GigaBeam Announces Further Expansion to Australian Market Following Additional Order for Latest Next Generation Wireless Product

Company Continues Expansion in Tech-Forward Economic Centers Across
the Globe and Shows Continued Growth From Robust Customers Base

DURHAM, N.C.--(BUSINESS WIRE)--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 three 100 megabit WiFiber links from Australia-based GMG
Solutions, a wireless network company that is the Australian
distributor of GigaBeam's WiFiber line of products.

GigaBeam's recently launched WiFiber® G-Series 100 megabit product
offering is essential to the Company's strategic plan to provide a one-
stop solution for major metropolitan centers where backbone transport
solutions are required along with lower speed technologies to serve as
access to customer premises. The lower price point of this product is
expected to significantly drive demand for the Company's products.
This 100 Megabit product as well as the Company's Gigabit product are
complimentary to and will benefit from the rollout of next generation
WiMAX and 4G technologies.

"Australia provides us with ample opportunities for growth," said
Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "We
feel confident that we can take advantage of these opportunities with
our strategic partner GMG Solutions. This sale is also an excellent
example of the additional revenues that can be derived from our
expanded product line."

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.

The first network utilizing the WiFiber 100 megabit product was
established by One Velocity, Inc., a next generation Wireless Local
Exchange Carrier with operations based in Las Vegas and with plans to
expand into the Western United States. One Velocity recently ordered
24 WiFiber links including five links from the new product offering
for their network in the Las Vegas metropolitan area. For updates in
VoIP sector logon to www.knowingabout.com/voip.

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 for licensed
wireless commercial use have authorized this portion of the spectrum.

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 641
T1 lines or 1000 DSL lines.

Current GigaBeam partners and customers include Google, Verizon, ING,
Sprint, The Department of Defense, as well as several cities and
universities such as San Francisco and Boston University. The Company
has implemented a 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/.

To view current updates on Wifi , www.knowingabout.com/wifi

To view current updates on Voip , www.knowingabout.com/voip

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 Corporation
Investor Contact
Mark Hahn, 919-313-3992
Mark.Hahn@gigabeam.com
or
Company Contact
Marijke McCandless
Director, Marketing Communications and Investor Relations
919-599-6210
Marijke.mccandless@gigabeam.com
or
KnowingAbout
www.knowingabout.com