GigaBeam Receives Order for 30 WiFiber(R) Links from CircleTel

Nasr Talat Nasr, Chairman of CircleTel said, "GigaBeam's WiFibercontinues to achieve market acceptance in the MENA region. We areconfident that GigaBeam products will gain further market traction inour region. We are seeing growing demand for GigaBeam's technologyfrom diverse sectors including government, finance, security andsurveillance, enterprise and education."

Lou Slaughter, GigaBeam's Chairman and CEO stated, "We are excitedthat CircleTel has placed an additional order with our company. Wehave been thrilled with the success of WiFiber in the MENA region.GigaBeam's WiFiber enables rapid installation of a fiber equivalentspeed network without the delays and cost normally associated withinstalling terrestrial fiber."

GigaBeam WiFiber products operate in the 71-76 GHz and 81-86 GHzradio spectrum bands. his portion of the radio frequency spectrum hasbeen authorized by the Federal Communications Commission for wirelesspoint-to-point commercial use. Use of these frequency bands forcommercial use was pioneered by GigaBeam's founders.

GigaBeam's technology, utilizing these large blocks of authorizedcontiguous spectrum, enables multi-Gigabit-per-second communicationsthrough use of Gigabit Ethernet and other standard protocols. Thecurrent speed achieved by GigaBeam's WiFiber G-1.25 product series isfull duplex at one Gigabit-per-second (equivalent to 647 T1 lines or1,000 DSL connections) which supports GigE protocol. GigaBeam recentlyannounced its WiFiber G-2.7 series, to be released in Q3, 2006, whichwill operate at 2.7 Gbps. The protocols to be supported by the G-2.7product series include 2 x GigE (2 x 1 Gbps); OC-48 / STM-16 (2.488Gbps); SMPTE 292M (1.485 Gbps) and both 1 and 2 Gbps fiber channel.GigaBeam also plans deployment of future products capable of 10Gigabits-per-second utilizing either the 10 Gigabit Ethernet or OC-192protocol standards.

GigaBeam's WiFiber technology is similar to terrestrial fiber interms of speed and reliability for deployment in Metropolitan AreaNetworks (MANS). However, WiFiber has a substantial advantage overterrestrial fiber because WiFiber can be deployed in a day and costsless to deploy than terrestrial fiber. Terrestrial fiber can takemonths to deploy and also require significant regulatory andenvironmental approvals prior to installation.

About GigaBeam Corporation

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

About CircleTel Consultancies WLL

CircleTel is a major global provider of VoIP communication systemsand software, network deployment and integration services, includingmobile convergence on WiFi and WiMax networks. It has partnered withleading global software and hardware manufacturers to create the mostrobust turnkey VoIP network and is set to become the first choice fortelecom related services and project development within the MiddleEast and North Africa. CircleTel provides total managed solutions thatenable service providers to deliver value added voice services totheir customers. CircleTel headquarters are located at 8th Floor,Nahar Building, Seef District, Kingdom of Bahrain. For moreinformation, visit www.circletel.com.

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Statements in this press release regarding GigaBeam's products,services, capabilities, performance, opportunities, development andbusiness outlook that are forward-looking involve and are subject toknown and unknown risks, uncertainties and other factors, some ofwhich are beyond GigaBeam's control and difficult to predict, andcould cause actual results to differ materially from theseanticipated, expressed or forecasted in the forward-lookingstatements. Such risks and uncertainties may include, but are notlimited to: lack of operating history, transitioning from adevelopment company to an operating company, difficulties indistinguishing GigaBeam's products and services, ability tomanufacture and deploy GigaBeam's products, lack of or delay in marketacceptance and fluctuations in customer demand, dependence on alimited number of significant customers, reliance on third partyvendors and strategic partners, availability of raw materials,subassemblies and components, ability to meet future capitalrequirements on acceptable terms, continuing uncertainty in thetelecommunications industry and the global economy, intensecompetition in the telecommunications equipment industry and resultingimpact on pricing and general financial performance, compliance withfederal and state regulatory requirements, timing, availability andsuccess of new technology and product introductions and the otherfactors discussed in GigaBeam's filings with the Securities andExchange Commission.