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GigOptix Announces First Commercial Samples of 40Gb/s Electro-Optical Polymer Modulators to Major Telecom OEMs.

PALO ALTO, Calif. -- GigOptix, Inc. (OTCBB:GGOX), a leading provider of electronic and electro- optic components for the optically connected digital world, today announced that the Company has sampled its LX8400, a 40G DPSK Mach-Zehnder Modulator (MZM) (http://products.gigoptix.com/polymer_modulators/54), to a Tier-1 telecom systems manufacturer in Asia. This marks the next step in GigOptix' progressive plans to commercialize its 40Gb/s and 100Gb/s modulators with different modulation formats during 2010.

This engagement signifies the first commercial sampling of thin film polymer on silicon modulators for a telecom application. More specifically, this represents the first of the GigOptix' modulator products to be sampled to a major telecom customer. Today's announcement is the culmination of nearly 8 years of development of the electro-optic thin film on silicon technology to create electro-optical polymer modulators that will set new performance thresholds for our industry and support 25 years of reliable operation at 850C. GigOptix expects to leverage this engagement along with its recently announced partnership with Sanmina-SCI (NASDAQ:SANM) to bring electro-optical polymer modulators to the telecom market in 2010. (http://ir.gigoptix.com/phoenix.zhtml?c=225697&p=irol-newsArticle_Print&ID=1404988&highlight=)

"We are very excited to be engaged with a major Tier-1 telecom systems manufacturer," states Raluca Dinu, Vice President & GM GigOptix Bothell. "Our modulators are nearly half the size of competing Lithium Niobate products, have equivalent or better optical and RF performance, and satisfy the required reliability standards of the industry. Since the modulator size generally determines the transponder size, our modulators can now enable much smaller 40G & 100G transponder form factors. This is a significant breakthrough within the telecom industry as telecom system manufacturers try to squeeze more ports onto their equipment chassis."

In their most recent forecast for Wide Area Network (WAN) optical components, Ovum projected that the total available market for external optical modulators will be $140 million in 2010 and more than double to $300 million in 2015. Of this amount more than 80% or $250 million is forecasted to be at 40Gb/s and above. Additionally, modulators will be required beyond the telecom market in defense, aerospace and supercomputing applications whose market size could potentially be equally as significant. The GigOptix thin-film polymer on silicon modulators have superior qualities at low temperature and under radiation which make them highly attractive.

For more information about the LX8400, please contact sales at sales@gigoptix.com.

About GigOptix, Inc.

GigOptix is a leading fabless manufacturer of electronic and electro-optic components for the optically connected digital world. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and TIAs for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G. GigOptix now also offers the widest range of mixed-signal and RF ASIC solutions in the market including Standard Cell, Hybrid and Structured ASICs targeting the Consumer, Industrial, Defense & Avionics industries. For more information, please visit www.GigOptix.com.

Forward Looking Statements

Statements made in this release, other than statements of historical fact, are forward-looking statements, including any statement that refers to expectations, projections or other characterizations of future events or circumstances and those which can be identified by the use of forward-looking terminology such as "expects," "plans," "may," "should," or "anticipates" and other similar expressions. Forward-looking statements are subject to a number of known and unknown risks, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include whether the appropriations bill will receive legislative approval and ultimately become law, whether GigOptix will receive any funding, whether the modulator developed by GigOptix will be used by the Air Force, and those risks described in GigOptix's periodic reports filed with the SEC, and in news releases and other communications. GigOptix disclaims any intention or duty to update any forward-looking statements made in this release.
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Publication:Business Wire
Geographic Code:1U9CA
Date:Apr 20, 2010
Words:656
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