Gigabeam Corporation (fka GGBMQ)

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Press Release Source: GigaBeam Corporation

GigaBeam Announces Next Generation Broadband Wireless Technology Showcased by Italian Regional Government to Bridge the Digital Divide
Thursday October 4, 8:01 am ET
Event to Feature WiFiber as a Solution for European Union's Initiative to Provide Internet Access to Remote European Regions

DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), 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.

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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.