GigaBeam Deploys Wireless Technology Into The Middle East
Durham, NC - GigaBeam Corporation, deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced recently 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.
The 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. The Company expects to drive additional revenues and earnings from sales to the Middle East and North Africa region which is expected to complement the contribution from existing and projected next generation Wireless Local Exchange Carriers, similar to the recently announced orders from the Western U.S. WiLEC, One Velocity, Inc.
"GigaBeam continues to follow through on its mission to expand our footprint to every major economic center around the globe," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "This purchase order which follows an extended trial of our WiFiber links by the customer is a testimonial to our product performance in a difficult climate and is also evidence that our business development efforts in the region and around the world are continuing to pay off for our shareholders."
Given the geographic and weather challenges in the Middle East, this sale further validates the robustness of GigaBeam's technology and solutions. GigaBeam's wireless technology is similar to terrestrial fiber in terms of speed and reliability and has a substantial cost and deployment advantage over terrestrial fiber. WiFiber can be deployed and activated within hours and at costs significantly less to deploy than terrestrial fiber, which take months to deploy and also requires significant regulatory and environmental approvals prior to installation.
GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz upper millimeter wave spectrum bands. These large blocks of frequency spectrum enable the Company's WiFiber product to transmit data, voice and Video at multi-gigabit-per-second. Other frequency bands that are used for point-to-point communications, such as microwave spectrum, cannot transmit at high data rates and are limited to speeds of only a few hundred megabits-per-second due to the limited amount of available frequency.
SOURCE: GigaBeam Corporation