News Article

PHIX Photonics Assembly Secures Next Round Of Financing, LioniX International Obtains A Majority Share


PHIX Photonics assembly (PHIX) moves forward in the next
step of its growth due to the recent acquisition of LioniX International BV by
Magic Micro Co. Ltd . As part of this acquisition and the further
implementation plan towards high volume assembly of Photonic Integrated Circuit
(PIC) modules, LioniX International has
increased its share in PHIX. This will strengthen its position as a vertical
integrated supplier of PIC based modules.

In parallel to this change in ownership, PHIX also secures
financial support for the upscaling from semi- automated to fully-automated
assembly lines. Both Magic Micro and Panthera International (the original main
shareholder of LioniX International) are committing to financially support PHIX
for further upscaling. This growth is needed to serve current customers and
market demands.

"˜This participation will enable us to serve our worldwide
customers for moving from prototyping to high volume manufacturing of PIC based
modules', said Hans van den Vlekkert, CEO of LioniX International.

"˜With this investment we can boost our growth in the PIC
assembly arena, this will specifically accelerate the implementation of our
automated assembly lines', said Albert Hasper, CEO of PHIX

"With this increased participation the position of Magic
Micro in the field of integrated photonics is further strengthened. We now can
offer our Korean customers a complete solution from prototyping to high volume
production for PIC based products", said William Jang, CEO of Magic Micro.

Details of the financial support are not disclosed.

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