GigOptix Signs Purchase Agreement with a North American Investor

GigOptix LLC, a leading provider of electronic engines for the optically connected digital world announces that they have signed a purchase agreement with a North American investor to invest $1M 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 diversify our ownership to secure a solid financial foundation for the company and to strengthen the GigOptix LLC and future GigOptix, Inc. balance sheet,” stated Dr. Avi Katz, chairman of the board of directors and chief executive officer of GigOptix LLC and future GigOptix, Inc.