GigOptix Adds Industry Veteran Sushil Kumar as
Sr. Director of IC Development to Lead Engineering Efforts for the
Wireless Product Line
GigOptix, Inc (NYSE MKT: GIG), a leading supplier of advanced
high speed semiconductor components for use in long-haul, metro,
Cloud connectivity, data centers, consumer electronics links and
interactive applications, through optical and wireless
communications networks, today announced leadership position in
point-to-point (PtP) wireless backhaul with production volume
delivery and continuous revenue growth of E-Band radio chipsets,
and, the appointment of industry veteran Sushil Kumar to the newly
created role of Sr. Director of IC Development for the Wireless
Product Line. Mr. Kumar’s appointment is effective immediately.
Strong Wireless Product Line Growth
Holding true to GigOptix’s innovative business strategy to gain
access to advanced technologies and partner with some of the most
highly skilled technical teams in the world, GigOptix’s Wireless
Product line was launched in June 2012 when GigOptix augmented its
internal GaAs power amplifier program with the license of the
Silicon Germanium Millimeterwave Technology from IBM for E-band
chipsets, for both 71-76GHz and 81-86GHz frequency bands.
“Today we are proud to announce that we have received a
substantial purchase order of $1.5 million of our leading E-Band
devices from one Tier 1 customer. In comparison, the total fiscal
2013 revenue from the Wireless Product Line was $1.7 million. With
the strong demand that we have seen so far this year, and
considering our current GaAs power amplifier backlog, the Wireless
Product Line is in an excellent position to about double the
revenue of E-Band devices in 2014 compared to the previous year,”
said Dr. Raluca Dinu, Vice President and General Manager of the
High-Speed Communications division at GigOptix, Inc.
GigOptix EXP7602-DNT and EXP8603-DNT devices were the first GaAs
E-band high performance power amplifiers with general availability
- since September 2013 – and include integrated power detectors
specifically designed to meet ANSI and ETSI requirements. Among
other best in class RF performance metrics, the amplifiers have
exceptionally good linearity, OIP3’s better than 31dBm, and typical
power dissipation lower than 2.2W.
“This is an exciting time at GigOptix for the wireless product
team with such positive acceptance of our products in these early
stages of the market. With increasing shipments of RF chipsets we
have great momentum to continue to lead the market with best in
class differentiated products. The Wireless Product Line is
following a visionary path demonstrating GigOptix’ relentless
roadmap innovation.” said Dr. Dinu. “GigOptix’s roadmap continues
to lead the industry with improved performance, lower costs, and
higher levels of integration. Customers can expect to receive
samples of the new integrated SiGe transceiver chipset in Q3 fiscal
2014.”
The E-Band radio market, still in its early stages only two
years ago, is entering its maturity stage with significant volume
deployment. Market estimates are that approximately 3,000 E-Band
radios per month are currently being shipped and, based on strong
demand from Tier 1 customers, the number of deployed radios is
expected to grow to 6,000 per month with total shipments in 2014 in
excess of 50,000 radios. The demand for E-Band radios in the first
few months of 2014 has been very strong, driven by the deployment
of LTE cellular infrastructure in support of the ever growing
demand for mobile data for smartphones. If the current trend
continues it is expected that in 2015 the E-Band radio will become
one of the most deployed solutions for wireless back-hauling with
volumes in the range of 200,000 radios in 2015 and doubling in
2017.
The deployment of small cells will be part of the second wave of
LTE deployment with volume installation to start in 2015 and it
will be addressed by V-Band devices, 60GHz band. With small cell
density expected to be one order of magnitude greater than regular
cells in urban areas, the demand for V-band radios is expected to
boom in the next two years with volumes at much higher than E-Band.
GigOptix is also uniquely positioned to be a dominant supplier in
V-band chipsets based on our specialized core skills, leading RF
performance, and disruptive roadmap.
According to EJL Wireless Research’s 9th Edition (May 2013) of
the Global Digital PTP Radio Market Analysis and Forecast,
2013-2017 report, a shift towards high capacity radios will
continue to drive more value added products in the market, based on
4G networks launched in 2010 and continuing deployments through
2015. The market report accounts for the impact of microcells, as
well as the demand for new sites and capacity upgrades within the
mobile infrastructure market. At 60GHz Gigabit Ethernet unit
shipments are forecasted to grow from 20,000 in 2014 to 200,000 in
2017. At 70/80GHz Gigabit Ethernet unit shipments are forecasted to
grow from 18,000 in 2014 to 120,000 in 2017. Gigabit Ethernet is
expected to dominate the 60GHz and 70/80GHz frequency bands in the
forecast period.
Wireless Product Line Engineering Leadership
With this rapid business growth and customer demand, GigOptix
appoints industry veteran Sushil Kumar to the newly created role of
Sr. Director of IC Development for the Wireless Product Line. Mr.
Kumar, who will be based at GigOptix’s headquarters in San Jose,
will be leading the engineering teams for the Wireless Product
Line.
“Now that significant GigOptix product shipments have started to
ramp, we hired Mr. Sushil Kumar to take the next generation of the
E-Band and other wireless band products to the next level. I am
happy to welcome Sushil to the GigOptix team. Sushil has more than
25 years of high speed RFIC and MMIC transceiver development
experience to benefit GigOptix,” said Mr. Andrea Betti-Berutto,
Senior Vice President and Chief Technical Officer at GigOptix, Inc.
“Sushil will lead our advanced RF and E-Band initiatives and will
help us accelerate our development of the next-generation mmWave IC
transceivers.”
Prior to joining GigOptix, Mr. Kumar held Director of
Engineering role at RFMD. At RFMD Mr. Kumar led GaN and GaAs MMIC
development in the San Jose design center. Mr. Kumar’s experience
includes participation in more than 100 MMIC designs with
frequencies from near base band up to E-Band. Additionally Mr.
Kumar worked in various engineering and research roles for more
than 20 years, including Sr. RFIC/MMIC Design Engineer at Avago
Technologies in San Jose, Sr. RFIC/MMIC Design Engineer at Agilent
Technologies in San Jose, Design Engineer at Hewlett Packard in
Santa Clara, and a Senior Scientist at the Defense Research and
Development Organization in India. Mr. Kumar has published numerous
RF papers, has been awarded 3 patents, and is actively involved in
activities of the IEEE and International Microwave Symposium. Mr.
Kumar begins his role at GigOptix immediately.
For sales inquiries please contact Sales@gigoptix.com.
Financial Results Webcast / Conference Call On May 1,
2014
GigOptix will host a conference call and webcast to discuss the
E-band contract, the first quarter fiscal 2014 financial results,
and it business outlook on Thursday, May 1, 2014 at 2:00 p.m.
Pacific Time (5:00 p.m. Eastern Time). Investors and other
interested parties may access the call by dialing (480) 629-9760.
No passcode is needed for the live call. The replay dial-in number
is (858) 384-5517, and the passcode is 4678214. Additionally, this
conference call will be broadcast live over the Internet and can be
accessed by all interested parties on the Investor Relations
section of the Company's website at http://www.gigoptix.com.
About GigOptix, Inc.
GigOptix is a leading fabless supplier of high speed
semiconductor components that enable end-to-end information
streaming over optical and wireless networks. The products address
long haul and metro telecom applications as well as emerging
high-growth opportunities for Cloud and data centers connectivity,
and interactive applications for consumer electronics. GigOptix
offers a unique broad portfolio of drivers and TIAs for 40Gbps,
100Gbps and 400Gbps fiber-optic telecommunications and
data-communications networks, and high performance MMIC solutions
that enable next generation wireless microwave systems up to
90GHz.
GigOptix also offers a wide range of digital and mixed-signal
ASIC solutions in a wide range of technology geometries from 28nm
to 0.6um, and enables a complete product life cycle support form
swift introduction of new product through its ASIC SunriseTM
program to extension of legacy products through its GigOptix Sunset
RescueTM program.
Forward-Looking Statements
This press release contains forward-looking statements of
GigOptix 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 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 the plans for
GigOptix, new product development and introduction, product sales
growth and projected revenues. 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: the ability to extend product
offerings into new areas or products, the ability to commercialize
technology, unexpected occurrences that deter the full
documentation and "bring to market" plan for products, trends and
fluctuations in the industry, changes in demand and purchasing
volume of customers, unpredictability of suppliers, the ability to
move product sales to production levels, 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, and the ability of GigOptix in
furtherance of its operational objectives. Additional factors that
could cause actual results to differ are discussed under the
heading "Risk Factors" and in other sections of the GigOptix'
filings with the SEC, and in its 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 GigOptix as of the
date hereof, and GigOptix assumes no obligation to update any
forward-looking statement.
GigOptix, Inc.Dr. Josh Nakaska, 408-522-3172 (Media)Marketing
Directorjnakaska@gigoptix.comorDarrow Associates, Inc.Jim Fanucchi,
408-404-5400 (Investor Relations)ir@gigoptix.com
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