GigaBeam and Stealth Communications Expand VoIP and IP Services in the New York City Area

GigaBeam and Stealth Communications Expand VoIP and IP Services in the New York City Area

HERNDON, Va., Jan. 13 /PRNewswire-FirstCall/ -- GigaBeam Corporation (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."

About GigaBeam Corporation

GigaBeam Corporation designs, develops, 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 http://www.gigabeam.com/.

About Stealth Communications, Inc.

Stealth Communications, New York City's largest Internet gateway, provides niche services to various vertical markets in New York as well as other major cities worldwide. For more information regarding Stealth, Stealth's Financial Extranet or The Voice Peering Fabric (VPF), visit http://www.stealth.net/.

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.


Source: GigaBeam Corporation

CONTACT: Michelle Manoff of Rubenstein Public Relations,
+1-212-843-8051, mmanoff@rubensteinpr.com; or Lou Slaughter of GigaBeam
Corporation, +1-571-283-6200, lou.slaughter@GigaBeam.com; or Andrea
Strittmatter of Elite Financial Communications Group, +1-407-585-1080,
ggbm@efcg.net; or Shrihari Pandit of Stealth Communications, Inc.,
+1-212-232-2020, spandit@stealth.net

Web site: http://www.gigabeam.com/


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