Wednesday, October 6, 2010

Kyma Acquires Select Assets and IP Rights from Fox Group

Raleigh, NC / Oct 6, 2010 – Kyma Technologies, Inc., a leading supplier of ultra-high purity crystalline gallium nitride (GaN) and aluminum nitride (AlN) materials and related products and services, is pleased to announce that Kyma has acquired from The Fox Group certain assets and intellectual property rights.

The Fox Group is a privately-held US corporation with a portfolio of proprietary intellectual property (IP) relating to growth of compound semiconductor crystals and crystal layers. Kyma and Fox have been in discussions over such a possible deal for the past two years.

The assets and IP rights acquired by Kyma pertain to nitride semiconductor hydride vapor phase epitaxy (HVPE) and light emitting semiconductor materials and devices.

Kyma expects the acquired resources to accelerate Kyma’s advances in materials and processes, in both contract R&D and product development.

“Working with Fox CEO Barney O’Meara on this has been a great experience,” stated Kyma president and CEO Dr. Keith Evans. “We believe this deal adds significantly to our ability to improve certain products and to develop new products which will become important for several electronic and optoelectronic device applications.”

“Fox engineers were able to produce certain (Al,Ga)N structures and certain p and n doped layers that are of immediate interest to both our current HVPE products and our new product development plans,” added Dr. Edward Preble, Kyma CTO and Vice President of Business Development.

"Fox Group is very pleased that our key equipment, patent rights, and know-how have been acquired by Kyma, a world leader in the compound semiconductor materials that enable the next generation of energy-saving and environmentally-friendly products,” said Barney O’Meara, President & CEO of The Fox Group. “Kyma has solid expertise and deep experience in HVPE processes, and these added assets should have a multiplier effect, to help accelerate Kyma to the next level.”

Details of the transaction are confidential.

About The Fox Group:

Founded in 1999, The Fox Group is a privately-held US corporation with a portfolio of proprietary intellectual property (IP) relating to growth of compound semiconductor crystals and crystal layers. The Fox Group’s IP includes both patents and know-how owned by The Fox Group, plus patents rights and know-how licensed exclusively to The Fox Group.

After proving these technologies in the areas of silicon carbide (SiC), aluminum nitride (AlN), gallium nitride (GaN), aluminum gallium nitride (AlGaN), and the Hydride Vapor Phase Epitaxy (HVPE) method of making both blue and ultraviolet (UV) light emitting diodes, The Fox Group is now licensing rights to other companies.

For more information about The Fox Group visit their website at www.thefoxgroupinc.com.

About Kyma Technologies:

Kyma is a leading supplier of crystalline gallium nitride (GaN) and aluminum nitride (AlN) materials for a broad range of high performance nitride semiconductor device applications.

The market for nitride semiconductor devices is expected to surpass $30B over the next decade. The combined addressable market for GaN and AlN substrates is expected to surpass $500M in 2010.

For more information about Kyma Technologies, visit www.kymatech.com, e-mail info@kymatech.com , or call the company directly at 919.789.8880.

Kyma is a registered trademark of Kyma Technologies, Inc.

No comments:

Post a Comment