GigaBeam WiFiber(R) Receives European Certification.

HERNDON, Va. -- GigaBeam Corporation (NASDAQ:GGBM) announced today that it has received European certification of its WiFiber wireless fiber product which is required to sell WiFiber into Europe. To signify compliance, GigaBeam is entitled to affix the CE-Mark to its WiFiber product. In achieving this certification, GigaBeam successfully met the stringent requirements of the European Commission's Radio and Telecommunications Terminal Equipment (R&TTE) Directive, covering 25 European Union (EU) and 4 European Free Trade Association (EFTA) countries. This certification follows formal publication of technical specifications by the European Telecommunications Standards Institute (ETSI) and allocation for commercial use of the 71-76 and 81-86 GHz frequency spectrum by the European Conference of Postal and Telecommunications Administrations (CEPT).

In anticipation of this certification, GigaBeam previously and successfully installed test links with potential customers in the United Kingdom, Ireland, Spain, Italy and Switzerland.

Lou Slaughter, GigaBeam's Chairman and CEO, stated, "We are thrilled to be the first company to achieve CE-Mark certification for a high data rate product operating in the 71-76 and 81-86 GHz frequency spectrum. We believe there is a significant market in Europe for high data rate communications services and in most cases it is too expensive to install terrestrial fiber. Achieving this certification will enable us to take advantage of this considerable market opportunity. GigaBeam is proud to have participated with ETSI, CEPT and many EU regulatory administrations during the writing and release of European rules for this new frequency spectrum."

GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHz radio frequency spectrum. This portion of the spectrum has been authorized by the Federal Communications Commission in the United States for wireless point-to-point commercial use. Use of these frequency bands for commercial use in the United States was pioneered by GigaBeam's founders.

GigaBeam's technology, utilizing these large blocks of authorized contiguous spectrum, enables multi-Gigabit-per-second communications through use of Gigabit Ethernet and other standard protocols. The current speed achieved by GigaBeam's WiFiber G-1.25 product series is full duplex at one Gigabit-per-second (equivalent to 647 T1 lines or 1,000 DSL connections) which supports GigE protocol. GigaBeam recently announced its WiFiber G-2.7 series, to be released this year, which will operate at 2.7 Gbps. The protocols to be supported by the G-2.7 product series include 2 x GigE (2 x 1 Gbps); OC-48 / STM-16 (2.488 Gbps); SMPTE 292M (1.485 Gbps) and both 1 and 2 Gbps fiber channel. GigaBeam also plans deployment of future products capable of 10 Gigabits-per-second utilizing either the 10 Gigabit Ethernet or OC-192 protocol standards.

GigaBeam's WiFiber technology is similar to terrestrial fiber in terms of speed and reliability for deployment in Metropolitan Area Networks (MANS). However, WiFiber has a substantial advantage over terrestrial fiber because WiFiber can be deployed in a day and costs less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.

About GigaBeam Corporation

GigaBeam is a provider of high-performance wireless point-to-point communications access solutions that operate in the licensed 71-76 GHz and 81-86 GHz radio spectrum bands. GigaBeam equipment operates at multi-gigabit-per-second speeds. GigaBeam Corporation headquarters is located at 470 Springpark Place, Suite 900, Herndon, VA 20170. For more information, visit www.gigabeam.com.

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: lack of operating history, transitioning from a development company to an operating company, 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.