PALO ALTO, Calif.--(BUSINESS WIRE)--GigOptix Inc. (OTCBB: GGOX), a leading provider of electronic engines for the optically connected digital world, announced today the continuation of their contract with the US Air Force Research Laboratory, valued at approximately $2.7 million over the next 12 months, to carry on fabricating reliable, low driving voltage, electro-optic modulators using GigOptix's high-performance organic polymers.

"The demand for satellite systems and phased array radar that require reliable high-bandwidth electro-optic modulators with low driving voltages and wide bandwidths persists," stated Dr. Raluca Dinu, Vice President of Advanced Development at GigOptix. "We continue to meet the requirements requested by the Air Force Research Laboratory and are privileged to be able to foster the relationship."

Due to their high electro-optic coefficient and low dielectric constant, GigOptix' electro-optic polymers are well suited to meet the high-bandwidth, reduced weight and size, and immunity to electromagnetic interference requirements, that is crucial for many military 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 http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.GigOptix.com&esheet=5909020&lan=en_US&anchor=www.GigOptix.com&index=3.

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' 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.

Contacts

GigOptix Inc.
Parker Martineau, 650-424-1937 x102 (Media)
Corporate Communications Manager
pr@gigoptix.com
or
Alliance Advisors, LLC
Alan Sheinwald, 914-669-0222 (Investor Relations)
President
asheinwald@allianceadvisors.net