08/02-2010 08:55:00: (IGNIS) Ignis signs new splitter agreement in China

Oslo, 8 February 2010. Ignis ASA, an international provider of optical
components, announced today that they have signed a new major supply agreement
for splitter chips to a leading Chinese manufacturer of optical modules.  The
agreement is signed for a period of three years with an estimated value in 2010
of minimum USD 2.0 million.

The first purchase order of approximately USD 1.3 million for delivery H1 2010
has been placed upon signing of the agreement.

Ignis continues to experience substantial demand for splitter products in Asia
and keeps growing their business in the Asian markets.  Many Asian telecom
operators are ramping up their expansion of high speed broadband networks, and
splitter products play an important role in these networks.

- Asian telecom operators are investing aggressively in fiber networks and the
demand for Ignis products is noticeably increasing. However, the market
activities are not limited to Asia as increasingly more inquiries and purchase
orders are coming from EU and USA, says Matt Lee, COO in Ignis ASA.

Ignis is developing a strong customer base around the world and China represents
a strategically important market to the company.  This announcement marks the
third new agreement entered into this year in China demonstrating Ignis' ability
to compete effectively in this market.





About Ignis

Ignis ASA is comprised of three subsidiaries including 69.3% ownership in Ignis
Fira in Korea, the wholly owned Ignis Photonyx in Denmark and Ignis Syntune in
Sweden.  Ignis is a leading international provider of optical splitters,
multiplexers, and state-of-the-art widely tunable lasers for applications
ranging from fiber-optic communications to sensor systems.  Headquartered in
Oslo Norway, Ignis ASA is listed on the Oslo Stock Exchange (OSE: IGNIS).





For further information, please contact:



Thomas Ramm, Chief Executive Officer, Ignis ASA
Tel: +47 913 70 795
Mail: thomas.ramm@ignis.com

Walker Kinman, Chief Financial Officer, Ignis ASA
Tel: +46 70 722 6513
Mail:  walker.kinman@ignis.com



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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