N🟁N

GigOptix Files Lawsuit Against Optomai, Inc.; Former GigOptix Employees

  //science-technology.news-articles.net/content/2 .. ainst-optomai-inc-former-gigoptix-employees.html
  Published in Science and Technology on Monday, April 25th 2011 at 18:21 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

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, announces that it has filed a lawsuit against Optomai, Inc. and five former GigOptix employees in Santa Clara County Superior Court. GigOptix alleges in the lawsuit that the former employees violated confidentiality agreements with GigOptix by retaining and misusing confidential and proprietary GigOptix information to launch a competing company. According to allegations in the lawsuit, the former employees created Optomai, Inc. in 2009 and have begun selling products that directly compete with GigOptixa™s products. GigOptix further alleges that Optomai used GigOptix technology and intellectual property to develop its products in violation of California law and that it is now selling its products as the aOptomai Optoelectronicsa product line of MA-Com. GigOptix is seeking damages and injunctive relief.

"GigOptix is committed to zealously protecting its intellectual property. We will take every step necessary to protect the technology we have developed and to ensure that our rights, the value we have created for our shareholders and business success are not compromised."

GigOptixa™s Chairman of the Board and Chief Executive Officer, Dr. Avi Katz, stated, aGigOptix is committed to zealously protecting its intellectual property. We will take every step necessary to protect the technology we have developed and to ensure that our rights, the value we have created for our shareholders and business success are not compromised.a

[ About GigOptix ]

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, without limitation, the unpredictability of litigation including our ability to successfully claim damages, whether any award ultimately received will exceed the costs incurred and the length of time it will take to bring matters to final resolution, and other risks and uncertainties described in GigOptixa™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.