Austin, TX, 2/1/2008—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.

"Austin is a vibrant and growing technology hub for North America that will allow us to recruit the talented individuals that will be required as we shift from research and development to production for our TimeFlux^TM networking technology" said Phil Kennedy, President and CEO of Lightwaves, Inc. "We are currently negotiating our first customer for TimeFlux and expect to double our staff based on the needs of this first customer and additional customer opportunities in the pipeline.  We are very pleased to have selected Austin as our new home and expect we will have a lasting presence here"

The companies new address is 6034 West Courtyard Drive, Suite 130, Austin, Texas, 78730.  The main phone number is 512-338-4999.

About Lightwaves
Founded in 2002 with its roots going back to the 1990’s, Lightwaves is headquartered Austin, Texas and also has operations in Cedar Rapids, Iowa. Lightwaves has over sixty issued and pending patents pertaining to pulse-based communications, GPS, information storage, UWB RFID, and location-enabled information techniques. For more information, visit www.lightwaves.net

Contact Information:

Lightwaves
Drew Childress
Vice President Business Development and Marketing
dchildress@lightwaves.net
512-338-4999