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Kyma Technologies Acquires Assets and IP from Fox Group

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.

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