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GigOptix Expands ASIC Presence in Japan With Appointment of Solekia Ltd., as Its Distributor in Japan for Its ASIC Product Fami

^{Published on 2010-12-07 09:25:42 - Market Wire}
 

PALO ALTO, Calif.--([ BUSINESS WIRE ])--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 signed Solekia Ltd., a leading distributor of electronic components and information technology, to expand its ASIC product distribution in Japan.

"We are very pleased to represent GigOptix"

Under the agreement, Solekia will offer GigOptixa™ Structured ASIC devices and Standard Cells along with local design and sales support to Japanese customers focusing particularly on the Industrial and Medical markets. Midoriya Electric Co. will continue to be the sole distributor for GigOptixa™ optical and RF sales in Japan.

aSolekia is a superb addition to the GigOptix distributor network. They have excellent technical expertise and deep customer relationships with over 20 years of experience in providing ASIC solutions to Japanese customers, particularly in the Industrial and Medical markets,a stated Anil Chaudhry, GigOptix Director of Marketing for the ASIC products. aGigOptix, with our expertise in Structured and Standard ASIC, has taped out over 2000 designs and our Structured ASIC technology is particularly suited for the Industrial and Medical applications in Japan. Solekiaa™s reputation for providing dedicated customer service and superior technical support to the ASIC customers will greatly enhance GigOptixa™ cost effective solutions and best-in-class service for the Japanese market.a

aWe are very pleased to represent GigOptix,a said Takashi Miura, General Manager, System Business Group of Solekia in Japan. aThis partnership will enable us to provide our customers with an enhanced and cost-effective portfolio of Structured ASIC and Standard Cell solutions for the Industrial and Medical applications. Solekia has a long history of providing successful ASIC solutions to major Japanese customers and we believe that GigOptixa™ ASIC technology and market focus closely aligns with Solekiaa™s expertise and that this partnership will be mutually beneficial for successfully deploying GigOptixa™ ASIC products in the Japanese market.a

About Solekia Ltd.

Solekia is a leading trading company handling semiconductor and component devices. Solekia develops high value added custom LSI and sells RF tags related products, small LCD monitors for growing pervasive computing, security products, personal storage and network related products. Solekia has completed 500 designs since 1988. Solekia design center has successfully designed a mobile WiMax to realize a next generation high speed communication.

[ 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.

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.