Loea Moves Headquarters to Honolulu; Slates Manufacturing for Hawaii

Business Wire, June 30, 2006

HONOLULU -- Loea Corporation announced today it is making Honolulu, Hawaii the Corporate Headquarters for its high-speed, high-bandwidth wireless communications company. Loea's executive and business development functions will be based out of downtown Honolulu while its research and next-generation product development will continue in Kahului, Maui. Manufacturing for new products will be conducted in Hawaii.

"We are committed to building Loea Corporation's work force in Hawaii and our customer base locally, nationally and internationally," said Admiral Thomas B. Fargo, USN (Ret), Chairman and CEO of Loea Corporation. "This is an exciting time for us as we prepare for the launch of our new product line which will provide increased bandwidth and functionality."

Loea is currently the world's only supplier of FCC-certified radios operating in the millimeter wave spectrum from 71.0-76.0 and 81.0-86.0 GHz bands. Our Loea 2500 radios transfer 1.25 gigabits of information instantly and can be a superior alternative to costly fiber optical cable. Additionally, Loea's radios are an excellent solution for redundant communications needs especially for post-disaster communications. Loea's next-generation system will expand bandwidth capabilities to 2.5 gigabits per second. This research, product development, and testing is underway in Kahului.

In addition to Loea installations throughout the continental U.S., there are several Loea links operating in Hawaii at this time. The U.S. Coast Guard transfers data across Honolulu Harbor using Loea radios while the University of Hawaii's Institute of Marine Biology transfers data between Coconut Island and Windward Community College. Loea was selected by Siemens to be part of its team to demonstrate wireless communications for the U.S. Army at Pohakuloa Range last year. General Dynamics recently purchased three Loea links for the Pohakuloa project in Hawaii.

About Loea:

Loea Corporation is the market leader in wireless communications in the 71.0-86.0 GHz bands. Loea was the first to develop wireless, point-to-point communications technology to operate in the millimeter-wave spectrum from 71.0 to 86.0 GHz. Loea successfully petitioned the FCC to gain access to this spectrum for commercial use in 2001 and was first to receive commercial FCC approval in July 2005. Loea is currently the world's only supplier of FCC-certified radios operating in both the 71.0-76.0 and 81.0-86.0 GHz frequency bands. For more information, go to www.loeacom.com.