Tuesday, July 24, 2007 7:47:38 AM
GGBM: (cls at 4.85 / up PM) GigaBeam Announces Expansion of Global Reach with Repeat Purchase Order From Key South African Reseller
Tuesday July 24, 3:30 am ET
Order Flow Adds to Global Footprint, Augments Growing Revenues and Further Validates Company's High-Growth Business Model
Shares Outstanding: 6.55M
Float: 3.59M
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has received an order for four additional WiFiber® wireless broadband links from its South African reseller InnovatIF Telecoms, a major South African distributor and systems integrator of WiFi, WiMax and proprietary technology solutions. The order further validates GigaBeam's aggressive commercialization strategy to penetrate major metropolitan areas with next generation wireless technology able to bypass existing telecom infrastructure at speeds equal to 1000 DSL lines.
"We view South African as an emerging market for GigaBeam technology and see this follow on order as clear evidence that we are gaining momentum in the region," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "GigaBeam is firmly committed to expanding our global footprint with strong local partners such as InnovatIF. We look forward to additional orders from this partner in the near future as we continue to strengthen our overriding mission of building shareholder value."
South Africa represents an important market for GigaBeam. Given the costs and challenges of delivering seamless connections through terrestrial fiber in the region, GigaBeam's WiFiber® technology provides robust and cost-effective wireless fiber products and solutions to meet the growing demand.
GigaBeam's WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.
Today's announcement further advances GigaBeam's significant global reach with recently announced orders in several US regions, the Middle East, Europe and Africa.
The Company has implemented an aggressive commercialization strategy to expand into every major metropolitan area around the world.
GigaBeam's partner InnovatIF Telecoms has identified a niche in the African telecommunications market for a "one stop" wireless and communication "Solution Provider". The InnovatIF Telecoms paradigm continuously adapts to business, making it responsive to the global telecommunications infrastructure, therefore strategically responding to the ever-evolving market of international telecommunications.
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 for licensed wireless commercial use have authorized this portion of the spectrum. GigaBeam's founders pioneered use of these frequency bands for commercial use.
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 disruptive 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 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers include Google, Verizon, ING, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.
GigaBeam's visionary management team is fully committed to augmenting 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. In short, GigaBeam offers a truly unique investment opportunity with market disruptive 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.
Contact:
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: GigaBeam Corporation
Tuesday July 24, 3:30 am ET
Order Flow Adds to Global Footprint, Augments Growing Revenues and Further Validates Company's High-Growth Business Model
Shares Outstanding: 6.55M
Float: 3.59M
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has received an order for four additional WiFiber® wireless broadband links from its South African reseller InnovatIF Telecoms, a major South African distributor and systems integrator of WiFi, WiMax and proprietary technology solutions. The order further validates GigaBeam's aggressive commercialization strategy to penetrate major metropolitan areas with next generation wireless technology able to bypass existing telecom infrastructure at speeds equal to 1000 DSL lines.
"We view South African as an emerging market for GigaBeam technology and see this follow on order as clear evidence that we are gaining momentum in the region," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "GigaBeam is firmly committed to expanding our global footprint with strong local partners such as InnovatIF. We look forward to additional orders from this partner in the near future as we continue to strengthen our overriding mission of building shareholder value."
South Africa represents an important market for GigaBeam. Given the costs and challenges of delivering seamless connections through terrestrial fiber in the region, GigaBeam's WiFiber® technology provides robust and cost-effective wireless fiber products and solutions to meet the growing demand.
GigaBeam's WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.
Today's announcement further advances GigaBeam's significant global reach with recently announced orders in several US regions, the Middle East, Europe and Africa.
The Company has implemented an aggressive commercialization strategy to expand into every major metropolitan area around the world.
GigaBeam's partner InnovatIF Telecoms has identified a niche in the African telecommunications market for a "one stop" wireless and communication "Solution Provider". The InnovatIF Telecoms paradigm continuously adapts to business, making it responsive to the global telecommunications infrastructure, therefore strategically responding to the ever-evolving market of international telecommunications.
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 for licensed wireless commercial use have authorized this portion of the spectrum. GigaBeam's founders pioneered use of these frequency bands for commercial use.
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 disruptive 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 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers include Google, Verizon, ING, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.
GigaBeam's visionary management team is fully committed to augmenting 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. In short, GigaBeam offers a truly unique investment opportunity with market disruptive 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.
Contact:
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: GigaBeam Corporation
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