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Technology Stocks : Gigabeans (GGBM)

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From: bob zagorin4/18/2007 12:13:45 PM
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GigaBeam Announces Verification to FCC Part 101 Standards of Its Next Generation 2.7 Gigabit Per Second WiFiber Product
Wednesday April 18, 11:57 am ET

HERNDON, Va.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ: GGBM - News) announces that it has successfully verified its next generation WiFiber wireless fiber 2.7 Gigabit-per-second product (the G-2.7 Series) to meet Federal Communications Commission (FCC) standards pursuant to Part 101 of the FCC regulations.

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The protocols to be supported by GigaBeam's G-2.7 product series include 2 x GigE (2 x 1 Gbps), OC-48 / STM-16 (2.48 Gbps); SMPTE 292M (1.48 Gbps), ADS/Digivance, and both 1 and 2 Gbps Fiber Channel (2 x 1 Fiber Channel OR 1 x 2 Fiber Channel). The product is currently in Alpha testing. The Company expects to release the product to market in the second half of the year.

Doug Lockie, GigaBeam's President and CTO, stated, "We are excited about achieving verification to FCC standards of our new G-2.7 Series product. This next generation WiFiber product performs at twice the speed of our existing product line. In addition, the G-2.7 series offers many options in terms of different protocols including Ethernet and OC 48. This is the next milestone in our product roadmap towards achieving 10 Gigabits-per-second in the future. We believe we are the first company to develop a product for the commercial market at 2.7 Gigabits-per-second. We also believe that we continue to lead the market in developing products which will address the increasing demand for high speed connectivity for the metro loop and last mile in urban areas."

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 and 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 WiFiber technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber has a substantial advantage over terrestrial fiber because WiFiber can be rapidly deployed 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 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.
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