GigOptix, Inc. (NYSE MKT: GIG), a leading fabless supplier of semiconductor and optical components that enable high speed information streaming, today announced that it has signed Altima Corporation, a subsidiary of Macnica Group, to be their Japanese distributor of optical and RF/MMIC products.

Under the terms of the agreement, Altima will distribute GigOptix’s optical and RF/MMIC products throughout Japan. These products are particularly well suited for the Telecom, Datacom and consumer markets and align very well with Altima’s current line card offerings.

“Altima is a superb addition to the GigOptix distributor network. They have excellent technical expertise and deep customer relationships with Japanese and Global customers,” stated Dr. Avi Katz, Chairman and CEO for GigOptix. “Altima’s reputation for providing dedicated customer service and superior technical support to their Japanese electronics and IT customers will greatly enhance the penetration of GigOptix’s revolutionary solutions into and for the Japanese market.”

“We are very pleased to represent GigOptix,” said Akinobu Miyoshi, President of Altima. “This partnership will enable us to provide our customers with an enhanced and cost-effective portfolio of optical and RF solutions for their varied applications. Altima has a long history of offering innovative and quality solutions to major Japanese customers and we believe that GigOptix’s technology and market focus closely aligns with Altima’s expertise and that this partnership will be mutually beneficial for the Japanese market.”

About Altima Corporation

Altima was founded in 1991 as a 100% subsidiary of Macnica, Inc. to become "the Unparalleled #1 Value-Added Distributor" in the Japanese electronics and IT industries. Altima has specialized in providing high-value-added ICs, electronic components, subsystems, systems and software to the wide range of customers in Japanese electronics, information and communications industries with in-depth technical support. Presently, Altima handles in excess of 30 lines, including subsystems and systems, and moreover, supports other Asia Pacific territories through Macnica Group worldwide.

About GigOptix, Inc.

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

Copyright Business Wire 2010