GigOptix Inc. Announces Extension of DARPA Research Contract
Source/Type: Company News Releases

June 19, 2009... Palo Alto, California USA--GigOptix Inc., a leading provider of electronic engines for the optically connected digital world, announced today the extension of their contract with DARPA MTO and with SPAWAR PACIFIC as the contracting agency. The additional work requested is to fabricate low driving voltage, broadband Mach-Zehnder (MZ) modulators using GigOptix’s Electro-Optic (EO) polymer material for operation at very low temperatures for applications in supercomputers. The extension of $346,000 brings the total value of the contract to approx $6.1M and opens new areas for use of the modulators.

"Due to their intrinsic properties, the EO materials incorporated in GigOptix’s high speed polymer modulators have the potential to operate not only with low driving voltage but also at very low temperatures. Our technology is capable of effectively addressing all these requirements simultaneously," said Dr. Raluca Dinu, Vice President and General Manager of GigOptix-Bothell business unit. "We are excited that GigOptix's EO polymer technology has once more proven its breadth and applicability for demanding military applications. We are continuing in parallel to commercialize the modulator for telecom applications and prove that EO polymers can offer the reliability requested by the industry."

Electro-optic polymer devices are well suited to deliver on the size, weight and power, high-bandwidth, and immunity to electromagnetic interference requirements that are crucial for many defense applications.

About GigOptix Inc.
GigOptix is a leading fabless manufacturer of electronic engines 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. For more information, please visit www.GigOptix.com.

Forward-Looking Statements
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements by GigOptix regarding its expected financial position, revenues, cash flow and other operating results, business strategy, financing plans, forecasted trends related to the markets in which it operates, and similar matters are forward-looking statements. GigOptix's actual results could be materially different from its expectations because of various risks to its business. Many of these risks are discussed under the caption "Risk Factors" in GigOptix's registration statement on Form S-4 on file with the SEC. Except for any obligation to disclose material information under the Federal securities laws, GigOptix undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this document.

Source: GigOptix Inc.
GigOptix Inc.

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