successful installation of its WiFiber(TM) wireless fiber link for Microwave Satellite
Technologies Inc. (MST) between the Trump International Hotel & Tower at Columbus
Circle and a residential Trump building, Trump Place at 180 Riverside Boulevard in New
York City. The WiFiber link enables the 49-story Trump Place to receive fiber-equivalent
access and the ability to benefit from Quadruple-play services. MST, through its voice,
video and data offering, will enable residents at this location to subscribe to high-speed
data services, both wired and wireless, voice/video- over-IP, high-definition television
programming and video-on-demand. This installation is the first of 20 WiFiber links, which
MST plans to deploy throughout New York.
Lou Slaughter, Chairman and CEO of GigaBeam Corporation stated, "This deployment of
WiFiber between the Trump properties is a significant event in telecommunications. It is
the first commercial deployment in the world of a gigabit speed link utilizing 70 and 80
GHz. Further, I believe our WiFiber will have a disruptive impact on telecommunications
by enabling ubiquitous ultra high speed connectivity which is more economical than
terrestrial fiber."
Frank Matarazzo, President and Founder of MST added, "GigaBeam's WiFiber will enable
MST to deliver the 'quadruple-play' of communications to any number of buildings in New
York City simply and cost effectively. With WiFiber, MST will now be able to offer its
services to any building in New York City from a point-of-presence without having to deal
with the time consuming and costly local access issues associated with incumbent
terrestrial fiber. The WiFiber technology, combined with our platform, makes us a
compelling alternative for multiple dwelling units."
GigaBeam provides ultra high speed wireless point-to-point communications links that
operate in the 71-76 GHz and 81-86 GHz radio spectrum bands. In late 2003, this portion
of the radio frequency spectrum was authorized by the Federal Communications
Commission for wireless point-to-point commercial use. Use of these frequency bands
was pioneered by GigaBeam's founders.
GigaBeam's technology, coupled with these large blocks of recently authorized
contiguous spectrum, enable multi Gigabit-per-second wireless communications utilizing
Gigabit Ethernet protocols. The current speed achieved by GigaBeam's technology is 1.25
Gigabits-per-second. GigaBeam will be deploying products next year capable of 10
Gigabits-per-second which is the 10 Gigabit Ethernet protocol standard.
GigaBeam's technology is similar to terrestrial fiber in terms of speed and reliability for
deployment in Metropolitan Area Networks (MANs). However, it has a substantial
advantage over terrestrial fiber because it costs less to deploy resulting in a lower cost of
ownership and, the company's virtual fiber links can be deployed in a day. Terrestrial fiber
can take many months, even a year, to deploy and also require significant regulatory and
environmental approvals prior to deployment.
About GigaBeam Corporation
GigaBeam Corporation designs, develops, sells, leases, installs, and maintains 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 office
is located at 470 Springpark Place, Suite 900, Herndon VA 20170. For more information,
visit gigabeam.com.
About Microwave Satellite Technologies (MST)
Microwave Satellite Technologies, Inc. (MST) is a global communications technology
company that specializes in video to the desktop, video conferencing, distance learning,
two-way data, and Internet access services. MST offers complete sales, installation, and
service of multi-national VSAT and business television networks, and is a full-service
national Internet Service Provider (ISP), offering the latest in web hosting and design.
MST's NuVisions Broadband services offer cable television, cable modem high-speed
Internet, and telephone services to multi-family residences, commercial buildings, and
institution owners throughout the United States. MST delivers its services using
microwave and fiber optic technology for superior performance, and now offers over 125
channels of high definition television (HDTV). MST has recently begun deployment of its
new Interactive Wi-Fi, hot- zone system that will offer wireless Internet service in large
geographic areas of New York City, and is introducing the newest Broadband over
Powerline (BPL) technology to high-speed Internet users in apartment buildings, hotels,
and business environments. MST Corporate Headquarters is located at 259-263 Goffle
Road, Hawthorne, New Jersey 07506. For more information about Microwave Satellite
Technologies, Inc. (MST), visit our websites at mst-online.com and
nuvisionsbroadband.com, call MST at (973) 304-6080, or email to info@mstonline.
com. NuVisions, NuVisions Broadband and NuVisions Digital Voice are registered
trademarks of Microwave Satellite Technologies, Inc.
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 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. |
