EXHIBIT 99.1
| NEWS RELEASE | |
| For Release on October 16, 2012 | Contact: Frank D. Romejko |
| 4:00 PM (ET) (925) 302-1014 | Vice President of Finance / Interim Chief Financial Officer |
Giga-tronics Reports Second Amended and Re-stated Loan and Security Agreement
Credit Facility Agreement Signed October 12, 2012
San Ramon, CA – October 16, 2012 – Giga-tronics Incorporated (Nasdaq: GIGA) and Silicon Valley Bank have agreed to terms for a new credit facility. With an effective date of October 12, 2012 the new agreement increased the bank commitment from $1.5 million to $2.0 million. The maturity date of this agreement is October 12, 2013.