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  DenseLight Semiconductors, a cutting-edge photonics business, announces the appointment of new CEO, William H. Diamond Jr.

Singapore, 2 December 2002 - DenseLight Semiconductors Private Limited ("DenseLight"), solutions provider of high-performance InP-based photonics integrated circuits, is pleased to announce the appointment of William H. Diamond Jr. as Chief Executive Officer, succeeding Dr. YeeLoy Lam, who remains the company's Chief Technology Officer.

Bill Diamond brings over 20 years of industry experience and leadership to DenseLight. Most recently, he was CEO and President of Wavesplitter Technologies where he led the company's expansion into PLC technology and joint development programs with NEC, Infineon and GemFire. He was also a proponent of process automation in fiber optics and partnered with Matsushita in Japan for automation development. Prior to WaveSplitter, Diamond was Vice President of Marketing and Product Management at E-Tek Dynamics (now JDS Uniphase) joining the company prior to its successful IPO in December of 1998. Previously, Diamond spent 6 years with Lucent Technologies as Director of Marketing for the Optoelectronics Business Unit in Breinigsville PA with four years in Europe as Marketing Director, and Sales Director for Microelectronics Europe and General Manager for AT&T Microelectronics UK. Diamond spent nearly nine years with Lasertron (now Corning), where he rose through the ranks as Business Development Manager, Device Operations Director, North America Sales Manager, and Managing Director - Lasertron Europe. His vast experience and leadership in the optoelectronics space spans both active and passive components, an attribute that is extremely important to convey the value of present and future product solutions to DenseLight's existing and future customers.

Bill's international experience will prove invaluable in establishing great rapport with strategic investors and customers from North America, Europe, and Asia. His understanding of multinational corporate dynamics and cross-cultural sensitivities will add synergistic values to the strong customer traction and revenue base already secured by the existing DenseLight team.

Dr. YeeLoy Lam, DenseLight's co-founder and CTO, enthused, "We are extremely pleased that Bill is joining us at this important stage of our development, as we move forward aggressively toward becoming a multinational corporation. Bill Diamond's proven track record will take DenseLight to the next level of success, adding tremendous value to all of our stakeholders."

Mr. Jerry Rodrigues, DenseLight's Chairman, concurs with this sentiment, saying, "The DenseLight team, has in its short but event filled history, made great strides in transforming knowledge and patents into potentially world-beating commercial photonic solutions. The Board of Directors is delighted to have Bill join the team as CEO. With his vast experience in the Photonics space, Bill will add fresh dimensions to our organization and strategies in international marketing for DenseLight Semiconductors, helping us achieve our goal of being a world-class provider of photonic solutions and bringing about greater shareholder value."

"The demand for optical solutions remains strong in a wide variety of industrial segments, and requires considerable sophistication in supplier's technology," said Bill. "In addition to its enabling technology platforms and a broad, market-driven product portfolio, DenseLight offers a high quality manufacturing base, favorable cost structure, and a superior and responsive customer service mindset - the key ingredients for growth and profitability."

About DenseLight Semiconductors Pte. Ltd: DenseLight Semiconductors is a leading developer and manufacturer of Indium-Phosphide (InP) based active optoelectronic chips and photonic integrated circuits (PICs) for telecom, datacom, defense and instrumentation applications. DenseLight's technology enables multiple optical function integration providing compact low-cost high-performance solutions for its customers. DenseLight was founded in 2000 and is headquartered in Singapore. For more information about the company, please visit our website at: www.denselight.com.
 

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