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From: microcapstocks8 (Rep: 0)Date: 10/06/2009 11:37
Forum: OTC Market Alerts - Msg #244Thread #672781146 (Rec: 0)
GigOptix Announces New $750K DARPA SBIR Contract

BOTHELL, Wash.--GigOptix, Inc. (OTCBB:GGOX), announced today that it has been awarded a Defense Advanced Research Projects Agency (DARPA) Phase II Small Business Innovation Research contract in the amount of $749,895.00 to design and fabricate polymer devices after successful completion of Phase I milestones.

“With DARPA's confidence in our capabilities to develop superior electro-optic polymer materials, we are looking forward to continuing our work with them,” said Dr. Raluca Dinu, Vice President and General Manager of GigOptix-Bothell. “The final end product of the contract will be to economically produce high bandwidth, small chip, stable, low voltage, low loss, ultra linear polymer directional coupler modulators. To reach that objective, there is a lot of work to be done, but we are up to the job and feel confident that we can accomplish the tasks set before us.”

About GigOptix Inc.

GigOptix is a leading fabless manufacturer of electronic engines for the optically connected digital world. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and TIAs for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 120G. For more information, please visit www.GigOptix.com.

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