GigaBeam Announces Further Expansion to California Market Following Latest Order for Deployment of Company's Next Generation Wireless Technology.

Company Continues Expansion in Tech-Forward Economic Centers Across the U.S.

DURHAM, N.C. -- GigaBeam Corporation (NASDAQ:GGBM), deploying WiFiber[R] "wireless fiber optics" technology to economic centers across the globe, announced today that it has received an order for two of the Company's G1.25 WiFiber links and one 100 megabit product link from a fiber backbone telecommunications carrier based in California. It plans to leverage the Company's next generation wireless broadband technology to expand a Metro Ethernet network.

The Company expects to drive additional revenues from the projected growth of this industry-leading partner's network which will be able to bypass the existing telecommunications infrastructure at fiber-like speed and reliability.

"I am pleased to announce that GigaBeam is achieving further penetration into the California market," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "We believe that this new order provides another example of how GigaBeam can help telecommunications service companies grow their infrastructures efficiently and cost effectively. GigaBeam continues to make progress towards our vision of establishing next generation networks around the globe utilizing our technology and products."

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.

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[R] 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, customers, and end-users 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 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/.

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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.