GigOptix nabs $1 million in financing from North American investor

NOVEMBER 14, 2008 -- GigOptix LLC (search for GigOptix), provider of electronic engines for the optically connected digital world, has signed a purchase agreement with a North American investor to invest $1 million in GigOptix LLC.

This funding will immediately follow the Lumera shareholder approval of the GigOptix merger with Lumera Corporation, expected on December 4, 2008.

"We are delighted to add a quality investor to our shareholder base; we continue to diversity our ownership to secure a solid financial foundation for the company and to strengthen the GigOptix LLC and future GigOptx, Inc. balance sheet," reports Dr. Avi Katz, chairman of the board of directors and CEO of GigOptix LLC and future GigOptix Inc.

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