LOWELL, Mass., Sept. 20, 2012 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("M/A-COM Tech"), a leading supplier of high performance analog semiconductor solutions, today announced that the Santa Clara County Superior Court has denied a Renewed Motion for Preliminary Injunction sought by GigOptix, Inc. (NYSE MKT:GIG) against M/A-COM Tech, its subsidiary Optomai, Inc. and individual defendants formerly employed by GigOptix and currently working for M/A-COM Tech.
This decision marks the second time that the Court has denied such a motion by GigOptix, this time following extensive forensic and documentary discovery by the parties and presentation of related arguments and expert testimony to the Court in a hearing on GigOptix's motion held on September 13, 2012. GigOptix originally filed suit in April 2011, concurrently with M/A-COM Tech's announcement of its acquisition of Optomai. In July 2011, GigOptix sought a temporary restraining order and thereafter an injunction, both of which were denied by the Court.
"We are very pleased that the Court ruled on the motion decisively and in our favor," said Chuck Bland, Chief Executive Officer of M/A-COM Tech. "The Optomai team continues to deliver market leading products for the benefit of our customers, and our Optoelectronics product line continues to enjoy our full support.""We believe that GigOptix's suit is a thinly-veiled attempt to derail our legitimate success in the Optoelectronics market," said Jihye Whang, VP and Chief Strategy Officer of M/A-COM Tech. "While the suit remains pending, we are pleased at this latest victory, will continue to defend ourselves vigorously against GigOptix's allegations, and remain focused on ramping production and serving our customers." ABOUT M/A-COM TECHNOLOGY SOLUTIONS M/A-COM Technology Solutions ( www.macomtech.com ) is a leading supplier of high performance analog semiconductor solutions for use in radio frequency (RF), microwave, and millimeter wave applications. Recognized for its broad portfolio of products, M/A-COM Tech serves diverse markets, including CATV, wireless infrastructure, optical communications, aerospace and defense, automotive, industrial, medical, and mobile devices. M/A-COM Tech builds on more than 60 years of experience designing and manufacturing innovative product solutions for customers worldwide. Headquartered in Lowell, Massachusetts, M/A-COM Tech is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. M/A-COM Tech has design centers and sales offices throughout North America, Europe, Asia and Australia.