GigaBeam Corporation (Nasdaq: GGBM)

Dear Reader,

GigaBeam Corporation (NasdaqCM:GGBM), which we introduced to you yesterday, just announced that it had received a purchase order for two of its WiFiber® links from a key reseller for the government of the Kingdom of Saudi Arabia. The Saudi order represents the opening of another major Middle Eastern market, including the Kingdom of Bahrain, with significant revenue potential and demand for ultra high speed access including Internet connectivity that does not require the underground digging necessary for terrestrial fiber optics.

Additionally, this order further validates GigaBeam's aggressive commercialization strategy to penetrate major metropolitan areas around the world with next generation wireless technology, which is able to bypass existing telecom infrastructure at speeds equal to 1,000 DSL lines. 

GigaBeam's continued market acceptance demonstrates its potential for success.  Once again, we encourage you to keep an investor's eye on upcoming news and events for GGBM.  The Company released an Operational Update, which appears below.  You may view our August 2nd profile HERE
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Operational *UPDATE* From GigaBeam Corp.

Fellow Investor, The bottom line is this: wireless, and specifically GigaBeam’s WiFiber® solutions, simply make logistic and economic sense. The acceptance of this fact by a rapidly growing number of global clients is adding revenues and ultimately, driving shareholder value. The topography of the Middle East represents profound challenges for the deployment of traditional terrestrial fiber. Fortunately, Gigabeam’s WiFiber® links provide the ideal wireless solution; characterized by low cost and ease of deployment. Saudi Arabia is yet another example of the acceptance of GigaBeam’s wireless solution. The order for two WiFiber® links from a key reseller in Saudi Arabia for the government of the Kingdom of Saudi Arabia represents further expansion in the Middle East region following previous sales including to the Kingdom of Bahrain, where GigaBeam has already installed its next generation wireless technology for a broadband network. The exciting aspect to these ex-US orders is the rapid acceptance and validation GigaBeam is seeing virtually worldwide. Orders from Australasia, the Middle East, Africa and Europe are a testimonial to our stated mandate to deploy our proprietary WiFiber® technology to every major metropolitan area of the globe. We continue to source new customers and field inquiries as well as seeing follow-on orders from previous customers as established wireless networks expand. The Middle East and North Africa (MENA) region represents a major and lucrative market for GigaBeam. While WiFiber® is similar in speed and reliability to terrestrial fiber, the physical fiber is rapidly becoming too expensive and time consuming to deploy. With WiFiber® links, the system can be operational in a matter of hours as opposed to weeks or months and virtually eliminate ever increasing installation costs, which can exceed $1 million a mile for terrestrial fiber in major metropolitan areas. Early adopters of our technology are our best marketers. Governments, cities and municipalities charged with developing an alternative or wireless network have limited choice and can justify seriously considering GigaBeam’s multiple global installations for state-of-the-art solutions—not to mention the most cost-effective. WiFiber® has another major benefit; it allows customer to take direct control of their wireless networks and bypass the restrictive telecommunications oligopoly. Putting that authority into the hands of customers by allowing them to connect directly to a fiber optics hub allows for progressive forward planning without the worry of scalability issues. It is difficult to overestimate the importance and impact of our WiFiber® technology on the next generation of global wireless broadband communication. Suffice it to say, GigaBeam’s technology is truly market disruptive—both in word and in practice. 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. We are very excited about our rapid progress and potential. We invite investors to familiarize themselves with our business plan and robust, cutting edge technologies by visiting—if you haven’t already—our constantly updated Investor Center. Best regards, Louis Slaughter Chairman & Chief Executive Officer GigaBeam Corporation

Cautionary Statement Any statements in this summary about GGBM’s expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the “Act”). These statements are often, but not always, made through the use of words or phrases such as “believe”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “forecast”, “could”, and “would”. GGBM bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that we might not achieve our anticipated development milestones, the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties GGBM faces, see documents GGBM files with the SEC. GGBM claims the protection of the safe harbor for forward-looking statements under the Act and each assume no duty and expressly disclaim any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

About GigaBeam Corp.

Founded in January 2004 by two widely acknowledged experts in the field of millimeter wave wireless technology, GigaBeam Corporation's ("GigaBeam" "Giga" GGBM") primary product is the WiFiber® product line that has ushered 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 include: Google, Verizon, ING, Sprint, and The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.

GigaBeam's visionary management team 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. In short, GigaBeam offers a truly unique investment opportunity with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.

WiFiber is an entirely new concept in point-to-point wireless technology. The Giga vision is to enable communications capacity delivery faster and less costly than previously possible. With the addition of WiFiber to the nation’s information backbone, many customers will now have access to video/data/voice at prices once unimaginable. 

According to Cisco Systems’ exparte filing with the FCC (May 2003), less than 5% of the 750,000 commercial buildings in the United States have current access to fiber. The result has been a connectivity divide between the United States and numerous other countries. GigaBeam believes that widespread availability of high speed communications bandwidth will improve economic productivity, help close the digital divide, and improve the overall quality of life. 

GigaBeam is the world-class proven commercial leader in multi-gigabit wireless communication solutions for the “entire last mile" that will manufacture, lease, install, and service high-speed point-to-point wireless communication access systems that are faster to deploy than fiber, more reliable than Free Space Optics (FSO), higher speed than microwave, and superior performance than any competing technology. GigaBeam’s products can be used to provide high speed/high performance solutions for the critical “last mile” gap between the fiber optic backbone and commercial buildings with: 

The GigaBeam Competitive Advantage and Market

Proprietary technology coupled with superior systems architecture and state-of-the-art know-how enables GigaBeam to deliver a family of products with distinct competitive advantages. Superior link performance is achieved through use of unique technology from exclusive strategic partner relationships. GigaBeam links have more “link margin” than competitive products, allowing higher availability networks to be realized even in the most inhospitable environments. GigaBeam uses advanced system architectures and designs to deliver access systems that offer the lowest total cost of ownership (TCO). 

• Government; Federal, State, and Local 
• Enterprise; Fortune 1000 
• Next Generation Service Providers; CLECs, ISPs, and Cable Companies 
• Large Carriers; ILECs, IXCs, and PTTs 
• Wireless Service Providers 
• International Enterprises and Service Providers 
• Educational Institutions aOther 

WiFiber for the "Entire Last Mile"

• Reduce Cost: by lowering or eliminating fiber deployment and access charges 
• Reduce Risk: by increasing network resiliency through diverse access paths 
• Reduce Time-to-Market: by reducing network backlog and deployment time 

Fiber (Backbone) POP Access  Redundant Access - Network Diversity  Enterprise Campus Connectivity  Local Area Network (LAN) Extension  Local Loop  Metropolitan Area Network (MAN)   Wide Area Network (WAN) Access  Central Office Bypass  Storage Access (SAN & NAS)  Wireless Backhaul (3G & 4G)  High Definition Video

Recent News from GigaBeam

Press Release Source: GigaBeam Corporation
Friday August 3, 4:01 pm ET

DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has received a purchase order for two WiFiber® links from a key reseller for the government of the Kingdom of Saudi Arabia. The Saudi order represents the opening of another major Middle Eastern market, including the Kingdom of Bahrain, with significant revenue potential and demand for ultra high speed access including Internet connectivity that does not require the underground digging necessary for terrestrial fiber optics. MORE

Press Release Source: GigaBeam Corporation 
Tuesday July 31, 8:43 pm ET 

DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, today announced the successful deployment of its 100 Megabit-per-second product into a wireless metro Ethernet network. The 100 Megabit product is expected to drive demand and provide significant market opportunities for customers looking for a lower cost of entry and as a potentially lucrative and complimentary technology for the backhaul of WiMAX and 4G technologies.MORE
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Press Release Source: GigaBeam Corporation 
Monday July 30, 3:30 am ET 

DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has hired Mark Hahn as the Company's new Chief Financial Officer and Vice President of Finance and Administration. Mr. Hahn, a long-time CFO and a former Senior Manager at Ernst & Young, will join GigaBeam during period of sustained corporate growth.MORE
 

Financial Highlights For GGBM

To Contact GigaBeam

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