- News
15 August 2011
GigOptix shares begin trading on OTCQX
“We are very pleased to announce the upgrade of our primary trading venue [from the OTCQB platform] to the OTCQX trading platform, a designation that indicates to investors that GigOptix meets the highest financial standards among OTC-traded companies,” says chairman & CEO Dr Avi Katz.
“Since its inception four years ago, GigOptix has advanced from a start-up to an industry leader by successfully executing on our business plan and growth strategies. As a result of these efforts, we have consistently increased quarterly product revenue, while strictly managing expenses and cash, as reflected by our solid financials and debt-free balance sheet,” he adds.
GigOptix offers a broad portfolio of monolithic microwave integrated circuits (MMICs) that enable next-generation wireless microwave systems up to 90GHz and drivers, transimpedance amplifiers (TIAs) and TFPS (Thin Film Polymer on Silicon) optical modulators for 40G and 100G fiber-optic telecom and datacom networks. The firm also offers a range of digital and mixed-signal application-specific integrated circuits (ASICs) and enables product lifetime extension through its GigOptix Sunset Rescue Program.
“GigOptix’s transition to the OTCQX is the next step toward further increasing investor awareness through the platform’s increased trading transparency and more prominent access through US broker-dealers,” Katz says. “We have reached a level of recognition that will enhance value for our shareholders as we continue to pursue our ultimate goal of listing on a national exchange.”
The OTCQX US Premier platform distinguishes the best companies traded over-the-counter (OTC) from more than 9000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review, attesting to the highest financial standards adhered to by GigOptix, the firm says.
OTCQX also offers a level of marketplace services formerly available only on a US exchange. The platform provides trading information and easy access through all major online and full-service US brokerage firms. Trades are settled and cleared in the US similarly to any NASDAQ or NYSE stock, and trade reports are disseminated through most financial data providers. As GigOptix begins trading on the OTCQX platform it may, on certain financial outlets, go from its previous ‘GGOX.OB’ designation to a ‘GGOX.PK’ designation.
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