in Amman, Jordan. MABCO is a
wireless broadband provider specializing in telecommunication and office
equipment solutions.
Hazim Alaeddin, Director of Operations at MABCO, said, “GigaBeam’s
WiFiber is the ideal solution for our strategy which is to establish
very high speed broadband services in Amman. WiFiber’s
speed of deployment and the ease at which capacity can be upgraded, as
we scale our operations, enables us to achieve rapid market access and
revenue generation. We believe there is significant market potential for
deployment of WiFiber in Jordan.”
Lou Slaughter, GigaBeam’s Chairman and CEO,
stated, “We are excited to receive this order
from MABCO. We believe our product has significant potential in the
Middle East and North Africa (“MENA”)
region and expect to be receiving more orders throughout the region in
the near future. Many cities throughout MENA can benefit from using our
WiFiber to rapidly upgrade existing telecommunications infrastructures,
which is exactly the application being addressed by MABCO.”
GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz upper
millimeter wave spectrum bands. This portion of the spectrum has been
authorized by the Federal Communications Commission and the European
Conference of Postal and Telecommunications Administrations (CEPT) for
wireless licensed wireless commercial use. Use of these frequency bands
for commercial use was pioneered by GigaBeam’s
founders.
GigaBeam’s technology, utilizing these large
blocks of 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 previously announced its WiFiber G-2.7 series,
to be released in Q4, 2006 and generally available in Q1, 2007, 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. 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 MABCO
Modern Arabian Business Corporation (MABCO) was established in 1984. It
has developed into a leader in the fields of telecommunication and
office equipment solutions. MABCO specializes in importing, marketing,
selling, distributing, and maintaining top of the line products from
some of the most respected multi-national firms. For more information,
visit www.mabco.com.jo.
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.
