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| November 02, 2009 GigaBeam Completes Restructuring and is Poised for Significant Growth |
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DURHAM, NC – GigaBeam announced today that the court has approved the sale process, which is a vital piece to restructuring the business assets. GigaBeam filed its voluntary petition under Chapter 11 of the US Bankruptcy Code on September 2, 2009 with the support of its senior investors in an effort to restructure a complicated balance sheet with many unmanageable liabilities. As a result of this latest transaction GigaBeam is in full operation as a private entity and out of Chapter 11. The public entity connected to symbol GGBM.PK is no longer operating and will continue through the bankruptcy process.
S. Jay Lawrence, GigaBeam’s CEO, stated “This has been a thorough and well managed process. I would like to thank our investor syndicate and in particular Midsummer Investment, the agent for the senior secured note holders, who led our investor syndicate, including Crescent Fund, Enable Capital Partners, Bushido Investments, and Rockmore Capital, for providing us the support and funding we required to undertake this endeavor. I would also like to thank all of our customers, vendors, employees, and other stakeholders for their support. We have completed the restructuring in record time and as a result the company is now healthier than it has ever been. I look forward to our future and to continuing to advance our business. We have come a long way and are looking forward to growing GigaBeam into a major provider of backhaul radio systems worldwide.”
GigaBeam has proven its ability to deliver world class communication solutions and now that it is unencumbered by debt expects to maximize its financial position. In keeping with the vision and strategy launched nearly two years ago, and given the engagement level with its client base, the Company anticipates a very bright future.
The Company would also like to note the professionals who helped guide the process including:
GigaBeam’s Corporate Counsel, Amy Trombly, of Trombly Business Law in Newton, MA with whom GigaBeam has had a long standing and productive relationship.
GigaBeam's Bankruptcy Counsel, Daniel K. Astin of Ciardi Ciardi & Astin, Wilmington, Delaware.
Investor’s Bankruptcy Counsel, Adam Friedman of Olshan Grundman Frome Rosenzweig & Wolosky LLP, New York.
Investment Banking services were provided by John Bambach of Focus Management Group.
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| August 12, 2009 High Data Rate Millimeter Wave Radios -IEEE Microwave Magazine article |
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| June 04, 2009 Broadband Breakfast Club |
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SkyTerra, International Broadband Electric Communications, and GigaBeam to present on Enabling Technologies on June 9 Broadband Breakfast Club
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| May 17, 2009 GigaBeam and SightLogix to present joint solution at FPED VII, May 19 -21, 2009 |
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GigaBeam and SightLogix to present joint solution at FPED VII, May 19 -21, 2009
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| December 21, 2008 December 2008 Letter to Shareholders and Customers |
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| August 20, 2008 GigaBeam Eclipses Fiscal Year 2007 Purchase Orders |
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| June 09, 2008 GigaBeam Announces General Availability of New Product Offerings Initial Orders Received for New Products |
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| May 20, 2008 GigaBeam Signs Distributor Agreement with Selcoms in the UK and Receives Two Initial Purchase Orders |
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| May 01, 2008 GigaBeam Announces New Round of Financing Secured Convertible Debenture totaling $2.28M |
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| April 28, 2008 April Letter to Shareholders |
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| March 17, 2008 March Letter to Shareholders |
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| February 24, 2008 GigaBeam Signs a Distribution Agreement with WAV® Distribution for North America |
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| February 19, 2008 GigaBeam Releases Letter to Shareholders, with Updates on Achievement of Cost Cutting Goals, Purchase Orders, and New Distribution Agreement |
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| February 19, 2008 February 2008 Letter to Shareholders |
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ITEXPO - Miami - January 20 -22, 2010
CEO, S. Jay Lawrence, will be speaking at the ITEXPO in Miami at the Miami Beach Convention Center on January 20, 2010, 2:45 pm. The topic of his presentation is "Solving the Distance. Wireless Backhaul Strategies" which will consider the benefits of a Hybrid Fiber + Wireless Network.
IEEE MTT International Microwave Symposium 2009
June 10, 2009
Boston Convention & Exhibition Center Doug Lockie, CTO of GigaBeam, will be a panel member during the IMS 2009 Wednesday luncheon panel entitled, Faster than Fiber: Enabling Multi-Gigabit Wireless Communication Links.
Click here for the IMS 2009 Program, see p.57
Broadband Breakfast Club
June 9, 2009
Clydes at Gallery Place, Washington DC GigaBeam has been invited to be part of a panel addressing the topic: Technologies that Enable Universal Broadband Connectivity during the June meeting of the Broadband Breakfast Club, which is sponsored by BroadbandCensus.com. NCLGISA Conference - IT Trends & Best Practices
May 27-29, 2009
The HIlton Hotel, Wilmington, NC NCLGGISA is an association of North Carolina local government information technology professionals, whose purpose is to assist its members in sharing experiences, ideas, and cooperative efforts to improve the effectiveness of local government information systems. The Spring 2009 Conference is focused on IT Trends and Best Practices.
Please visit GigaBeam at NEC's booth!
Click here to see the conference agenda Wireless and Mobile '09
May 20-21, 2009
Olympia Two, London, UK Wireless & Mobile 09 is the UK’s leading mobility event for those wanting to invest in wire-free technology and solutions that deliver true enterprise mobility. US Army Force Protection Equipment Demonstration
May 19-21, 2009
Stafford County Regional Airport, Stafford, VA SightLogix, Inc. maker of outdoor intelligent video surveillance systems for critical infrastructure protection and GigaBeam, the leader in multi-gigabit communication technology will present their joint solution at the US Army Force Protection Equipment Demonstration (FPED VII)
7th Annual Digital Africa Summit
May 19-21, 2009
Munyonyo Resort, Lake Victoria, Kampala, Uganda GigaBeam has been invited to participate in the 7th Annual Digital Africa Summit - Engaging positive change - an invitation only opportunity for CEO's CIO's and CTO's of Telecoms Operators, Governments, Regulators, ISP's, and solutions providers to learn and collaborate. The twin conference themes focused on Convergence Excellence and Innovation Excellence and three master-classes on Innovation, Knowledge and Intelligence Excellence, will stimulate the creative ideas needed to drive positive change in your organisation while ensuring the ICT industry in Africa realises it’s goal to be the key driver for social economic development and wealth creation across the region.
Click here to read the program |