News
April 2007
Gigabeam announces that United Arab Emirates and Australian 70/80 GHZ Spectrum is being
opened for commercial use.
HERNDON, VA. APRIL 12, 2007 - GigaBeam Corporation (NASDAQ: GGBM) announces that the Telecommunications and Regulatory Authority (TRA) in the United Arab Emirates and the Australian Communications and Media Authority (ACMA) have advised that they are opening the 71-76 and 81-86 GHz frequencies for commercial use.
In anticipation of this move by the ACMA, GigaBeam has sold a WiFiber link to its Australian distributor, GMG Solutions Pty Ltd.
Mark Wood, a director of GMG, said, “The ACMA’s recent announcement that it will open this spectrum and adopt similar regulatory policy to that of the United States and Europe for these frequencies will be highly beneficial to Australia. The opening of these frequencies will allow for the rapid and affordable installation of world class high data rate digital communications and enable practical deployment of other new communications technologies.”
Lou Slaughter, GigaBeam’s CEO, stated, “The pending release of this spectrum with minimal tariffs will enable GigaBeam and its distributors to deploy our technology into the commercial and government markets in these key geographic areas. Our relationship with GMG in Australia is part of our global business strategy to offer a cost effective alternative to existing terrestrial fiber technology. Similarly, the release of Spectrum for commercial use in the UAE is another positive development for the company in the Middle East and North Africa 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 in the United States and by various governmental licensing agencies globally recently, including the European Conference of Postal and Telecommunications Administrations (CEPT) 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 (2.488 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.
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 Pty Ltd
GMG Solutions Pty Ltd was formed to develop and market merging and unique wireless technologies in Australasia. GMG’s co-founders, with decades of expertise in the wireless communications industry, are the distributor of this wireless fiber technology, and their leading edge portfolio also includes campus based TETRA digital radio solutions, the successful European conceived technology which has revolutionized the way organizations communicate.
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 continue 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.