TeraXion Inc.

TeraXion Inc.

January 23, 2012 10:00 ET

TeraXion Announces the Appointment of Dr Ghazi Chaoui as Chief Strategy Advisor

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 23, 2012) - TeraXion is pleased to announce the appointment of Dr. Ghazi Chaoui as Chief Strategy Advisor, to lead its future partnership and acquisition activities.

Dr. Chaoui has over 26 years of experience in the optical communications industry, having held several executive positions in companies such as Oclaro, Infinera, Broadwing, Corvis, FiNet, Lucent and AT&T/Bell Laboratories. With his career track record, Dr. Chaoui brings to TeraXion a strong expertise in mergers and acquisitions, joint ventures, engineering, management, as well as supply chain and manufacturing/operations.

"TeraXion is a solid company with in-depth expertise, a broad, diversified customer base and has an excellent reputation in the marketplace. TeraXion has a great opportunity to make use of its existing know-how to rapidly create leading-edge integrated photonic solutions. I'm delighted to join this respected team of professionals to help them accelerate and leverage all their assets by adding future partner's complementary capabilities," commented Dr. Chaoui.

"We are extremely proud to welcome Dr. Chaoui into our team. We are confident that he will help us continue growing our business in this vast and highly competitive optical telecommunications market," said Alain-Jacques Simard, President and CEO at TeraXion. "This newest addition to our executive staff is the latest in a series of strategic moves that will help us increase our products portfolio, better serve our commercial and military/aerospace customers and outdistance our competition," added Mr. Simard.

For further information on TeraXion, please visit www.teraxion.com.

About TeraXion

TeraXion is a leading-edge photonic solutions provider for high-end applications of the optical communications, industrial lasers and optical sensing markets. Its line of OEM chromatic dispersion management solutions includes static and tunable dispersion compensators for terrestrial and submarine networks. TeraXion offers customized filtering solutions based on advanced FBG technology and narrow linewidth semiconductor laser sources for RF photonic and coherent detection systems.

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