- Filing of certain prospectuses and communications in connection with business combination transactions (425)

Filed by Lumera Corporation Pursuant to Rule 425

Under the Securities Act of 1933

And Deemed Filed Pursuant to Rule 14a-12

Under the Securities Exchange Act of 1934

Commission File No.: 333-153362

Subject Company: Lumera Corporation

This filing relates to the proposed merger transaction pursuant to the terms of the Agreement and Plan of Merger by and among Lumera Corporation (“Lumera”), GigOptix LLC, GigOptix, Inc., Galileo Merger Sub L, Inc. and Galileo Merger Sub G, LLC dated as of March 27, 2008.

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On October 27, 2008, the Securities and Exchange Commission declared effective a registration statement on Form S-4 (File No. 333-153362) filed by GigOptix. Inc., which contains a proxy statement/prospectus of Lumera regarding the proposed merger transaction between Lumera and GigOptix, as well as other relevant documents concerning the transaction. The proxy statement/prospectus was mailed to Lumera Stockholders on or about October 27, 2008. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND THESE OTHER DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GIGOPTIX, INC., LUMERA, GIGOPTIX LLC AND THE PROPOSED TRANSACTION. A definitive proxy statement/prospectus will be sent to Lumera’s stockholders seeking their approval of Lumera’s issuance of shares in the transaction and to members of GigOptix LLC.   Investors and security holders may obtain a free copy of the registration statement and proxy statement/prospectus and other documents filed by Lumera with the SEC at the SEC’s web site at www.sec.gov . Free copies of Lumera’s SEC filings are available on Lumera’s web site at www.lumera.com and also may be obtained without charge by directing a request to Lumera Corporation, 19910 North Creek Parkway, Bothell, WA 98011-3008, Attention: Investor Relations or by telephoning us at [phone].

Lumera and its directors and executive officers may be deemed, under SEC rules, to be participants in the solicitation of proxies from Lumera’s stockholders with respect to the proposed transaction. Information regarding Lumera’s directors and executive officers is included in its annual report on Form 10-K filed with the SEC on March 17, 2008, as amended by Form 10-K/A filed with the SEC on March 27, 2008. More detailed information regarding the identity of potential participants and their direct or indirect interests in the transaction, by securities holdings or otherwise, is set forth in the registration statement and proxy statement/prospectus and other documents filed with the SEC in connection with the proposed transaction.

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Corporate Overview Corporate Overview Dr.  Avi Katz, Chairman and CEO Dr.  Avi Katz, Chairman and CEO October 2008 October 2008

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2 GigOptix LLC Copyright - 2008 Disclaimer Disclaimer Certain statements contained in this release are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company's forward-looking statements include the following: market acceptance of our technologies and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q. Lumera and its proposed successor GigOptix Inc., have filed with the SEC a joint proxy/registration statement on Form S-4, which will contain a proxy statement/prospectus regarding the proposed merger transaction, as well as other relevant documents concerning the transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND THESE OTHER DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT LUMERA, GIGOPTIX LLC AND THE PROPOSED TRANSACTION. A definitive proxy statement/prospectus will be sent to Lumera’s stockholders seeking their approval of Lumera’s issuance of shares in the transaction and to members of GigOptix LLC. Investors and security holders may obtain a free copy of the registration statement and proxy statement/prospectus (when available) and other documents filed by Lumera with the SEC at the SEC’s web site at www.sec.gov. Free copies of Lumera’s SEC filings are available on Lumera’s web site at www.lumera.com and also may be obtained without charge by directing a request to Lumera Corporation, 19910 North Creek Parkway, Bothell, WA 98011-3008, Attention: Investor Relations or by telephoning us at (425) 398-6546. Lumera and its directors and executive officers may be deemed, under SEC rules, to be participants in the solicitation of proxies from Lumera’s stockholders with respect to the proposed transaction. Information regarding Lumera’s directors and executive officers is included in its annual report on Form 10-K filed with the SEC on March 17, 2008, as amended by Form 10-K/A filed with the SEC on March 27, 2008 and by Form 8-K filed with the SEC on September 5, 2008. More detailed information regarding the identity of potential participants and their direct or indirect interests in the transaction, by securities holdings or otherwise, will be set forth in the registration statement and proxy statement/prospectus and other documents to be filed with the SEC in connection with the proposed transaction. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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3 GigOptix LLC Copyright - 2008 Markets Addressed Products Diversified across multiple markets: Telecom Datacom Consumer Electronics (CE) Military/Avionics/Test Broad portfolio of Physical Media Dependent (PMD) Integrated Circuits working at 2.5 - 100Gb/s : Laser Drivers Amplifiers Modulators GigOptix is a leading fabless semiconductor supplier specializing in high-speed Integrated Circuits (ICs) which interface with optical components used in optical communications networks GigOptix plans to execute a roll-up consolidation strategy together with internal new product development GigOptix Overview GigOptix Overview GigOptix ICs at every GigOptix ICs at every electrical to optical electrical to optical intersection intersection Consumer Consumer Electronics Electronics Telecom Telecom Datacom Datacom Intra-board

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4 GigOptix LLC Copyright - 2008 GigOptix History GigOptix History 09.01.00 – iTerra Communications was  founded 07.01.07 – iTerra recapitalized and restarted as GigOptix LLC .  Test & Measurement and Defense products spun out 03.27.08 – Announced merger with Lumera Corporation 2007                    – 2008 2000 2000 GigOptix LLC – GX Helix AG - HX Lumera Corp. - LX Market Focus Telecom/Datacom Datacom/Consumer Telecom/Aerospace Product focus Drivers and Receivers Drivers and Receivers Modulators Technology focus Very High frequency Serial Multi-channel / parallel High speed modulator Material focus InP & GaAs experience SiGe experience Polymer experience Engineering expertise Pioneered  drivers Pioneered  receivers Pioneered active polymer devices  Commercial Products Die, Module and packaged ICs Die Die and packaged device 01.15.08 – GigOptix acquired Helix Semiconductors TBA – GigOptix Inc. Launched on Nasdaq with ticker GIGX

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5 GigOptix LLC Copyright - 2008 GigOptix Highlights GigOptix Highlights Strong underlying market growth Migration to mass markets  Breadth of products:  speed, reach, and broad  applications Unique integrated solutions Technological advantage Innovation and emphasis on IP Synergistic use of various semiconductor and polymer processes Intrinsic growth complimented by rollup and consolidation strategy Rapid revenue growth and tight cost control Efficient operations based on a fabless model Rapid Underlying Market Transformation Wide Portfolio of Products Highly Differentiated Technology Execution

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GigOptix LLC  Copyright - 2008 6 Market Dynamics: Rapidly Growing Demand Market Dynamics: Rapidly Growing Demand for Increased Bandwidth for Increased Bandwidth Growing market need for products that can handle increasing bandwidth while reducing cost, energy consumption and heat Interconnects become the bottlenecks and GigOptix enables the streaming Movies Online TV Music Online Games Social Networking Streaming Video Ever increasing streaming media content and higher resolution displays escalate bandwidth demand HD displays Pictures

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7 GigOptix LLC Copyright - 2008 Underlying Market Transformation Underlying Market Transformation Continuous innovation enables technologies developed for high-end applications to move into mainstream markets Optical technology is primed to progress from a high-end niche to mass market deployment High end Mass Market

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GigOptix LLC  Copyright - 2008 8 Information Streaming: Migration from Information Streaming: Migration from Copper to Optics Copper to Optics Interconnections will go optical as copper reaches its speed limitations High performance optical components are needed for next generation high speed applications GigOptix solutions support all reaches and all speeds of optical interconnects using its broad portfolio of materials GigOptix enables the transition of optical technology from high-end telecom all the way to mass market consumer electronics 0.01 0.1 10 100 1 Speed (Gb/s) 1 1k 10k 100k Optical Wide Area Network Metropolitan Area Network Inter Racks Inter Boards Chip to Chip Grey area Copper Local Area Network 10 40 100 Datacom Telecom & Datacom Intra Chip DVI/ HDMI Active cable/ Infiniband Super Computing Consumer TV, PC, mobile Telecom 1000k Sub-Marine & Long Haul

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9 GigOptix LLC Copyright - 2008 High Growth Markets: Telecom and Datacom High Growth Markets: Telecom and Datacom 44.6 27.0 14.8 7.5 3.6 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 Datacom 2.6 6.1 12.8 24.3 41.0 Telecom 1.0 1.5 2.0 2.7 3.6 2008 2009 2010 2011 2012 Transceivers Forecast for Speeds > 10Gb/s Source: Communications Industry Researchers, Inc., July 2008 0 10 20 30 40 50 60 70 80 90 External Modulator & EML 7 15 29 51 82 2008 2009 2010 2011 2012 40G Modulator Unit TAM Source:  Ovum-RHK February  2008 Telecom and Datacom optical transceiver markets combined are forecast to grow at a CAGR larger than 85% between 2008 and 2012 , for both high speed transceivers and modulators In addition, GigOptix believes, based on discussions with potential partners, that the emerging Consumer Electronics market for optical interconnects will start production in 2010 Assumptions/Notes: In applications above 40Gb/s polymer modulators will compete with EA modulators, used in EMLs, and External Modulators which are currently made from Indium Phosphide and Lithium Niobate respectively

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GigOptix LLC  Copyright - 2008 10 Emerging Market – Emerging Market – Consumer Electronics Consumer Electronics The Challenge: Copper interconnects at high speeds have inefficient use of power and cause data loss due to interfering radiation Optical offers a solution: Low emission, low power high speed link between processor and display inside Consumer Electronics (CE) devices (TVs, PCs, cell phones) Replaces bulky unsightly cables, such as HDMI, connecting between CE boxes (e.g. game console  and monitor) Much simpler to implement and more robust than wireless connectivity which has to compensate for interference Extends the reach of today’s connectivity standards, like USB, to cover room to room links Intel announced USB 3.0 will support optical at IDF in Sept 2007 “Optoelectronics is becoming a key enabling “ Optoelectronics is becoming a key enabling Optoelectronics is becoming a key enabling technology which is critical to many of the technology which is critical to many of the personal personal digital digital products we we see see today” today ” ” - - OIDA, Prospectives OIDA, Prospectives Prospectives on the Optoelectronics Industry on the Optoelectronics Industry Forum Report Forum Report “Our business strategy is to [build]…a community that provides the ecosystem to enable the delivery of photonic interconnects in volume.” HP Fellow &CTO Terry Morris (May 2008) Intel: Sept 2007 Intel: Sept 2007

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GigOptix LLC  Copyright - 2008 11 GigOptix’ GigOptix’ Solution for Communications Solution for Communications Advantages of combining polymer modulators and high performance drivers: Higher bandwidth, lower cost, smaller size and lower power consumption Simpler system integration and shorter design cycles due to better interoperability New markets such as aerospace, automotive and wireless communications using advanced modulation schemes GIGX today 2.5 Gb/s to 100 Gb/s Deserializer Decoding Clock Extraction Optical transceiver Serializer, Line Coding Clock Generation Laser PD Integrated solution Serializer, Line Coding Clock Generation Laser Optical transceiver Integrated solution Digital VLSI Deserializer Decoding Clock Extraction PD Digital VLSI

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GigOptix LLC  Copyright - 2008 12 GigOptix Strategy GigOptix Strategy Stage 1: Telecom Continue to extend market share of high speed drivers and receivers  Integrate commercialized polymer modulators with drivers Drive innovation of Terabit polymer/CMOS electro-optic integration Stage 2: Datacom Launch superior 10Gb/s drivers and receivers to displace incumbents Launch 40Gb/s & 100Gb/s drivers and receivers as market takes off Set performance standard in high speed parallel optics market Stage 3: Consumer Extend market share in driver and receivers for Active Cables Develop partnerships to enable OEM low cost manufacturers Miniaturize optical PMDs for inter and intra system interconnect Datacom mid price – mid volume Consumer low price – high volume $$ Telecom high price low volume The company intends to address these market through a combination of organic The company intends to address these market through a combination of organic growth and consolidation strategy and pragmatic focus on cash management growth and consolidation strategy and pragmatic focus on cash management

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13 GigOptix LLC Copyright - 2008 Optical Device Parallel Rx Parallel Tx VCSEL LD/FP Limiting Amp Linear Amp EA EO 100G 40G 10G <10G GigOptix’ GigOptix’ Product Portfolio Product Portfolio VSR 10cm-10m ULH < 1000Km Reach Production  /  Development Driver Receiver Modulator Telecom Datacom Consumer

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GigOptix LLC  Copyright - 2008 14 GigOptix’ GigOptix’ Roadmap  Roadmap  Portfolio balanced between high value and high volume Synergy between organic and inorganic additions 2002 2005 2007 2009 10G 10G Drivers ULH 10G NRZ Driver Long Haul 10G EA Drivers 4x3G Rx&Tx 10G TIA w/AGC 10G VCSEL Driver 4G & 10G TIA/LIAs 45G EA Driver 40G SMD 45G TIA  40G – 100G 12x10G  Rx & Tx 4x10G  Rx & Tx 12x4Gb/s Rx & Tx 40G Limiter 20G DQPSK driver 40G Modulator 40G NRZ Drivers 200G DQPSK  driver & modulator 4x2G Rx & Tx 10G DQPSK Drivers 10G Limiter 100G (28Gx4)Drivers Consumer GX HX (G)LX 10G Integrated Modulator & Driver BB Amplifier

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15 GigOptix LLC Copyright - 2008 PMD Competitive Landscape PMD Competitive Landscape Best in class Plays Source : Gigoptix Widest portfolio of technologies for >10Gb/s transponders Competitors are fragmented => opportunity for consolidation Weakness/Gap

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16 GigOptix LLC Copyright - 2008 Unique Technology Motivates the Merger Unique Technology Motivates the Merger Advantages of GigOptix future path to electro-optic integration approach Single chip replaces expensive packaged devices costing thousands of dollars Ultra high speed serial devices allow for scaling to >1Tb/s to support future networks Lowest power solutions – 40%* of leading alternative due to polymer properties Inexpensive materials – based on low cost process of silicon and polymer coating Polymer layer adds modulator Inexpensive silicon wafer for driver Vertically stacked driver and modulator in a chip GIGX Step 2: System on Chip GIGX Step 2: System on Chip Integration Integration *compared to leading 40Gb Lithium Niobate MZ modulator drive voltage of 1.8V vs Lumera 1V GIGX Step 1: GIGX Step 1: Package Integration Package Integration modulator Laser Driver modulator Laser Current Current Situation Situation Driver Driver

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17 GigOptix LLC Copyright - 2008 Global Operations Global Operations GigOptix operates with a fabless business model, utilizing a number of semiconductor foundries and packaging contract manufacturers Efficient technology transfer from in-house prototype fab to contract manufacturers ISO 9000 and 14001 certified, Standard Compliance:  RoHS , Telcordia Global Sales reach  with Sales offices in Palo Alto, Tokyo, and Zurich Network of optical industry focused representatives and distributors across US, Asia and Europe Sales channel locations

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GigOptix LLC  Copyright - 2008 18 Patent Protection Patent Protection Extensive research and development into the fields of electronics and polymer coatings for electro-optic applications Exclusive licensing agreement with the University of Washington for IP relating to electro- optic polymers and related organic materials and process fields of: Optical networks for voice, data and related telecommunications communications; Optical computing applications and holographic optical memory systems; Beam steering, control and scanning; Commercial and defense radar, guidance and sensing systems, and Residual portfolio of patents relating to polymers in the bioscience field of Proteomic analysis available to be disposed Status Field US Int'l Issued Electronics 3 1 Polymer 32 8 Pending Electronics 3 Polymer 31 21 Main Patent categories Broadband Amplifier Design Optical Polymer Synthesis Materials Systems Incorporating Polymers Materials Characterization and Testing Methods Devices, Designs and Processes Relating to Polymers

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19 GigOptix LLC Copyright - 2008 Experienced Leadership Team Experienced Leadership Team Julie Tipton, VP Marketing: More than 20 years of semiconductor industry experience. Before GigOptix held numerous management positions at NXP Semiconductors/Philips Semiconductors including GM for Mobile WLAN Product line, Head of Operations, Connectivity products, VP/GM Digital Video Interactive products. Marc Correa, VP Operations: More than 25 years experience in developing global manufacturing capabilities with a specialty in rapidly transitioning from low- volume to high-volume production. Formerly Director of Operations at Mistletoe Technologies, was responsible for global IC operations at Airgo Networks (acquired by Qualcomm). Vivek Rajgarhia, VP Global Sales :                       Over15 years experience in the opto-electronics industry. Vivek has held VP positions in Sales and Marketing at Dupont Photonics and OpNext Inc. Founded Trust Telecom in India launching two mobile handset brands. He was Director of Sales and Marketing for Lucent Technologies in Asia-Pacific Dr. Avi Katz, CEO/COB :                                                    More than 20 years experience leading public and private electronics manufacturers. CEO positions at Intransa and Equator Technologies. Held executive positions at Watkins- Johnson, ASTeX, and Symphony Services. 7 years in research at A&T Bell Labs in Murray Hill, N.J. BOD Member of several companies. Holds numerous U.S. and international patents. Andrea Betti-Berruto CTO:                                          Founded iTerra Communications in 2000. More than 16 years of experience in the design of RF and microwave ICs and multi-chip modules. Before joining iTerra/ GigOptix, led the product development team of Fujitsu Compound Semiconductor for mm-wave high-power amplifiers. Author of several publications in technical journals. Peter Biere, CFO and GM GigOptix Bothell :             Over 25 years of experience ranging from startups to high growth to mature organizations. 4 years CFO/GM position at Lumera Corporation; CEO/CFO of Entrées International; CFO of Locate Networks and Zones.com. BBA and MA in accounting from University of Iowa. Dr. Raluca Dinu VP Advanced Engineering: 7 years at Lumera rising to VP – Electro-Optics Business Unit. 4 years as Physics Engineer at National Institute (Physics) in Bucharest, Romania. She holds over 15 patents and has authored numerous technical papers. PhD in Physics from University of Bucharest. Dr. Jörg Wieland, VP GM GigOptix-Helix :            More than 20 years in opto-electronics, founder and CEO of Helix AG, acquired by GigOptix LLC in January 2008  Also a founder of Albis Optoelectronics AG, a leading photo-detector maker. Prior to starting Helix, he was a research scientist at ETH Zürich. Jorg holds Dip.EE. and Doctor of Technical Science degrees from ETH. .

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20 GigOptix LLC Copyright - 2008 Summary of Historical Quarterly Revenues Summary of Historical Quarterly Revenues Unaudited in (000's) Q1'07 Q2'07 Q3'07 Q4'07 Q1'08 Q2'08 Q3'08 FY 2007 Q1 - Q3 '07 Q1 - Q3 '08 GigOptix LLC (1) $446 $795 $833 $1,103 $1,240 $1,601 $1,726 $3,177 $2,074 $4,567 Helix (1) $385 $359 $445 $786 $443 $645 $896 $1,975 $1,189 $1,984 Lumera (2) $860 $934 $624 $356 $484 $1,499 $1,565 $2,774 $2,418 $3,548 Total $1,691 $2,088 $1,902 $2,245 $2,167 $3,745 $4,187 $7,926 $5,681 $10,099 (1) GigOptix LLC acquired Helix in January 2008. Helix 2008 results of operations are consolidated in GigOptix LLC FY2008 results.  2007 and 2008 quarterly data for GigOptix LLC and for Helix  were prepared by management and are unaudited. (2) Lumera results are shown as reported and represent activities from continuing operations.

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21 GigOptix LLC Copyright - 2008 Quarterly Historical Financial Results  Quarterly Historical Financial Results  Unaudited in  (000’s) FY 2007 FY 2008 Q1 Q2 Q3 Q4 FY2007 Q1 Q2 Q3 9 MOS FY2008 GigOptix LLC (1) Revenue $446 $795 $833 $1,103 $3,177 $1,683 $2,206 $2,622 $6,551 Gross Profit $169 $299 $342 $553 $1,363 $648 $1,291 $2,007 $3,947 Operating Expenses  $720 $1,644 $1,303 $4,065 $7,732 $2,124 $3,213 $3,260 $8,597 Loss from  Operations ($551) ($1,345) ($961) ($3,512) ($6,369) ($1,476) $(1,922) $(1,253) $(4,650) Helix (1) Revenue $385 $359 $445 $786 $1,975 - - - - Gross Profit $366 $251 $434 $727 $1,778 - - - - Operating Expenses $285 $255 $303 $460 $1,303 - - - - Income (Loss) from  Operations $81 ($4) $131 $267 $475 - - - - Lumera (2) Revenue $860 $934 $624 $356 $2,774 $484 $1,499 $1,565 $3,548 Gross Profit $417 $450 $280 $121 $1,268 $248 $846 $780 $1,874 Operating Expenses $2,459 $2,939 $3,760 $3,450 $12,608 $3,946 $2,560 $2,350 $8,856 Loss from  Operations ($2,042) ($2,489) ($3,480) ($3,329) ($11,340) ($3,698) ($1,714) ($1,570) ($6,982) Total Revenue $1,691 $2,088 $1,902 $2,245 $7,926 $2,167 $3,745 $4,187 $10,099 Gross Profit $952 $1,000 $1,056 $1,401 $4,409 $897 $2,137 $2,787 $5,821 Operating Expenses  $3,464 $4,838 $5,366 $7,975 $21,643 $6,070 $5,773 $5,610 $17,453 Loss from  Operations ($2,512) ($3,838) ($4,310) ($6,574) ($17,234) ($5,173) ($3,636) ($2,823) ($11,632) (1) GigOptix LLC acquired Helix in January 2008. Helix 2008 results of operations are consolidated in GigOptix LLC FY2008 results.  2007 and 2008 quarterly data for GigOptix LLC and for Helix  were prepared by management and are unaudited. (2) Lumera results are shown as reported and represent activities from continuing operations.

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22 GigOptix LLC Copyright - 2008 Summary of Revenue and Pro-Forma of Combined Historical Summary of Revenue and Pro-Forma of Combined Historical Financial Results Financial Results for GigOptix LLC, Helix and Lumera  for GigOptix LLC, Helix and Lumera  Unaudited in (000s) Description FY2007 FY2008 9 MOS FY2008 Q1 Q2 Q3 Summary of combined net loss of continuing operations ($17,234) ($5,173) ($3,636) $(2,823) ($11,632) Adjustment to exclude extraordinary expenses , dissolution and merger costs $1,000 $889 $964 $1,113 $2,966 Adjustments to exclude merger related increased expenses , interest and amortization of intangibles $1,900 - $332 $318 $650 Total pro-forma adjustments $2,900 $889 $1,296 $1,431 $3,616 Pro-Forma summary of combined net loss of  continuing operations ($14,334) ($4,248) ($2,340) ($1,392) ($8,016)

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23 GigOptix LLC Copyright - 2008 Pro-Forma Summary of Combined Historical Financial Pro-Forma Summary of Combined Historical Financial Results Results for GigOptix LLC, Helix and Lumera  for GigOptix LLC, Helix and Lumera  Unaudited in (000's) Description FY2007 FY2008 9 MOS FY2008 Q1 Q2 Q3 Summary of combined net loss of continuing operations ($17,234) ($5,173) ($3,636) $(2,823) ($11,632) Adjustment to exclude extraordinary expenses  Dissolution of iTerra Communications' Italian subsidiary $1,000 - - - - Due diligence - Helix acquisition - - $122 - $122 IPR&D one time write-off - Helix Acquisition - - $300 - $300 Non capitalized merger  fees for GigOptix and Lumera  - $889 $542 $1,113 $2,544 Adjustments to exclude increased expenses Interest Debt – iTerra debt through restart on June 2007               $1,900             - - - - Amortization of Intangible Assets - acquired from Helix - - $332 $318 $650 Total pro-forma adjustments $2,900 $889 $1,296 $1,431 $3,616 Pro-Forma summary of combined net loss of continuing operations ($14,334) ($4,248) ($2,340) ($1,392) ($8,016)

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24 GigOptix LLC Copyright - 2008 Unconsolidated Balance Sheet Data Unconsolidated Balance Sheet Data Unaudited in (000s) GigOptix September 26, 2008 Lumera September 30, 2008 Cash $788 $7,045 Working capital $2,242 $6,161 Total Assets $7,435 $10,709 Total Liabilities $2,476 $1,991 Total stockholder's equity $4,959 $8,718

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25 GigOptix LLC Copyright - 2008 Summary: GigOptix Highlights Summary: GigOptix Highlights Strong Underlying Market Growth Migration to Mass Markets  Breadth of Products: speed, reach, and broad applications Unique Integrated Solutions Technological Advantage Innovation and Emphasis on IP Synergistic use of semiconductors and polymers Intrinsic growth complimented by rollup and consolidation strategy Rapid revenue growth and tight cost control Efficient operations based on a fabless model Rapid Underlying Market Transformation Wide Portfolio of Products Highly Differentiated Technology Execution