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GigOptix Expands in China

PALO ALTO, Calif. — 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 the opening of two new offices in the Greater China region located in Wuhan and Shenzhen.

The new offices will be responsible for sales promotion, customer service, and technical support in China. GigOptix has operated in China since inception through its local representative, Pangaea (HK) Limited, enabling it to develop close partnerships with local industry leaders. GigOptix activities in China include partnering with local manufacturers to develop products targeted specifically for Chinese end-users.

“The new offices located at Luoyu Road, East Lake Hi-Tech Development Zone, Wuhan and Shennan Road, Futian District, Shenzhen demonstrate GigOptix’ commitment to not only its Wuhan and Shenzhen customers but also the broader China market,” commented Jay de la Barre, GigOptix, Inc. VP of Global Sales. “Our staff is composed of well-respected professionals with proven field experience, as well as extensive experience in telecom and datacom applications, support and service. The establishment of these new offices further confirms GigOptix’ commitment to developing a strong presence in the Chinese market.”

“China is strategically important to GigOptix. The expansion of our team in China is an important milestone in our continued commitment to building a strong presence in Asia and improving our service to customers,” said Dr. Avi Katz, Chairman and CEO, GigOptix, Inc. “China’s Optical Networking Market is growing rapidly and is expected to represent a TAM of $3B by 2015 according to Ovum, a leading international telecommunications research firm. With this in mind, and more importantly with our continuously growing business in China, we are increasing our local presence to better support our customers at their point of use, and capitalize on this attractive and rapidly growing market. With our two new offices, GigOptix now brings its full resources to China, including engineering, support, sales and marketing expertise that will enable GigOptix to better serve the needs of the local market.”

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