GigOptix Inc. (GGOX.OB) and DARPA MTO Extend Research Contract
GigOptix Inc., a leading provider of electronic engines for the optically connected digital world, announced this morning before the opening bell that their contract with DARPA MTO has been extended. Under the terms of the agreement, low driving voltage, broadband Mach-Zehnder (MZ) modulators will be fabricated using GigOptix's Electro-Optic (EO) polymer material for operation at very low temperatures for applications in supercomputers. The extension increases the total value of the contract to approximately $6.1M and opens new areas of use. "Due to their intrinsic properties, the EO materials incorporated in GigOptix's high speed polymer modulators have the potential to operate…