LEHIGH VALLEY, Pa.--(BUSINESS WIRE)--Nov. 14, 2005--CyOptics, Inc., a leading supplier of high-speed optical chips and components for broadband communication solutions, today announced that Matthew Riley has joined the company as Chief Financial Officer.

Riley served as senior vice president and controller for Agere Systems until his departure in early 2003. He was the acting CFO of Agere during its separation and carve-out from Lucent Technologies leading up to its successful $4.2B IPO. Prior to that, he served as CFO of the Lucent Microelectronics Group that grew to $3.5B in sales as a provider of both integrated circuits and optoelectronics components. During his career with Lucent Technologies and AT&T he held numerous financial and strategic planning positions.

"We are extremely pleased to have an individual with the broad based financial skills and experiences that Matt brings," said Ed Coringrato, President and CEO of CyOptics, Inc. "I am confident that Matt will be a valuable resource as we continue to grow and diversify our business."

The Lehigh Valley, Penn.-based company has raised over $100M in financing to date and has recently completed the acquisition and integration of TriQuint Semiconductor's Optoelectronics Division. Its high performance indium phosphide based lasers and detector products are sold to global module and systems level manufactures of optical communications equipment.

About CyOptics

CyOptics is a full line supplier of high-speed optical chips and components for broadband access, metro, and long-haul communications systems. The company develops active indium phosphide laser and detector components that are manufactured on a highly flexible, "nano-tech" capable robotic assembly process that delivers high uniformity and low cost. It has chip fabrication operations in Lehigh Valley, PA and automated packaging and testing operations in Matamoros, Mexico. CyOptics is ISO 9001:2000 certified. For more information, please visit www.cyoptics.com or call 1-484-397-2061.