GigOptix Signs WPG Americas, Inc. as Sole Distributor for ASIC Line

GigOptix, Inc. has recently signed WPG Americas, Inc., (WPGA) one of the top three IC component distributors worldwide, as its sole distributor for ASIC sales in the Americas.

“Our partnership with WPG Americas will further support our growing penetration into North, Central and South America ASIC market,” stated Jay de la Barre, vice president of Sales for GigOptix. “The breadth of experience and customer relationships of WPG Americas will be a great asset to GigOptix, and we look forward to a profitable and growing relationship.”

As a distributor, WPGA will be responsible for distributing GigOptix’s Standard Cell, Hybrid and Structured ASICs throughout the Americas.

“WPG Americas is excited to add an ASIC solution for our customers, GigOptix has a strong portfolio for the Mil/Aero, Industrial, Medical and Communication markets,” said Greg Provenzano, North America Vice President of Sales and Engineering Solutions, in a statement. “GigOptix products also align very well with WPGA’s current line card offerings, and we look forward to expanding the market with them.”

GigOptix is a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G fiber-optic telecommunications and data-communications networks. The company also offers the widest range of mixed-signal and ASIC solutions in the market including Standard Cell, Hybrid and Structured ASICs targeting the Consumer, Industrial, Defense & Avionics industries.

Recently, GigOptix received conditional approval to list GigOptix's common stock on the NYSE Amex stock exchange. Final approval of the Company's application is subject to certain enumerated conditions, including the closing of its merger with Endwave (News - Alert) Corporation as well as continued compliance with other listing requirements of the exchange. Specifically, GigOptix's common stock must maintain a market capitalization of $50 million, a minimum price of $2.00 per share and a public float of $15 million.

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Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Jennifer Russell