Founded in January 2004 by two widely acknowledged experts in the field of millimeter wave wireless technology, GigaBeam, based in Durham, North Carolina, is fast earning distinction as the Company with the solution to overcome the numerous impediments to pervasive high speed broadband delivery. Driven by the efforts of GigaBeam’s co-founders, on October 16, 2003, the U.S. Federal Communications Commission (FCC) authorized commercial licensing rules for this very high frequency spectrum, creating the opportunity to bring WiFiber to market. These new ultra-high frequency bands are the only ones that allow wireless fiber-equivalent speeds with reliability similar to terrestrial fiber. WiFiber, by providing last mile access and backhaul, is complementary to both Wi-Fi and WiMax. Users pay a nominal one-time fee for a point-to-point license that has a 10-year term. Licensing approval typically takes less than 24-hours.