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SiC Systems, Inc. News

SiC Systems Series A Round Will Fund 6" SiC Wafer Development

GOLDEN, Colo., Feb. 11 PRNewswire — SiC Systems, Inc., a closely held manufacturer of silicon carbide substrates, announced successful sales of their Series A investment round which will fund the company to delivery of 150mm (6-inch) silicon carbide wafers later this year. The company recently completed construction of their first manufacturing facility and has begun operation.

SiC Systems' patent-pending manufacturing process, in development for almost two years, overcomes the fundamental design challenges present in current manufacturers' methods. The proprietary system will permit SiC Systems to produce even larger diameter wafers in the future with the process which features none of the scaling or quality problems which plague the nascent industry currently.

Said Ken Whelan, CEO, "We are extremely grateful for the support and confidence demonstrated by our investors to date, and are anxious to reward them as we pursue this improvement in semiconductor technology vital to attaining cost-effective solid state lighting and high power density devices. We are excited about bringing silicon carbide to mainstream semiconductor manufacturers several years ahead of industry expectation."

Developers interested in obtaining research and development quantity samples of the wafers should direct inquiries to Sales@SiCSystems.com.

SiC Systems is a privately held early-stage development company headquartered in Golden, Colorado. Questions regarding this release can be directed to Info@SiCSystems.com or to Ken Whelan at 303-216-2656.

This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Website: http://www.sicsystems.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE SiC Systems, Inc.