Wifi Revolution

GigaBeam has been awarded its first purchase order for a WiFiber link in Spain, a major new market for the Company’s next generation wireless broadband technology.

 

A major university in Spain will use the links as part of an ongoing project conducted by the Company’s partner F2-Tel, Ingenieria de Telecomunicación, s.l.

 

GigaBeam believes this order further validates the company’s stated mission to retrofit major metropolitan areas worldwide with next generation wireless technology that is able to complement existing telecom infrastructure at speeds equal to 1000 DSL lines by offering carrier capacity redundancy.

 

The company further explains that this win underscores that educational institutions are an ideal application of WiFiber’s technology and a significant potential market opportunity because there are more than 8000 universities worldwide.

 

Louis Slaughter, chairman and chief executive officer of GigaBeam believes that Spain represents a large and potentially lucrative market for their WiFiber family of products.

The company sees new regions coming on a regular basis and is excited to see that their first sale in Spain is also a major university.

 

According to Slaughter, each new market that GigaBeam opens provides additional opportunities for growth and for building shareholder value.

 

“We are thrilled to represent GigaBeam’s product line in the Spanish Market,” said Enrique Iglesias, managing director of F2-Tel in a statement.

 

“This market opening order is exciting for our business as we expect GigaBeam’s products to be a cornerstone of our services moving forward,” he added.

 

 

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