SAN JOSE, Calif., Apr 23, 2012 (BUSINESS WIRE) —
GigOptix, Inc. (otcqx:GGOX) (“GigOptix”), a leading fabless supplier of
semiconductor and optical components that enable high speed information
streaming, announced that its common shares have been approved for
listing on the NYSE Amex beginning on Wednesday April 25, 2012 under the
ticker symbol “GIG”.

“We are very pleased with the listing of our shares on the NYSE Amex, as
this represents another significant milestone on our company’s 2007 5
years planned road-map,” said Dr. Avi Katz, Chairman of the Board of
Directors and CEO of GigOptix. “Since our inception as a true bootstrap
entrepreneurship high-tech start-up and with no traditional funding to
support the inception and growth, we have delivered strong growth in the
market of high-speed end-to-end information streaming targeting telecom
and datacom optical communications, ASIC and RF microwave and millimeter
wave systems. We believe that our NYSE Amex listing will broaden our
stockholder base, provide access to new sources of capital and give our
long term loyal and supportive stockholders an efficient national
exchange in which to trade.”

“We welcome GigOptix to the NYSE Euronext family of listed companies and
onto the NYSE Amex,” said Scott Cutler, Executive Vice President, NYSE
Euronext. “The NYSE Amex helps companies like GigOptix and its
stockholders benefit from our superior trade execution, our
relationships with institutional investors and our extensive suite of
investor relations services. We look forward to building a strong and
lasting relationship with GigOptix’s management and stockholders.”

About GigOptix

GigOptix is a leading fabless supplier of semiconductor and optical
components that enable high-speed end-to-end information streaming over
the network and address emerging high-growth opportunities in the
communications, industrial, defense and avionics industries. The Company
offers a unique broad portfolio of Drivers, TIAs and TFPS(TM)
optical modulators for 40G and 100G fiber-optic telecommunications and
data-communications networks, and high performance MMIC solutions that
enable next generation wireless microwave systems up to 90GHz and
drivers,. GigOptix also offers a wide range of digital and mixed-signal
ASIC solutions and enables product lifetime extension through its
GigOptix Sunset Rescue Program. To learn more about GigOptix,
visit
www.gigoptix.com .

Forward Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
including the bringing of products to market with full documentation.
Such statements contain words such as “will,” and “expect,” or the
negative thereof or comparable terminology, and include (without
limitation) statements regarding growth, opportunities, continued
traction, contracts, and improvement. Forward-looking statements involve
certain risks and uncertainties, and actual results may differ
materially from those discussed in any such statement. These risks
include, but are not limited to: whether the listing conditions for
listing the Company’s common stock on the NYSE Amex remain satisfied
until GigOptix common stock is listed on the NYSE Amex, factors that may
affect the integration and results of GigOptix’ merger with Endwave,
unexpected occurrences that deter the full documentation and “bring to
market” plan for products that were developed this year and last year,
trends and fluctuations in the industry, changes in demand and
purchasing volume of customers, unpredictability of suppliers, our
ability to attract and retain qualified personnel, the ability to
compete for client design-in opportunities, the ability to cross-sell to
new clients and to diversify, the success of product sales in new
markets or of recently produced product offerings, including bundled
product solutions, the amount of cost savings, the ability to improve
productivity, the ability to pursue and attract other MA opportunities,
further adjustment to the Endwave restructuring expenses, and the
ability to maintain and continue relationships with government agencies.
Additional factors that could cause actual results to differ are
discussed under the heading “Risk Factors” and in other sections of the
company’s filings with the SEC, and in the company’s other current and
periodic reports filed or furnished from time to time with the SEC. All
forward-looking statements in this press release are made as of the date
hereof, based on information available to the company as of the date
hereof, and the company assumes no obligation to update any
forward-looking statement.

SOURCE: GigOptix, Inc.

        
        Media: 
        GigOptix, Inc. 
        Parker Martineau, 408-522-3100 
        Corporate Communications Manager 
        pmartineau@gigoptix.com 
        or 
        Investor Relations: 
        The Blueshirt Group, LLC 
        Matthew Hunt, 415-489-2194 
        Account Manager 
        matt@blueshirtgroup.com
        

Copyright Business Wire 2012