Associated Press Financial
Be Deployed in Boston WiFi Pilot By MetroNext
(BUSINESS WIRE) Oct. 17, 2006--GigaBeam Corporation
(NASDAQ:GGBM) announced today that its WiFiber(R)
wireless fiber links, to be provided by MetroNext
Inc., will be the backhaul for the City of Boston's WiFi
pilot project in Roxbury's Grove Hall and Dudley Station neighborhoods of Boston.
As described in the attached City of
The City of
Tom Wetmore, MetroNext's founder, said, "We are
enthusiastic about the opportunity to provide the City of Boston with
fiber speed communications services critical to meeting its laudable
objectives." Mr. Wetmore added, "The Grove Hall and
Lou Slaughter, GigaBeam's Chairman and CEO, stated,
"We are thrilled to be working with MetroNext
and the Boston Wireless Initiative in the Grove Hall and Dudley Square
area of Boston. This pilot project is a perfect venue to demonstrate the
benefits of our 1 Gbps WiFiber
product and its advantages to
GigaBeam WiFiber products
operate 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 and the European Conference of Postal and Telecommunications
Administrations (CEPT) 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 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
recently announced its WiFiber G-2.7 series, to be
released in Q4, 2006, which will 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
(2.488 Gbps); SMPTE 292M (1.485 Gbps)
and both 1 and 2 Gbps 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
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
About MetroNext, Inc.
MetroNext, Inc. is a "next generation"
metropolitan network service provider offering high capacity services for
voice, video, data and Internet transport and access at one Gigabit per second
and beyond. MetroNext's backbone completely bypasses
local land-line networks. Medium to large scale users--including governments,
enterprises, and other carriers--now have their first true network service
alternative for primary and back-up communications, as well as disaster recovery.
MetroNext high-speed carrier-class Ethernet-based
communications services are less costly, just as reliable, and
more flexible than current competitive offerings utilizing advanced wireless
technology from GigaBeam and MetroNext's
fault tolerant deployment architecture. The equipment and network designs being
deployed by MetroNext in the Northeast have already
been successfully implemented throughout the
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: 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.