25 February 2020
SweGaN grows revenue 300% year-on-year in 2019
SweGaN AB of Linköping, Sweden, which manufactures custom gallium nitride on silicon carbide (GaN-on-SiC) epitaxial wafers (based on a unique growth technology) for RF and power electronics devices, has reported revenue growth of 300% year-on-year in 2019. “2019 was an outstanding year for SweGaN, with a doubling of commercial orders and collaboration in multiple prestigious EU projects,” says CEO Olof Kordina.
The firm’s technology was highlighted in the largest Swedish technical magazine Ny Teknik, which selected SweGaN as one of the most promising and innovative young companies. Also, a featured article ‘Transmorphic Epitaxial Growth of AlN Nucleation Layers on SiC Substrates for High-Breakdown Thin GaN Transistors’ in Applied Physics Letters, volume 115, issue 22, showed the material’s unique very high electrical breakdown voltage, making it suitable for power devices.
In addition, SweGaN has further strengthened its board of directors with the introduction of new members Agneta Franksson and Richard Weil at its annual meeting on 12 February:
- Agneta Franksson has an M.Sc. in Electrical Engineering and extensive experience from several CEO positions and over 25 years’ experience in R&D and business development and sales. 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 managing director 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.
“Agneta and Richard bring a wealth of specialized experience, valuable assets to the board of directors in further guiding SweGaN in its long-term strategy and growth,” comments Kordina.