Press Release

October 3, 2005 - Wave7 Optics Announces First Customer for New Trident7 Optical Access Platform - Falcon Broadband to Construct FTTP Network for 22,500 Homes in the Colorado Springs Area

LAS VEGAS - October 3, 2005 - Wave7 Optics Inc., a leading supplier of fiber-to-the-home and -premises (FTTH/FTTP) broadband network equipment for residential and business services, today announced the first customer for their Trident7 Optical Access Platform - Falcon Broadband, a CLEC (competitive local exchange carrier) based in Colorado Springs.  Falcon Broadband will deploy the Trident7, a "universal PON" system introduced here today at the FTTH Conference and at the Broadband World Forum Europe conference in Madrid, to build a triple-play FTTP network that will connect 22,500 homes in the Colorado Springs, Colorado area. 

Falcon is targeting many mixed-use residential and commercial subdivisions in the Colorado Springs area, which are projected to grow rapidly.  To that end, Falcon has negotiated agreements with developers to connect new homes and businesses with the Trident 7 FTTH systems provided by Wave7 Optics.  Falcon currently has thousands of homes and commercial space under contract and expects to have thousands of more homes signed for the Wave7 deployment in the next several months.

"As we have immediate customer requirements, we want to deploy Wave7's equipment right away and the Trident7 is perfect for our needs now and in the future," said Randy DeYoung, President and CEO of Falcon Broadband.  "Our LML customers will be fully supported with new features going forward and our GPON deployments will grow in features as the standards are improved.  We like too that Wave7 makes it even easier for us to do this as we can serve both sets of customers from the same rack of central office equipment.  Furthermore, their advanced RF-return capability will make our network completely interactive, an important feature when it comes to take rates and reducing churn."

After the recent acquisition of a CLEC and other key facilities in the area, Falcon Broadband now has more than 250 miles of fiber running throughout Colorado Springs and the nearby town of Falcon, putting them in a position to offer FTTP almost anywhere in the city and immediate vicinity.  Falcon already has deployed FTTP to parts of Falcon and to a new development called The Gables, a project done in conjunction with Windom Community Developers in the Falcon Metro District. The builders at the present time are John Laing Homes and Beazer Homes. 

The Trident7 system fully supports the two emerging dominant FTTP standards -- IEEE 802.3ah Ethernet in the First Mile (EFM) and ITU-T G.984 Gigabit-capable PON (GPON) - as well as Wave7's widely deployed Ethernet Last Mile Link (LML) technology.  Wave7 will begin shipping, before the end of 2005, the Trident7 equipped with LML blades and will enable GPON mode for Falcon in early 2006 and thereafter.  Falcon will connect its first customers using LML links and then switch over to GPON exclusively after it becomes available, after standards-compliant GPON chips begin shipping in early 2006. 

"Falcon Broadband represents exactly what we had in mind for service providers looking for the ultimate in flexibility and interoperability with low upfront costs and network expansion on a pay-as-you-grow basis," said Tom Tighe, CEO of Wave7 Optics.  "Falcon has solid operating credentials and an exciting business plan to deliver the best in broadband services to their region."

About Falcon Broadband

Falcon Broadband is a premier communications provider located in Colorado Springs, CO and operating in various local markets.  They offer "triple-play" services which include digital television (with interactive services), true broadband Internet (up to 100 Mbps) and telephone (traditional as well as VoIP).  The company soon will add security services on top of the triple-play package.  Services are bundle priced, allowing for significant savings when purchasing more than one service.  Their customer-first philosophy, top-rated technical staff, and bundled pricing allow them to provide premier quality communication services at reasonable rates. Their motto is "One Company, One Provider, One Bill.  For more info see http://www.falconbroadband.net/. 

About Wave7 Optics

Wave7 Optics has established itself as an industry leader in optical broadband access systems with an expanding FTTP product portfolio featuring a variety of architectural options, based on IP and Ethernet or ATM standards, for "triple play" voice, video and data services.  The company's patented Last Mile Link and Trident7 systems are gaining market share rapidly around the world with service providers in the IOC, CLEC, MSO, municipal, utility and real estate development categories.

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