GigOptix Expands Global Sales Presence Into South America And Eastern Europe

GigOptix, Inc. (NYSE Amex:GIG), a leading fabless supplier of semiconductor and optical components that enable high-speed information streaming, today announced that it has expanded its global sales presence with customer engagements in both Eastern Europe and South America.

Dr. Avi Katz, Chairman and CEO of GigOptix, and Mr. Andrea Betti-Berutto, CTO of GigOptix, have been invited to participate in a Government-Industry workshop titled “Towards Terabit per Second Optical Networking: International Workshop on Trends in Optical Technologies” in San Paulo, Brazil on May 9-10, 2012, and Mr. Betti-Berutto will present the GigOptix technology approach to the topic on Thursday, May 10 at 2:20 p.m. local time. The participation in this workshop closely complements the growing interest in GigOptix products for 100G and beyond in the region.

Moreover, GigOptix is now shipping production units of the LX8901 and LX8220, a 100G DPSK and a 40G DQPSK TFPS TM Mach Zehnder modulator, respectively, to aerospace and communication customers located in Eastern Europe. “The LX8901 is unique in that it provides a low drive voltage over a very wide optical bandwidth of up to 65GHz,” commented Mr. Betti-Berutto, “making it uniquely suited for a number of ultrahigh frequency applications in the field of microwave photonics such as antenna remoting, RF beam steering and ultrahigh frequency signal sampling.”

“Five years ago, GigOptix’s customer base was located in the traditional optical development centers, mainly in North America and Europe,” stated Mr. Padraig OMathuna, GigOptix’s VP of Marketing. “It is exciting to see the growth in optical communication development as we have extended our reach to the Japanese and Chinese markets over the last couple of years, and now spreading into the new fast growing regions, as the global economy expands. GigOptix is dedicated to supporting the growth of high-speed end-to-end information streaming targeting telecom and datacom optical communications, military, aerospace, ASIC and RF microwave and millimeter wave systems and we look forward to working closely with these highly innovative new companies as they expand into new optical communication markets.”

About GigOptix, Inc.

GigOptix is a leading fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The Company offers a unique broad portfolio of Drivers, TIAs and TFPSTM optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks, and high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers. GigOptix also offers a wide range of digital and mixed-signal ASIC solutions and enables product lifetime extension through its GigOptix Sunset Rescue Program.

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 the impact of the acquisition with respect to the success of product sales in new and expanding markets, the ability to integrate the teams, the new management structure and the new directors, 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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