GigOptix nabs $1 million in financing from North American investor

    Nov. 14, 2008
    NOVEMBER 14, 2008 -- GigOptix LLC has signed a purchase agreement with a North American investor to invest $1 million in GigOptix LLC.

    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.


    Visit GigOptix

    Continue Reading

    Sponsored Recommendations

    March 7, 2025
    In today’s hyperconnected world, rolling out and managing profitable, high-performance networks for access and transport will require innovative architectural approaches. The ...
    April 9, 2025
    As transceiver speeds increase, so do thermal challenges. Discover key insights into innovative cooling solutions that ensure optimal performance and reliability.
    March 10, 2025
    The continual movement around artificial intelligence (AI) cluster environments is driving new sales of optical transceiver sales and the adoption of linear pluggable optics (...
    April 10, 2025
    The value of pluggable optics in open-line systems is also becoming more apparent. This webinar describes this trend and explores how such modules can best be employed. Register...