DURHAM, N.C., June 2, 2008 (PRIME NEWSWIRE) -- GigaBeam Corporation (Pink Sheets:GGBM), announced today that it has launched an equipment leasing program offered through Presidio Technology Capital, LLC, a leading provider of technology financing solutions. The program is designed to offer GigaBeam customers broad choices to finance their investment in GigaBeam wireless communications technology.
The Presidio Technology Capital program provides GigaBeam customers with a variety of leasing options. Some customers may be able to shift acquisition costs from capital to operational budgets while others will appreciate the ability to manage cash flow, accelerate growth and facilitate longer term planning by taking advantage of the built-in equipment upgrade option.
GigaBeam's offering complements this as a one stop shop for fixed wireless products with capacity ranges from 10Mbps to 1,000Mbps now and eventually to 10,000Mbps. The combination of these products and financial instruments are very desirable in the market place today.
"Supplementing our equipment offering with a financing solution will be a great benefit and added value to our customers," said S. Jay Lawrence, Chief Executive Officer of GigaBeam. "This program is a key component to our overall strategy. We are committed to making the customer experience with our product as simple and rewarding as possible. We could not be more pleased to be associated with a business with the reputation of Presidio Technology Capital."
Presidio Technology Capital's President, Bob Necessary, agrees. "Far too many organizations are unaware that they have technology acquisition options beyond straight purchase or bank financing. Our exclusive focus on technology financing gives a number of advantages over traditional financing choices, including generally higher residual valuations, mid-lease upgrades, and project financing that rolls professional services and other 'soft' costs into the same payment schedule as the equipment. Our goal is to maximize our customer's ROI and minimize TCO (Total Cost of Ownership), and we are very pleased to extend the option of full-spectrum technology financing to GigaBeam's customers."
Presidio Technology Capital, LLC is a subsidiary of Presidio, Inc.
About GigaBeam Corporation:
GigaBeam is a provider of fixed wireless communication equipment. The company is the leader in the upper millimeter wave communication bands from 71GHz to 86GHz and has offerings in other bands including 4.9GHz, 5.4/5.8GHz, and 18 Ghz and is considering other product offerings as well. GigaBeam's core products in the 70/80GHz band are immune to interference or interception, can be very densely deployed, and have inexpensive licensing to offer users protection. GigaBeam's product portfolio currently has products from 10Mbps to 1,000Mbps (Gigabit Ethernet) and coming soon will be an expanded portfolio of products from 10Mbps to 10,000Mbps. These products are point-to-point, line-of-sight and soon non-line-of-sight. The combined offering can provide ultra broadband high-speeds for core network applications and lower speed and economical edge/access offerings. GigaBeam products have been deployed in over 20 countries worldwide. Current GigaBeam users include many enterprise customers and cities globally, universities, medical centers, banks, various departments/ministries of defense, and other government agencies globally. To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com.
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About Presidio Technology Capital:
Presidio Technology Capital is a leader in the technology finance industry, dedicated to offering business, education and government customers a high-value, low-effort alternative to traditional approaches to technology acquisition. For more than thirty years, Presidio has worked to provide innovative, cost-effective financial solutions to thousands of customers. A broad set of lease options allows Presidio to customize each financial solution to fit the customer's specific needs and business goals.
Presidio Technology Capital is a subsidiary of Presidio, Inc. Find out more about Presidio financial solutions at www.presidio.com/presidiotechnologycapital.
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