GigaBeam Announces Expansion of Market Reach with Addition of Lower Data Rate Product Offering
Wednesday September 12, 3:30 am ET
Company Adds Complimentary 24GHz Access Product to State-of-the-Art 70 GHz and 80 GHz Transport Family of Next Generation Wireless Broadband Technologies
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying WiFiber® "wireless fiber optics" technology to economic centers across the globe, announced today that it plans to launch a new product offering which operates in the 24GHz frequency spectrum with 27Mbps capacity. The Company continues to develop a comprehensive, one-stop solution of wireless technologies for major metropolitan centers for businesses and local government where wireless transport and access solutions are required.
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The new product's low price and the opportunity for the Company to increase the size of its addressable market is another significant milestone for the Company. This new product positions the company to increase its penetration of major metropolitan areas around the world with next generation wireless technology. Gigabeam now has product offerings from 27Mbps to 1,000Mbps, with 2,000 Mbps in alpha testing. This broader range of capacity and price points of the Company's product portfolio will allow the Company to realize new, incremental revenue opportunities previously unavailable.
"We are pleased to announce the availability of this new product offering at 24GHz," said Lou Slaughter, Chairman and Chief Executive Officer of GigaBeam. "We see this new offering as an excellent and complementary addition to our existing WiFiber product line. We are committed and expect to continue to expand around our WiFiber product with the addition of complementary products. This new product will allow us to address the demand we are already realizing for lower capacity access solutions to connect to network deployments of our WiFiber transport solution. The increased number of product offerings will enable our customers to design GigaBeam technology-based networks based upon capacity requirements and budgets."
GigaBeam's WiFiber technology is similar to terrestrial fiber in terms of speed and reliability. Unlike terrestrial fiber, however, WiFiber can be rapidly deployed, costs significantly less to deploy, and requires little or no environmental approvals prior to installation. The addition of the 24GHz product line further expands the company's ability to respond to customer requirements by adding a lower price "Access" product which will increase the number of solutions the company can provide customers.
GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz upper millimeter wave spectrum bands. The Federal Communications Commission and the European Conference of Postal and Telecommunications Administrations (CEPT) and certain other countries have authorized this portion of the spectrum for licensed wireless commercial use
About GigaBeam Corporation
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers, and end users include Google, Verizon, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented strategy to expand into major metropolitan areas around the world.
GigaBeam's management team, which pioneered rule making in the 70GHz and 80GHz spectrum, is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. GigaBeam is a company with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/. |
