GigOptix, Inc. Announces Key Design Wins in 40G and 100G High Speed Optical Communication Systems

GigOptix, Inc. (OTCBB:GGOX), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced that it has received significant orders for both its GX3220 40G transimpedance amplifier (TIA) and its GX62455 100G Mach-Zehnder (MZ) optical modulator driver devices from a number of new Tier 1 customers.

GigOptix expects these initial purchase orders will be delivered in the first half of 2011 with the potential to generate significant additional revenue in second half 2011 and into 2012.

“We are very happy to see our strategy of focusing on the high growth 40G and 100G markets bearing fruit” stated Padraig O’Mathuna, GigOptix Vice President of Marketing. “As the only pure play semiconductor vendor concentrating on the high speed optical space, we have established a very strong product portfolio in both the 40Gb/s RZ-DQPSK and the 100Gb/s DP-QPSK markets and we have won new customers and grown market share over the last couple of quarters with our high performance devices. Moreover, we are unique in the industry by offering the only Bundled Solution comprised of a Transimpedance Amplifier (TIA), Thin Film Polymer on Silicon (TFPS^TM) MZ modulator with a matched driver. Our Bundled Solution provides customers with a mechanism to reduce engineering expenditures and accelerate time-to-market on new products, as well as an opportunity to leverage GigOptix's industry leading low power solutions with greater cost efficiencies.”

GigOptix’s GX3220 is an industry leading low power differential input linear TIA designed for 40Gb/s RZ-DQPSK receiver applications with tunable frequency range enabling up to 32Gb/s, a high linearity and low harmonic distortion, and support for a variety of photodiodes. GigOptix's GX62455 is a high voltage output, 100Gb/s quad MZ modulator driver in a compact form factor GPPO module that includes integrated low and high frequency chokes and requires no external components. The connectors on the GX62455 have been designed to be form factor compatible with industry leading 100Gb/s multiplexer and modulators for simpler system integration.

Daryl Inniss, Vice President and Practice Leader at Ovum, commented, "The 40Gb/s and 100Gb/s DWDM markets are among the fastest growing segments in optical communications. Operators are now upgrading their networks from 10G/s to 40G/s and 100Gb/s as they seek to address the increasing bandwidth demands from consumers." In their most recent report on optical components, Ovum forecasted the 40Gb/s DWDM market would more than double from 2011 to 2015 and the 100Gb/s DWDM market would grow with a 250% CAGR over the same period.

About GigOptix, Inc.

GigOptix is a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G fiber-optic telecommunications and data-communications networks. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and receiver amplifiers for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G. GigOptix 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," “believes” 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 those risks described in GigOptix' 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.