NEWS AND PRESS RELEASES - Lightwaves Inc.

3/5/2008 - Lightwaves and BAXL Technologies Announce Strategic Alliance

Companies to Develop Next Generation Carrier-Class Broadband Technology for High Bandwidth Applications...Lightwaves, a fabless semiconductor manufacturer that develops and markets chipsets for our TimeFlux networking technology, and BAXL Technologies Inc., a leading technology solutions provider that enables the transmission of voice, data and video over existing wiring, announced today a strategic alliance to leverage their respective strengths in technology and product development. Lightwaves will work with Baxl to develop the next generation in carrier-class broadband distribution products.

2/7/2008 - Lightwaves Names David Perkins To Board of Directors

Experienced semiconductor executive and entrepreneur...Lightwaves (www.lightwaves.net) today announced that David Perkins has joined our board of directors. David recently retired from Freescale Semiconductor (formerly Motorola’s Semiconductor Products Sector), where he was the Senior Vice President and General Manager of the Networking and Computing Systems Group from January 2002 until January 2007.

2/1/2008 - Austin, TX Office Opening

Lightwaves' headquarters move to Austin, TX...Lightwaves (www.lightwaves.net), a fabless semiconductor company that has been operating out of Cedar Rapids, Iowa since 2002, is pleased to announce the opening of our second location and new corporate headquarters in Austin, Texas.

8/23/2007 - Lighwaves Names Michael Dobbs To The Board of Directors

Senior Vice President with Alcatel-Lucent Brings Hands On Experience With Challenges Facing Telecommunication Provider Deployment Of Next Generation Digital Service Offerings...Lightwaves (www.lightwaves.net) today announced that Michael Dobbs, Senior Vice President of Access Networks at Alcatel-Lucent, has joined its board of directors. In his role with Alcatel-Lucent, Dobbs has first hand experience with the OpEx challenge facing Telecommunications Providers as they deploy advanced digital service offerings through the home.

6/18/2007 - 2007 North American Excellence in Technology Winner

Winner of Frost & Sullivan's 2007 North American Excellence in Technology Award