GigaBeam Corporation is engaged in the design, development, marketing, sale, lease, installation, and service of advanced point-to-point wireless communication solutions for commercial and government customers in the United States. The companys solutions address the requirements of fixed wireless carriers, service providers, enterprises, and government institutions through broadband wireless networks. WiFiber, by providing the last mile access and backhaul, is complementary to both Wireless Fiber (WiFi) and WIMAX. The company's product, GigaBeam GigE WiFiber G, transmits data at 1.25 gigabits-per-second. The company completed its first installation of this product in December 2005. The companys target customers are telecom operators, carriers and network operators, communications and IT service providers, including wireless local exchange carriers (WiLEC), system integrators and value added resellers, government agencies and other enterprises including financial services organizations seeking millimeter wave wireless solutions. The companys wireless communications solution is a point-to-point, line of sight, wireless high-speed communications link established between two GigaBeam transceiver units, which are linked wirelessly through the alignment of their antennas and their transmission of data via radio signals in the 71-76 GHz and 81-86 GHz spectrum bands. The companys transceiver units are designed to provide wireless link transmission of data at speeds of one gigabit-per second, equivalent to the transmission speeds obtained with fiber and to transmit that data 99.999% of the time, and with less than 5 minutes of unavailability or downtime per year in all weather conditions at distances of up to one mile.