SweGaN reports 300 percent year-on-year growth
"An outstanding year" with a doubling of commercial orders and collaboration in multiple prestigious EU projects
SweGaN AB, a manufacturer of custom-made GaN-on-SiC epitaxial wafers based on a unique epitaxial growth technology for RF and power components and devices, has announced strong results for 2019 with 300 percent year-on-year growth from 2018.
“2019 was an outstanding year for SweGaN with a doubling of commercial orders and collaboration in multiple prestigious EU projects," says Olof Kordina, CEO, SweGaN.
"The technology was highlighted in the largest Swedish technical magazine Ny Teknik which selected SweGaN as one of the most promising and innovative young companies. A featured article in Applied Physics Letters, Volume 115, Issue 22, 'Transmorphic Epitaxial Growth of AlN Nucleation Layers on SiC Substrates for High-Breakdown Thin GaN Transistors', showed the material´s unique very high electrical breakdown voltage making it ideal for power devices.
"In 2020, we will continue focusing on ground-breaking product development, building our manufacturing capabilities and further energizing our global network of customers and strategic partners," Kordina added
SweGaN has further strengthened its board of directors with the introduction of new members Agneta Franksson and Richard Weil at its annual meeting. Agneta Franksson has an MSc in electrical engineering. She has extensive experience from several CEO positions and over 25 years’ experience within R&D and business development and sales focus. Since 2006, she has run her own management consulting company and has served on several boards of directors during the last 14 years.
Richard is a co-founder and MD of Mount Wilson Ventures, an early-stage venture fund that invests in hard science companies rooted in biology, chemistry, materials science, and data science. He is an experienced finance and operating professional with a background in start-up growth, financing and restructuring; banking; and, management consulting.
-“SweGaN is highly pleased to gain the additional expertise of our newest board members," confirms Kordina. "Agneta and Richard bring a wealth of specialised experience, valuable assets to the board of directors in further guiding SweGaN in its long-term strategy and growth.“