GigaBeam Signs WiFiber(TM) Agreement with OnFiber Communications

GigaBeam Signs WiFiber(TM) Agreement with OnFiber Communications

HERNDON, Va., Feb. 4 /PRNewswire-FirstCall/ -- GigaBeam Corporation announces today that it has signed a Master Agreement of Purchase and Sale with OnFiber Communications, Inc. relating to GigaBeam's WiFiber(TM) wireless fiber ultra high speed communications links. OnFiber is a leader in high capacity network solutions for businesses and services providers throughout the United States. A field trial deployment is anticipated to occur in the current quarter.

Louis Slaughter, GigaBeam Chairman and CEO said: "We are delighted that OnFiber has recognized the potential of our WiFiber wireless fiber communications products." Mr. Slaughter added, "GigaBeam's technology is ideally suited to provide access for both primary access and/or disaster recovery network applications. Our proprietary technology has compelling value. It is a less expensive and more rapidly deployable alternative to terrestrial fiber. We are excited by the positive response to our product offerings."

Michael Guess, OnFiber COO said: "As the leader in metro network solutions, OnFiber is committed to constructing the most reliable networks in the shortest possible time. OnFiber anticipates being able to offer the WiFiber technology to customers who require more rapid deployment or additional diversity options beyond what is available in a traditional fiber-based network. Through the AdaptiveBuild(TM) solution, OnFiber custom designs a network for a customer's specific needs, and having access to Gigabeam's technology enables OnFiber to deliver the best possible network using the best technology available today."

GigaBeam expects to provide ultra high speed wireless point-to-point communications links that operate in the 71-76 GHz and 81-86 GHz radio spectrum bands. This portion of the radio frequency spectrum recently was authorized by the Federal Communications Commission for wireless point-to-point commercial use. Use of these frequency bands for commercial use was pioneered by GigaBeam founders.

GigaBeam expects that its technology, coupled with these large blocks of recently authorized contiguous spectrum, will enable multi gigabit-per-second wireless communications utilizing Gigabit Ethernet protocols. The anticipated speed of GigaBeam's technology is 1.25 Gigabits-per-second, equal to about 1,000 DSL connections. In 2005, GigaBeam expects to deploy products capable of 10 Gigabits-per-second, which is the 10 Gigabit Ethernet protocol standard.

GigaBeam's technology will be similar to terrestrial fiber in terms of speed and reliability for deployment in Metropolitan Area Networks (MANs). However, it will have 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 are capable of deployment in a day, Slaughter said.

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 OnFiber Communications

OnFiber Communications, Inc. is a metro network solutions provider that designs, builds, and operates unique communications services for its customers. In addition to delivering custom networks for enterprises through AdaptiveBuild(TM), OnFiber solves local connectivity challenges for its service provider customers. Through the optical networks it owns and operates across the U.S., OnFiber bridges the gap between global infrastructure and the network edge. OnFiber is an agile organization that strives to deliver reliable and efficient broadband services on time, every time. For more information, please visit http://www.onfiber.com/ or call 1-866-ONFIBER.

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.

All rights reserved. OnFiber and Coil Design are registered trademarks of OnFiber Communications. All other products or service names mentioned herein may be the trademarks of their respective owners.


Source: GigaBeam Corporation

CONTACT: Michelle Manoff of Rubenstein Public Relations,
+1-212-843-8051, mmanoff@rubensteinpr.com, or Andrea Strittmatter of Elite
Financial Communications Group, +1-407-585-1080, ggbm@efcg.net, both for
GigaBeam Corporation; Lou Slaughter of GigaBeam Corporation, +1-571-283-6200,
lou.slaughter@GigaBeam.com; or Christy Weiner of OnFiber Communications,
+1-720-554-7054, christy.weiner@onfiber.com

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


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