| JULY 14-16, 2014

Molex and KiloLambda announce $1-million grant to develop Multi-Wavelength Source

Molex Inc. and KiloLambda Technologies Ltd. have signed an agreement for collaboration in the development and marketing of a Mutli-Wavelength Source (MWS). The project is based on KiloLambda's proprietary technology to generate hundreds of highly stabilized wavelengths in a narrow spacing as low as 1 MHz.

KiloLambda will develop the chip and sub systems that generate the wavelengths while Molex will develop the chip-to-fiber coupling interfaces as well as the marketing and sales of the final product.

The project was evaluated by examiners from the American National Institute of Standards and Technology (NIST) and by the Office of the Chief Scientist of the Israeli Ministry of Industry and Trade. Following the examiners recommendations, the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation Board of Governors approved the project and a grant for $1 million.

The BIRD Foundation, based in Israel, promotes strategic partnerships between Israeli and American companies in various technological fields. The BIRD Foundation funds projects without taking any equity. Funds are repaid only as royalties on actual sales. In projects that do not reach actual sales, BIRD participates in the risk without demanding repayment of its investment.

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