Global Communication Semiconductors, Inc. and Xponent Photonics, Inc. Establish a Strategic Partnership and Wafer Foundry Agreement

Market Wire, January, 2007

Global Communication Semiconductors, Inc. (GCS), a leading III-V compound semiconductor foundry services provider for RF and optoelectronic industry, and Xponent Photonics, Inc., a leading technology innovator of advanced optical components, today announced an agreement to establish a strategic partnership and wafer foundry agreement. GCS will manufacture Xponent's product portfolio using its proprietary laser and PIN PD processes under the terms of the Agreement.

"We're pleased to be working with GCS. They have an outstanding track record of success with fabrication of state-of-the-art InP and GaAs devices and are right on target with the technology transfer," said Jeff Rittichier, President and CEO of Xponent. "With the completion of the GCS transfer in late winter, Xponent will be the world's only completely fabless volume producer of optical components."

"GCS is proud to be able to partner with Xponent Photonics to develop high-performance, cost-effective optoelectronics devices," commented Jerry Curtis, Chief Executive Officer of GCS. "We look forward to collaborating in a successful business relationship with Xponent as they continue their leadership in delivering high quality and reliable optoelectronics products to the fiber optical communication markets. We are confident that Xponent will benefit from our 4-inch high-volume wafer manufacturing capabilities to stay ahead of market competition."

About Global Communication Semiconductors (GCS) Inc.

GCS, based in Torrance, California, provides compound semiconductor foundry services to the RF wireless communication, telecommunication, optoelectronics and photonics industries. GCS currently offers a broad portfolio of advanced RF processes (InGaP HBT, PHEMT, IPD and SAW), and various optoelectronics processes for products such as GaAs and InGaAs PIN PD and imaging array, APD, VCSEL, Laser, modulator, QWIP and LED. Additional information can be found at www.gcsincorp.com .

About Xponent Photonics, Inc.

Xponent is the innovator of Surface Mount Photonics, the building blocks for a range of optical assemblies. Surface Mount Photonics dramatically reduces the cost and complexity of optical devices while providing industry-leading specifications for reach, thermal performance, reliability, power consumption and footprint. For more information, visit www.xponentinc.com .

For more information on GCS contact: Simon Yu VP, Sales & Marketing Tel: 310 619 8982 Email: Email Contact For more information on Xponent contact: Susan Tatum Tel: 310 857 6079 Email: Email Contact