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GigOptix Signs Distributor Agreement With WPG Americas, Inc. for Their ASIC Product LinePALO 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 WPG Americas, Inc., (WPGA) one of the top three IC component distributors worldwide, as its sole distributor for ASIC sales in the Americas. Under the terms of the agreement, WPGA will distribute GigOptix's Standard Cell, Hybrid and Structured ASICs throughout the Americas. These ASIC products are particularly well suited for Mil/Aero, Industrial, Medical & Communication markets and align very well with WPGA's current line card offerings. "Our partnership with WPG Americas will further support our growing penetration into North, Central and South America ASIC market," stated Jay de la Barre, Vice President of Sales for GigOptix. "The breadth of experience and customer relationships of WPG Americas will be a great asset to GigOptix, and we look forward to a profitable and growing relationship." "WPG Americas is excited to add an ASIC solution for our customers, GigOptix has a strong portfolio for the Mil/Aero, Industrial, Medical & Communication markets," sad Greg Provenzano, North America Vice President of Sales and Engineering Solutions. "GigOptix products also align very well with WPGA's current line card offerings, and we look forward to expanding the market with them." For more information, please contact Roger Elliott at WPG Americas, Inc. at 480-392-8100 or [email protected]. About WPG Americas, Inc. WPG Americas, Inc., a member of WPG Holdings, is headquartered in San Jose. WPGA continues to aggressively put in place the type of organization that can deliver the same outstanding performance that we deliver in Asia. All markets will be serviced with experienced professionals tasked to support the North American marketplace. 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. GigOptix also offers the widest range of mixed-signal and 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's periodic reports filed with the SEC (News - Alert), and in news releases and other communications. GigOptix disclaims any intention or duty to update any forward-looking statements made in this release.
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