Zürich, Switzerland, November 1, 2011 – EXALOS AG (“EXALOS”), a privately held, technology driven Swiss company focusing on the design, development and sales of advanced light sources based on Superluminescent Light Emitting Diodes (“SLEDs”) and Swept Laser Sources (“Swept Sources”), today announced that Dr. Kevin Hsu has joined the Company as Director of Applications Engineering. In the newly created role Dr. Hsu will have overall responsibility for the worldwide daily technical and application support in order to maintain existing business, develop, grow and expand new business opportunities for the Company’s advanced product portfolio.

Kevin brings profound application, sales and marketing experience in optical communications, optical sensing, and bio-medical imaging. During his 24 year career in fiber-optics and photonics, Kevin has been instrumental in conceiving, directing, and advancing the technology growth at Micron Optics, Inc. His input was essential in forging strategic business alliances and exploiting new market opportunities.

Prior to joining EXALOS, Kevin enjoyed a career at the Eastman Kodak Research Laboratories as a Development Engineer in the areas of visible and infrared laser printer systems and as Vice President of Research and Technologies for Micron Optics, Inc.

“EXALOS’ RapidSweep swept-wavelength laser technology has the potential to radically impact the way lasers are used in Optical Coherence Tomography (OCT). The great flexibility of the laser with respect to center wavelength, sweep bandwidth and linewidth will impact the next generation of OCT-based medical instruments. I look forward to working with the team to make this a reality for our customers” commented Kevin.

Christian Velez, EXALOS Board Member and Chief Executive Officer, added, “We are very pleased to welcome Kevin to EXALOS at this exciting time in the Company’s history. One of his primary responsibilities will be our market expansion program for the RapidSweep Laser System. Kevin is a highly regarded senior executive in the field of fiber-optic sensing with broad-base knowledge in medical diagnostic imaging as well. His extensive market development experience in the successful introduction of new light source-, sensing-technologies and systems will be invaluable and will contribute greatly to the achievement of our accelerated growth plans.”