BinOptics Welcomes Industry Leader

Dan DiLeo, former President/COO of Optoelectronics at Lucent Technologies, joins the BinOptics Board of Directors

Ithaca , N.Y., Nov. 5, 2008 – BinOptics Corporation is pleased to announce that Dan DiLeo has joined the Board of Directors effective October 9, 2008.

Mr. DiLeo has 33 years experience in the semiconductor industry. He was EVP at Agere Systems and President/COO of Optoelectronics at Lucent Technologies. Through the years his responsibilities included ICs for applications from wireless to PCs, consumer products and networking plus a broad range of photonic devices and subsystems. Since retiring in 2002, he serves on the board of public companies RF Micro Devices and Data I/O and advises several small public and private companies in the US and Europe. He holds several patents in device design and processing. In addition to completing executive MBA programs at Tuck Graduate Business School of Dartmouth and INSEAD in Fontainebleau, France, he earned MS and Tau Beta Pi BS degrees in Materials and Metallurgical Engineering from Purdue University and Polytechnic Institute of NY.

"BinOptics' etched facet technology is a fundamentally new approach to high volume, low cost laser chip manufacturing essential to the company's target market segments," remarked Mr. DiLeo. "I am excited to be joining the board at this pivotal point in BinOptics' growth and development."

"The demonstrated leadership, deep industry experience, and sage guidance that Dan DiLeo brings to the board are critical assets for BinOptics at this time," noted Alex Behfar, Chairman and CEO of BinOptics. "As an advisor, Dan has contributed substantially to the company's successful ramp up in production capacity to meet strong customer demand. We look forward to working with him in his new role and welcome his voice to the board."

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About BinOptics Corporation

BinOptics manufactures monolithically integrated laser chips based on its proprietary etched-facet technology. This unique platform allows the company to meet commercial requirements with higher reproducibility, more flexibility for product design and integration, significantly lower cost, and higher performance than alternative processes. The company's products address datacom and telecom applications such as gigabit Ethernet and PON as well as advanced non-telecom applications. Founded in November 2000, BinOptics is privately held. The company is located in the Cornell Business & Technology Park in Ithaca, N.Y.

For more information about BinOptics and its products, please visit www.binoptics.com or contact Norman Kwong at sales@binoptics.com or 607-257-3200 x251.

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