Press release
GigaTera Inc. receives US$ 2 million follow-on investment
from Cypress Semiconductor and its wholly owned subsidiary Silicon Light
Machines
November 27, 2001
Zurich, Switzerland and Sunnyvale, California - GigaTera Inc.,
a company developing high speed components for optical telecommunications
networks, announced today that it has received an investment of US$ 2
million in venture financing from Cypress Semiconductor and its wholly
owned subsidiary Silicon Light Machines, both based in Silicon Valley
California.
According to Andros Payne, CEO of GigaTera, "This investment and relationship with Cypress/Silicon Light Machines will help us to accelerate the development our first network-deployable product."Payne added, "We are pleased to receive such a strong endorsement of our team and technology from Cypress and Silicon Light Machines, both technically savvy industry players."
According to Robert Corrigan, Senior Vice-President of Silicon Light
Machines, "The investment relationship between Cypress/Silicon Light
Machines and GigaTera is based on the recognition of a strong set of complimentary
skills. There is significant potential for broader cooperation between
our organizations in the future." Corrigan will join the GigaTera
board as an observer.
About GigaTera
GigaTera Inc. is developing components for next generation optical networks.
The company is based near Zurich, Switzerland and has raised US$ 9 million
in venture capital to date. Information about GigaTera Inc. is available
on the Internet at www.gigatera.com
About Silicon Light Machines
Founded in 1994, Silicon Light Machines is a wholly owned subsidiary of
Cypress Semiconductor. Silicon Light Machines' unique Grating Light Valve™
(GLV™) technology is a means for switching, attenuating, or filtering
light used in optical component and imaging applications. Information
about Silicon Light Machines is available at www.siliconlight.com.
About Cypress Semiconductor
Cypress Semiconductor is "Driving the Communications Revolution"™
by providing high-performance integrated circuit solutions to fast-growing
markets, including data communications, telecommunications, computation,
consumer products, and industrial control. With a focus on emerging communications
applications, Cypress's product portfolios include high-speed physical
layer devices (PHYs), network search engines (NSEs), network coprocessors,
networking-optimized and micropower static RAMs; high-bandwidth multi-port
and FIFO memories; high-density programmable logic devices; timing technology
for PCs and other digital systems; and controllers for Universal Serial
Bus (USB). Information about Cypress is available at www.cypress.com.
Contact:
GigaTera
Andros Payne
CEO
Lerzenstrasse 16
8953 Dietikon, Switzerland
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| Telephone | +41 (0)1 745 73 00 |
| Fax | +41 (0)1 745 73 01 |
| andros.payne@gigatera.com | |
| Internet | www.gigatera.com |