HERNDON, Va. -- GigaBeam Corporation (OTC Bulletin Board: GGBM), announces an agreement with Stealth Communications(R) for installation of its ultra high speed WiFiber(SM),(TM) wireless fiber solution. GigaBeam's WiFiber provides communications access with the capacity of fiber but with significantly less latency than fiber to enhance Stealth's unique communications services offerings. Stealth is New York City's largest Internet gateway and offers Internet & Ethernet access, VoIP, and data services to service providers, financial institutions, enterprises and government agencies.

GigaBeam anticipates installation of the first WiFiber GigE link for Stealth in the current quarter, providing high speed connectivity of one Gigabit-per-second across the Hudson River between a Stealth customer's data center in Jersey City, NJ and Stealth's Manhattan access point at 60 Hudson St., New York, NY. One Gigabit-per-second is the equivalent of 647 T1 lines or 1,000 DSL connections.

Lou Slaughter, Chairman and CEO of GigaBeam Corporation stated, "GigaBeam's ultra high speed wireless fiber technology is an ideal solution enabling Stealth to provide a high speed connection between customer locations and Stealth network access points." Until now, Stealth has relied on traditional fiber optic cables to connect its customers and Stealth locations together. With GigaBeam's solution, Stealth customers will be able to bypass local infrastructure and other right-of-way obstacles that prevent quick and cost-effective high speed connections using traditional physical fiber. "The initial link highlights GigaBeam's significant advantages over traditional fiber for primary and redundant fiber speed connections," Slaughter added.

GigaBeam's WiFiber technology is not only expected to reduce costs and provide additional levels of access redundancy, but it is also expected to improve network performance by reducing network access latency by as much as 30% or more. The first link will be implemented in Stealth's innovative Financial Extranet which will enhance performance and reduce latency for the exchange of traffic among its members.

Shrihari Pandit, CEO and founder of Stealth Communications said, "Using GigaBeam's WiFiber wireless fiber solution, we can now address the demands of a much broader market. Now, with a direct fiber-speed wireless WiFiber Ethernet circuit, our customers can connect to our unique portfolio of services, including Stealth's Financial Extranet and The Voice Peering Fabric(TM). The GigaBeam-Stealth solution provides high performance, low cost access without the expense of running physical fiber, and allows bypass of local infrastructure."

GigaBeam Corp.

Stealth Communications Inc.