GigaBeam Announces Another Order in United Kingdom for Proprietary Wireless Broadband Technology from New Customer FWA Solutions

GigaBeam Corporation (NASDAQ:GGBM), deploying WiFiber® "wireless fiber optics” technology to economic centers across the globe, announced today that it has received an order for one WiFiber link from a direct sale to FWA Solutions Ltd., a U.K.-based value added distributor of high-performance wireless communications solutions. We believe this order further validates GigaBeam’s commercialization strategy to penetrate major metropolitan areas around the world with next generation wireless technology that is able to bypass existing telecom infrastructure at speeds equal to 1,000 DSL lines. "The United Kingdom has long been a focus of our efforts to expand in Europe and I believe that this order is an important step towards establishing a major presence throughout the continent,” said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "We are very pleased to be working with strategic partners such as FWA Solutions. They are well respected and have a positive track record of building truly next generation wireless networks.” GigaBeam’s WiFiber technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation. "There are few companies in the world that can provide the hardware solutions that FWA needs to establish what we call ‘outdoor broadband networks’ and GigaBeam certainly is one of them,” said David Penny, Managing Director of FWA Solutions. "We are very pleased to be working with GigaBeam and look forward to expanding our relationship in the future.” 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 647 T1 lines or 1,000 DSL lines. Current GigaBeam partners, customers, and end users include Google, 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/. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam. To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html. To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.html. About FWA Solutions (www.fwasolutions.com) FWA Solutions is a company of expertly trained professionals dedicated to the Fixed Wireless Access and outdoor broadband network markets. With a wealth of experience in broadband radio equipment and network design, the Company is one of the UK’s leading value added distributors of wireless and microwave products. FWA Solutions also prides itself on being able to offer their clients the expertise and support needed to deploy high performing and cost effective data, video or voice wireless networks. 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 these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, 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. GigaBeam does not intend to update the statements in this press release to conform to actual results unless required by law.