Date: Jun 26, 2012 Author: press release Source: Business Wire (
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DURHAM, N.C.--(BUSINESS WIRE)--Gaas Labs, LLC, a private investment fund targeting the communications semiconductor market led by industry veteran John Ocampo, announced today that it has acquired privately-held Nitronex Corporation, an innovative leader in the design and manufacture of gallium nitride (GaN) based RF solutions for high performance applications in the defense, communications, cable TV, and industrial & scientific markets. Founded in 1999 and headquartered in Durham, North Carolina, Nitronex is a leading provider of high-performance GaN-on-Silicon semiconductor solutions using its proprietary SIGANTIC® manufacturing process. The Nitronex process combines the superior power, efficiency and bandwidth performance of GaN with the reliability, ease of use and low-cost advantages of industry standard Silicon substrates. Financial terms of the transaction were not disclosed.
"We are excited to add Nitronex, a leading innovator in GaN-based RF solutions, to our portfolio of RF semiconductor companies"
"We are excited to add Nitronex, a leading innovator in GaN-based RF solutions, to our portfolio of RF semiconductor companies," said John Ocampo, Co-Founder and President of Gaas Labs. We look forward to helping Nitronex further leverage its products and technologies and extend its RF market leadership."
Charles Shalvoy, CEO of Nitronex commented on the acquisition: "John Ocampo and Gaas Labs have demonstrated their ability to build and develop companies that realize their full growth potential. Partnering with Gaas Labs is an important milestone for Nitronex, which will enable us to deliver greater value to our customers in the rapidly growing, high performance, GaN RF power device market. We are thrilled to continue advancing our GaN-on-Silicon technology and expanding our market presence with Gaas Labs' backing and the aid of their strategic and operational expertise."
ABOUT GAAS LABS LLC
Gaas Labs, LLC is a private investment fund targeting the communications semiconductor market. Gaas Labs is focused on providing the financing and operational expertise necessary to help grow the next generation of world-class semiconductor companies. Led by John Ocampo, co-founder of Sirenza Microdevices (acquired by RF Microdevices, Inc.), the Gaas Labs team has extensive experience and a proven track record of success in developing and supplying high performance semiconductors and related devices for RF, microwave and related applications in commercial communications, satellite and defense-related markets worldwide.
ABOUT NITRONEX CORPORATION
Nitronex Corporation is an innovative leader in the design and manufacture of gallium nitride (GaN) based RF solutions. Nitronex is the pioneer in developing high performance gallium nitride on silicon (GaN-on-Si) semiconductor solutions using its proprietary SIGANTIC® manufacturing process. Nitronex products enable high performance applications in the defense, communications, cable TV, industrial, and scientific markets.
Contacts
Gaas Labs, LLC
MEDIA CONTACT:
John Ocampo, 978-656-2663
FOR SALES INFORMATION, PLEASE CONTACT: info@nitronex.com
