12 WiFiber(TM) Links Ordered from GigaBeam
HERNDON, Va., Oct. 10 - GigaBeam Corporation (OTC: GGBM) and Indiana Fiber Works, LLC (IFW), a wholly owned subsidiary of GE Capital, jointly announce that they have signed a teaming agreement. In addition, GigaBeam has received a purchase order from IFW for 12 WiFiber(TM) wireless fiber links. IFW plans to use WiFiber to extend its existing terrestrial fiber network to new customers who currently do not have access to fiber. IFW owns and operates an extensive high capacity fiber network throughout the state of Indiana and in several adjoining states.
Joe Sharkey, IFW's General Manager said, "We see many opportunities where we can use GigaBeam's WiFiber to extend the reach of our existing fiber network. With WiFiber, we can now rapidly deploy a low cost high speed access solution for customers which will increase the utilization of our existing fiber optic network. This new technology will enable us to improve the return on capital already invested in our fiber network."
Lou Slaughter, GigaBeam's Chairman and CEO stated, "We are delighted that IFW has entered into a teaming agreement with GigaBeam and placed an order for 12 WiFiber links. We believe there is a significant opportunity for carriers, like IFW, to increase the size and capacity of their networks with WiFiber. Because of the economics of WiFiber, carriers can now offer fiber speed services to customers who previously did not have access to their networks."
GigaBeam WiFiber operates in the 71-76 GHz and 81-86 GHz radio spectrum bands. This portion of the radio frequency spectrum has been authorized by the Federal Communications Commission for wireless point-to-point commercial use. Use of these frequency bands for commercial use was pioneered by GigaBeam's founders.
GigaBeam's technology, utilizing these large blocks of authorized 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 2 and anticipated WiFiber G Series product lines is one Gigabit-per-second - equivalent to 647 T1 lines or 1,000 DSL connections. 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 for deployment in Metropolitan Area Networks (MANS). However, WiFiber has a substantial advantage over terrestrial fiber because WiFiber can be deployed in a day 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 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 http://www.gigabeam.com.
About Indiana Fiber Works
Indiana Fiber Works is a wholly-owned subsidiary of GE Capital Corporation. The company provides dark fiber access for private networks and customer-operated wholesale and retail telecommunication networks. IFW operates a carrier class fiber optics network which is fully constructed and carrier-ready to connect cities in Indiana, Ohio, Kentucky and Illinois. IFW also owns and operates a significant downtown Indianapolis network ring that encompasses a five and a half mile central business district area and a seventy-three mile metro Indianapolis ring, covering numerous high-growth commercial/industrial portions of the city.
For more information, visit http://www.indianafiberworks.com
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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 those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, 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.
