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August 09, 2007

GigaBeam Receives Purchase Order from Caribbean Bank

By Narayan Bhat, TMCnet Contributing Editor

Wireless communications equipment maker GigaBeam Corp. (News - Alert) announced that a Caribbean bank placed a purchase order for two WiFiber links, which enable high-speed Internet access across large urban areas.




GigaBeam says it anticipates an order for an additional two links after the successful installation of the first two. However, it did not name the bank customer.

The latest order, GigaBeam says, reinforces its pursuit to penetrate major metropolitan areas around the world with next generation wireless technology that has a potential to bypass existing telecom infrastructure at speeds equal to 1000 DSL lines.

"We are very pleased to receive order from a large bank that is known for offering a high standard banking service," said Louis Slaughter, Chairman, and Chief Executive Officer of GigaBeam in a statement to the press.

He continued, "Given the complexity and sensitivity of the information transmitted through our WiFiber product, we believe this is a significant validation of the performance and the inherent security of our technology. We expect to see several additional purchase orders from various banking institutions in the years to come."
GigaBeam says its customers can count on its WiFiber links in any region including Caribbean islands, which experience significant rainfall.

GigaBeam's wireless technology is similar to that of terrestrial fiber in terms of speed and reliability. But GigaBeam says WiFiber is preferable over terrestrial fiber. Because WiFiber can be deployed and activated within hours and at costs lesser than terrestrial fiber, which takes months to deploy and requires significant regulatory and environmental approvals prior to installation.

GigaBeam says its 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 (News - Alert), The Department of Defense, as well as several cities and universities such as San Francisco and Boston University.
 
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Narayan Bhat is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.


 







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