Gigabeam Corporation (fka GGBMQ)

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Press Release Source: GigaBeam Corporation

GigaBeam Announces Additional Order from Department of Defense to Support U.S. Navy
Monday November 12, 3:30 am ET
Company Continues to Penetrate Global Government Market with More Than 75 Links Sold to Government Agencies Worldwide

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 it has received an order for one WiFiber link from a key reseller, Solana Technologies (STI), to be implemented by the United States Department of Defense to support the U.S. Navy. The Company continues to penetrate the multibillion dollar Defense market with 27 links already sold to the Department of Defense, and more than 75 links sold to major government agencies around the world.

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STI provides advanced network and communications solutions to a wide range of commercial enterprises and governmental agencies. The company has designed and implemented complex wireless solutions for over 1000 companies during the last 20 years.

“We believe that Defense and Security applications will continue to be a vital and important market for GigaBeam’s advanced wireless broadband technology,” said Louis Slaughter, Chief Executive Officer of GigaBeam. “We are thrilled to have the track record of repeat business from the government sector and we look forward to working with STI as we expand our product offerings to meet the demands of our growing market.”

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.

WiFiber is a truly market changing technology that enables applications such as VoIP, Internet, video and data transmission with the security, high-speed and robustness comparable to traditional fiber optic cables, but with all the advantages of wireless technology.

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, customers, and end users include Google, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented strategy to expand into major metropolitan areas around the world.

GigaBeam's management team, which pioneered rule making in the 70GHz and 80GHz spectrum, 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. GigaBeam is a company 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. GigaBeam does not intend to update the statements in this press release to conform to actual results unless required by law.


Contact:

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

Source: GigaBeam Corporation