Experienced semiconductor executive and entrepreneur

Austin, TX, February 7, 2008—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.  In this capacity he had responsibility for the design, development, marketing, sales and support of the companies high performance microprocessors, digital signal processors, application specific processors, and high power RF devices targeted at various communications applications.  From January 2007, until his retirement in September 2007, Mr Perkins had interim responsibility for leading a newly created centralized Sales & Marketing organization at Freescale.  As one of the senior most executives at Freescale, Mr Perkins was involved in the spinout of the semi-conductor operations from Motorola, the subsequent IPO of Freescale and the eventual sale of Freescale to a consortium of private equity firms in December 2006. Prior to January 2002, Mr Perkins was the Chief Executive Officer of Metrowerks Corporation, a company that built software and hardware development tools for embedded applications, gaming applications, and a variety of mobile communication and entertainment devices.  Mr Perkins relationship with key Motorola executives was a contributing factor in Motorola’s decision to acquire Metrowerks in September 1999.  Prior to joining Metrowerks in 1995, Mr Perkins was a Partner at Coopers & Lybrand (a predecessor firm to PriceWaterhouseCoopers), where he assisted clients with M&A, financings, IPO’s, capital structures, and business strategy.  Mr Perkins has been an angel investor in various technology start-ups based in Texas, California and Canada.

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