GigaBeam Receives Additional Order for WiFiber(R) Links From an Australian Reseller
GigaBeam Corporation (NASDAQ:GGBM) announced today that it has received a purchase order for two additional WiFiber® wireless fiber links from GMG Solutions Pty Ltd, one of its resellers in Australia. The links are expected to be deployed as part of a communications network for a municipal government in Sydney, Australia.
Lou Slaughter, GigaBeam’s Chairman and CEO, stated, “We are very pleased with this repeat order from GMG and their efforts in developing the Australian market. This order underscores the success we have had with GMG in pioneering rule making for 70/80 GHz spectrum in Australia. We see significant business potential in Australia for our WiFiber product, particularly in the major cities across the country. The support for allocating the 70-80 GHz spectrum for commercial use by the Australian government and commitment by customers to our WiFiber product gives our company and our product considerable credibility throughout the South East Asia market and will leverage our entry into countries in the region.”
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) and certain other countries for 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 the second half of 2007, and which is designed to 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 (2.48 Gbps); SMPTE 292M (1.48 Gbps), ADS/Digivance, and both 1 and 2 Gbps Fiber Channel (2 x 1 Fiber Channel OR 1 x 2 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 rapidly deployed 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 transport and 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 GMG Solutions Pty Ltd
The directors of GMG have over 35 years of combined experience in the wireless industry supplying and servicing a wide range of voice and data solutions for the government and commercial market. With GigaBeam’s WiFiber products, GMG expects to become a market leader in carrier class, gigabit communications solutions, helping provide faster economical deployments for the ever expanding demand on fixed and mobile data services. GMG is based at 19 Expo Court, Suite 11, Ashmore, QA, Australia. For more information visit www.gmgsolutions.com.au.
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.