News Article
GigOptix upgrades share trading to top tier of OTCQX
The company says increased trading transparency and more prominent access through the U.S. broker-dealer will enhance value for shareholders.
GigOptix,, a supplier of semiconductor and optical components that enable high-speed information streaming, has announced that its common stock will begin trading on the quality-controlled OTCQX U.S. Premier trading platform on Tuesday, August 16, 2011.
Avi Katz, chairman and chief executive officer, commented, "We are very pleased to announce the upgrade of our primary trading venue to the OTCQX trading platform, a designation that indicates to investors that GigOptix meets the highest financial standards among OTC traded companies. 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. 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 U.S. broker-dealers. As a result of this upgrade from the OTCQB platform, 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 U.S. Premier platform distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 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
