Gigabeam Goes to UK

DURHAM, N.C. -- GigaBeam Corporation (NASDAQ:GGBM), 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 direct sale to a new customer in the United Kingdom, opening up a new market for the Company’s next generation products.

GigaBeam’s WiFiber technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.

“Europe represents a major market and revenue opportunity for GigaBeam and specifically in established economies such as the United Kingdom where wireless infrastructures represent an ideal solution for providing individuals and businesses with broadband Internet access,” said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. “We are pleased with the progress we have made in these new markets based upon the frequency spectrum our founders pioneered along with the wireless technology we developed. We believe that in addition to follow on orders in these markets we will continue to open new and potentially lucrative markets in other countries around the world.”

GigaBeam Corp. (OTC: GGBM)