Gigabeam Corporation (fka GGBMQ)

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Press Release Source: GigaBeam Corporation

GigaBeam Announces Initial Purchase Order from Video Game Developer in Illinois
Wednesday November 14, 3:30 am ET
GigaBeam Offers Solution to Businesses Needing Immediate Deployment of Fiber-Like Speeds When Delays in Deploying Fiber are Unacceptable

DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying WiFiber® “wireless fiber optics” technology to economic centers across the globe, announced today that the Company received a purchase order for one link from an Illinois-based developer of popular video games for PCs and MACs, as well as the Playstation 2 and Xbox 360 consoles.

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The order further validates GigaBeam’s unique ability to deploy WiFiber within a short time frame. The customer was moving to a new location and needed immediate Internet connectivity. Since the local Competitive Local Exchange Carrier (or CLEC) reportedly could not provide connectivity within an acceptable time frame, the customer chose GigaBeam.

“We are pleased to be able to offer such companies a solution to an otherwise untenable situation,” said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. “We believe this is a relatively common occurrence for companies needing to maintain connectivity during moves or with the creation of new business sites and we are pleased to be able to provide a timely and an economically viable solution.”

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 rapidly deployed and costs less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also requires significant regulatory and environmental approvals prior to installation.

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 transformative 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, intends to augment 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 transformative 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/.

For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam.

To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html.

To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.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: 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.


Contact:

GigaBeam Corporation
Investor Contact:
Mark Hahn, 919-313-3992
[e-mail]
or
Marijke McCandless, 919-599-6210
Director, Marketing Communications and Investor Relations
[e-mail]

Source: GigaBeam Corporation