OneChip Photonics Names Dan Meerovich VP of Global Manufacturing Operations; Reaches agreement with

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PRESS RELEASE

05 March 2012

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Steve Bauer OneChip Photonics steve.baueronechipphotonics.com

OneChip Photonics Names Dan Meerovich VP of Global Manufacturing Operations; Reaches agreement with Fabrinet to manufacture its PIC-based PON transceivers

OTTAWA, Mar. 5 - OneChip Photonics today announced that it has named Dan Meerovich its Vice President of Global Manufacturing Operations. The company also announced that it has reached an agreement with Fabrinet (NYSE: FN) to manufacture OneChip's Photonic Integrated Circuit (PIC)-based Passive Optical Network (PON) transceivers. Meerovich is responsible for building OneChip's volume manufacturing capabilities and ensuring cost-effective and efficient operations across its supply chain.

"Dan has a wealth of optical communications industry experience and a successful track record of growing and streamlining operations, while exceeding sales and profit targets," said Jim Hjartarson, CEO of OneChip Photonics. "He will play a key role in the introduction and volume manufacture of our unique optical transceiver product line."

Before joining OneChip, Meerovich served as VP of Operations at Xtellus, which was acquired by Oclaro Inc. in 2009. One year after the acquisition, he was instrumental in increasing revenue by 50 percent, while increasing labor efficiency by 70 percent. He also expanded the company's R&D and manufacturing capabilities in Korea and Thailand. Previously, Meerovich was VP of Manufacturing Operations at Multiplex Inc., where he established and managed a wholly owned manufacturing subsidiary in China. He also held senior-level operations positions at Asip Inc./Apogee Photonics Inc., JDS Uniphase and Tyco/Laser Diode Inc. OneChip Taps Fabrinet's Global Optical Manufacturing Capabilities.

According to Meerovich, OneChip selected Fabrinet as its contract manufacturer "because of Fabrinet's strong global footprint and its ability to get our manufacturing line up and running quickly." "Fabrinet has extensive experience manufacturing optical components and systems and will help OneChip meet the high demand for our integrated optical transceivers," Meerovich said.

Fabrinet will provide a range of manufacturing services for OneChip, including optical component attachment for OneChip's Bi-directional Optical Sub Assemblies (BOSAs) and final integration and testing of its fully packaged optical transceivers. Fabrinet, a vertically integrated manufacturer, will provide manufacturing services for OneChip at its Pinehurst campus in Thailand. On a global basis, Fabrinet has more than 1 million square feet of manufacturing space at its facilities in Thailand, the People's Republic of China and the United States.

Greg Reny, Senior Director of Business Development at Fabrinet, said, "We look forward to helping OneChip bring its breakthrough solutions to market globally. We are known for the quality and precision of our optical manufacturing, assembly and test processes, and we are excited to put our expertise to work for OneChip."

About OneChip Photonics
OneChip Photonics is a privately held company, headquartered in Ottawa, Canada, that develops and manufactures low-cost, high-performance optical transceivers -- based on monolithic Photonic Integrated Circuits (PICs) in Indium Phosphide (InP) -- for access networks and other mass-market broadband applications. OneChip's PIC-based Passive Optical Network (PON) transceivers will help system providers and carriers deploy Fiber-to-the-x (FTTx) more cost-effectively than ever before and meet consumer and business demand for high-bandwidth voice, data and video services. For more information, please contact OneChip at +1 (613) 226-6117, +1 (866) 652-4627 (toll-free), info@onechipphotonics.com or sales@onechipphotonics.com, or visit our Web site at www.onechipphotonics.com.

About Fabrinet
Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, final assembly and test. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the People's Republic of China and the United States. For more information, visit: http://www.fabrinet.com.

OneChip Photonics and the OneChip Photonics logo are trademarks of OneChip Photonics. All other trademarks or service marks mentioned in this document are the property of their respective owners. Copyright 2012 OneChip Photonics. All rights reserved.

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