ALBUQUERQUE -- Skorpios Technologies, an innovator in composite silicon photonic technology, today announced it has entered into a strategic development agreement with Nokia Siemens Networks, expanding the business relationship between both companies. Together the companies will deliver the most advanced, affordable and efficient optical networking solutions to communications customers.

"We are thrilled to have Nokia Siemens Networks as a development partner," said Stephen Krasulick, President and CEO of Skorpios Technologies. "The execution of this agreement represents a significant milestone for Skorpios Technologies and validates the compelling advantages of our technology."

Skorpios Technologies has developed an advanced Composite Semiconductor on Insulator Technology with significant advantages over traditional technology approaches, including lower cost, reduced size, and decreased power dissipation. Skorpios' breakthrough approach will enable the next generation of optical networking.

"Skorpios' technology is ideally suited for our innovative applications," said Alexander Niepel, Head of Business Development for Optical Networks at Nokia Siemens Networks. "After serious investigation, we're convinced that Skorpios Technologies has a unique approach that will make optical networking available at a scale never before imagined."

"As the leading investor in Skorpios Technologies, we are thrilled to have Nokia Siemens Networks as a Strategic Development partner. It is further validation of the highly differentiated technology and team that we recognized in supporting their development," stated David Blivin, Managing Director of Cottonwood Technology Fund.

"Hulu, Netflix, YouTube and other video-intensive applications are placing significant demands on today's communications infrastructure, and the optical communications industry is racing to create a more affordable, faster and efficient platform. Skorpios' technology will revolutionize the networking communications ecosystem and this partnership agreement with Nokia Siemens Networks is the next step toward that reality," said Lee Rand, General Partner at Sun Mountain Capital.

Skorpios Technologies Inc.

Nokia Networks