Press Releases

SkyWater Technology to Announce Third Quarter 2022 Financial Results on November 7th

By Rocket55 |

BLOOMINGTON, Minn. – October 17, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report third quarter fiscal 2022 financial results for the period ended October 2, 2022 following the close of the market on Monday, November 7, 2022. The same afternoon, management will host a webcast to discuss its business and financial results.

SkyWater Technology Third Quarter Fiscal 2022 Earnings Webcast
When: Monday, November 7, 2022
Time: 3:30 p.m. CST (4:30 p.m. EST)
Live Webcast: https://ir.skywatertechnology.com

An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Investor Contact: Claire McAdams | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

US Government to Fund Expansion of IP Ecosystem for SkyWater’s 90 nm Rad-Hard Platform

By Rocket55 |

Industry executives, academia and local government to share how strategic partnerships can support domestic R&D and manufacturing following passage of CHIPS Act

BLOOMINGTON, Minn. – October 12, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the Department of Defense (DOD) is investing $12 million to expand the intellectual property (IP) ecosystem for the company’s 90 nm radiation-hardened (rad-hard) by process offering, as part of the previously announced $27 million investment. SkyWater has been making considerable and measurable progress with its RH90 technology roadmap to broaden onshore production capabilities for strategic rad-hard electronics.

SkyWater previously announced partnerships with Trusted Semiconductor Solutions and CAES to develop the RH90 process design kit (PDK), and to support qualification for the rad-hard by process platform. Both partners will continue support on this platform by designing and validating critical IP building blocks. By having validated IP building blocks already inside a platform, it is faster and more efficient to design a chip. It also reduces the risk of having to redesign due to the use of unvalidated building blocks – redesigning takes much longer to get chips deployed in mission critical systems.

SkyWater established an Early Access Program (EAP) providing customers with an opportunity to evaluate the increased circuit density and improved speed, power, and performance capabilities of this next generation technology. SkyWater has released its initial PDK and launched its first multi-project wafer (MPW) shuttles for RH90 as part of the EAP with support from Trusted Semiconductor Solutions, a proven expert in rad-hard microelectronics and advanced system-on-chip and system-in-package solutions for military, space and industrial markets. As part of the MPW shuttle run, customers had the opportunity to test and validate their own IP as well as evaluate the RH90 PDK, IP blocks and design features prior to technology qualification.

Subsequently, SkyWater partnered with CAES to leverage their expertise in the design, testing, qualification and manufacturing of rad-hard high reliability integrated circuits and system-in-package solutions to enable ecosystem partners to collaborate on furthering U.S. national security missions. CAES will lead SkyWater through qualification; a very rigorous effort including radiation testing and reliability testing. Productization and qualification of SkyWater’s RH90 and the development of IP design libraries will enable CAES and ecosystem design and manufacturing partners to produce processors, security engines, memory, interface devices application-specific integrated circuits (ASICs) and other strategic applications for mil/aero and commercial markets.

“Trusted Semiconductor Solutions and CAES are each invaluable ecosystem partners for the evolution of our rad-hard by process offering,” said Dr. Steven Kosier, SkyWater CTO. “Trusted Semi was instrumental in the development of the RH90 PDK and IP libraries which readied us to launch our MPW shuttle in a move toward customer engagement. CAES’ 90 nm process qualification expertise for the U.S. Government is unique in the industry and will help accelerate productization of our RH90 process to strengthen the Trusted supply chain and meet the demands of mission critical strategic products.”

“Next generation systems will need to operate in very complex, demanding radiation environments, and we are proud to partner with SkyWater on their development for aerospace and defense markets. CAES brings decades of radiation hardening expertise and combining our technical capabilities with SkyWater’s RH90 platform will provide the industry with solutions to meet the demands of the future,” said Mike Kahn, CEO, CAES.

“We are impressed with the strides SkyWater has made in a short time – from expediting its DOD-backed facility expansion to successfully completing the base prototype project,” said Allan Hurst Jr., president and CEO of Trusted Semiconductor Solutions. “Working together, we were able to quickly create the PDK to set the stage for developing the RH90 offering and achieving important milestones.”

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

Congresswoman Betty McCollum Visits SkyWater’s Minnesota Facility for a Tour and Discussion on the US Semiconductor Industrial Base and the CHIPS Act

By Rocket55 |

Under Secretary of Defense Heidi Shyu joins Rep. McCollum on tour of various facilities in Twin Cities with an impact on the defense industry, national security and the Minnesota economy

BLOOMINGTON, Minn. – October 10, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it hosted Congresswoman Betty McCollum (MN-04) on October 7th for a tour of its Minnesota facility and a discussion on the U.S. semiconductor industrial base and the investments Congress has made in microelectronics with the CHIPS Act. As Chair of the House Appropriations Subcommittee on Defense (HAC-D), McCollum welcomed Under Secretary of Defense for Research and Engineering/DOD Chief Technology Officer Heidi Shyu and the DOD’s Principal Director for Microelectronics Dr. Devanand Shenoy to join her on the tour of Twin Cities companies, including SkyWater.

During the visit to SkyWater, the discussion focused on the company’s value chain for both Department of Defense and commercial technologies and how it is leveraging public-private partnerships at its semiconductor manufacturing sites. The delegation toured the DOD-funded expansion of SkyWater’s Trusted facility which added clean room area and supporting infrastructure to enable radiation-hardened and complementary technologies. Recently, the DOD determined that SkyWater has successfully completed the base prototype project and awarded the company an additional $99M for productization and qualification of its 90 nm rad-hard process.

In addition, SkyWater presented its Technology as a ServiceSM (TaaS) business model, which enables funded technology development projects in the same facility that it runs manufacturing, allowing for a seamless transfer of developed technology into production and is a unique model in the industry.

“We very much appreciate the interest in SkyWater by Representative McCollum and Under Secretary Shyu and the time they spent with us to learn more about our mission and value drivers for the DOD,” said Thomas Sonderman, SkyWater president and CEO. “We will continue to be a strong partner for the DOD, contributing to the national security of our country. SkyWater has been making significant progress with our RH90 technology roadmap to broaden onshore production capabilities for strategic rad-hard electronics.”

Sonderman continued, “We look forward to supporting efforts that stem from the CHIPS Act by leveraging our commercial, government and academic partners to bolster U.S. manufacturing, develop the nation’s workforce and improve our country’s competitiveness.”

Earlier in the day, McCollum and Shyu participated in a roundtable event at St. Thomas University in St. Paul where more than 85 business, tech, and startup executives discussed the role national security plays in Minnesota’s economy; how the Twin Cities is uniquely suited to leverage its collective commercial and academic talent to contribute to national security priorities.

In her opening remarks at the roundtable event, McCollum stated, “The DOD needs to leverage the entirety of our commercial sector, from startups and small businesses all the way up to the primes, if we are going to stay competitive with our adversaries. But that means engaging with areas of the country that may not be traditional defense industrial states.”

McCollum added, “Congress is going to continue to invest in research and development – the innovations that will strengthen our whole community, including our commercial and our academic sectors. This is a critical time in history, and we are living through events that will fundamentally reshape the world we live in for the rest of our lives. We need everyone – all of our workforce talent – in industry, in academia, and in the public sector, to step up together and meet the challenges we face.”

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater to Host Roundtable at Purdue to Discuss Collaboration Models for Building Comprehensive Semiconductor Ecosystem in Indiana

By Rocket55 |

Industry executives, academia and local government to share how strategic partnerships can support domestic R&D and manufacturing following passage of CHIPS Act

WEST LAFAYETTE, Ind. – October 5, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it is hosting an executive roundtable at Purdue University today to discuss how strategic partnerships in Indiana can fast-track domestic capabilities, strengthen supply chains and foster national security. The roundtable includes participants from various segments of the semiconductor industry, academia and local government and is taking place during the 2022 Semiconductor Week at Purdue. SkyWater is also participating in the Purdue Semiconductor Degree Leadership Board Annual Meeting and the company’s President and CEO Thomas Sonderman is the keynote speaker at the Greater Lafayette Annual Celebration.

Pursuant to the passage of the CHIPS and Science Act and following SkyWater’s announcement of plans to build a $1.8 billion fab at Purdue Research Foundation’s Discovery Park, the company is initiating the development of a comprehensive semiconductor ecosystem in Indiana to support U.S. innovation, manufacturing and workforce development, enabled by public investments.

Purdue is creating an environment focused on microelectronics, including its new Semiconductor Degrees Program (SDP), Birck Nanotechnology Center and secure defense research. SDP is a suite of innovative credentials and degrees that will educate both graduate and undergraduate students, enabling a quick ramp-up of skilled talent and creating the next-generation of semiconductor workforce to reassert U.S. prominence in this critical industry.

“Indiana offers a robust business culture and generations of manufacturing know how. SkyWater is very excited to be part of the emerging Silicon Heartland and to develop an ecosystem in Indiana that accelerates domestic semiconductor innovation and manufacturing,” said Sonderman. “We look forward to partnering with customers, material suppliers, equipment providers, universities and government entities to leverage CHIPS-derived investment that expedites domestic capabilities and generates high tech jobs in the region.”

To find out more about SkyWater’s activities in Indiana, please contact Todd Pedersen, vice president of corporate development at todd.pedersen@skywatertechnology.com.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

U.S. Department of Defense Awards SkyWater up to $99M in Additional Funding to Advance Rad-Hard Technology to Productization and Qualification

By Rocket55 |

BLOOMINGTON, Minn. – September 27, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the Department of Defense (DOD) has awarded the company up to $99 million as a continuation of the previous initiative to broaden onshore production capabilities for strategic radiation-hardened (rad-hard) electronics. The DOD recently determined that SkyWater has successfully completed the base prototype project for its 90 nm rad-hard process (RH90), part of the previously announced $170 million investment. This additional award enables the move to productization and qualification, which is already underway.

During the RH90 base program phase, SkyWater worked with partners to establish components of the RH90 ecosystem, including an initial PDK, the multi-project wafer (MPW) shuttle program coupled with an Early Access Partner Program, and engaged with IP providers to develop SRAM compilers and embedded FPGA IP needed to make designing into RH90 easier. The next step is qualification – a rigorous effort including radiation and reliability testing. Further development of IP design libraries will enable ecosystem design and manufacturing partners to produce processors, security engines, memory, interface devices application-specific integrated circuits (ASICs) and other mission-critical strategic products.

According to SkyWater President and CEO Thomas Sonderman, “This is one more milestone in our RH90 technology roadmap and speaks to the viability of our Technology as a Service business model and the open ecosystem we are creating with our unique technology foundry offering. SkyWater’s mix of defense and commercial business provides viability to meet long-term system procurement timeframes.”

SkyWater’s RH90 process is expected to be qualified by the end of 2024 and added to DOD’s Defense Logistics Agency’s (DLA’s) qualified manufacturers’ list, with a classification V designation (QML-V). These listings are necessary to deploy systems and meet the mission profile required for hardness and reliability.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater to Provide Foundry Service for new NIST and Google Partnership to Create Supply of Chips for Researchers and Tech Startups

By Rocket55 |

Appoints Brian Lenihan vice president of government relations to build upon SkyWater’s strategic initiatives in support of the CHIPS Act

BLOOMINGTON, Minn. – September 15, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it will manufacture chips that researchers can use to develop new nanotechnology and semiconductor devices through a cooperative research and development agreement between the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) and Google. Through the partnership, Google will pay the initial cost of setting up production and will subsidize the first production run. NIST, with university research partners, will design the circuitry for the chips. The circuit designs will be open source, allowing academic and small business researchers to use the chips without restriction or licensing fees.

SkyWater President and CEO Tom Sonderman talks with U.S. Secretary of Commerce Gina Raimondo at an event at Purdue University on Tuesday, September 13, 2022.

“It was exciting to hear Secretary Raimondo announce the partnership between NIST, SkyWater and Google during her visit to Purdue this week, along with Secretary Blinken, Senator Young and Indiana Governor Holcomb to discuss the role of universities in CHIPS Act funding related to microelectronics research, manufacturing and workforce development,” said SkyWater President and CEO Thomas Sonderman.

SkyWater has a history of public-private partnerships and will continue that success with the appointment of Brian J. Lenihan to the role of vice president of government relations, based in Washington D.C. Lenihan brings extensive public policy experience and will be focused on deepening the company’s relationships within all levels of government, highlighting SkyWater’s value as the only U.S.-owned pure-play foundry. He will play a key role in leading government relations initiatives in support of the CHIPS Act to further U.S. innovation, workforce development and secure manufacturing.

Vice President of Government Relations Brian Lenihan

“Brian joins SkyWater following his efforts in the Department of Commerce and NIST to drive public policy forward for the microelectronics industry, and now he will leverage his expertise to enhance SkyWater’s offerings to our customers and the country,” said Sonderman. “We are pleased to have a leader of Brian’s caliber and capability join SkyWater’s ranks to continue the efforts we have achieved so far. He will be key to our success, especially at this time, when effective engagement with stakeholders has never been more important to enhance America’s standing in the most advanced technologies.”

Prior to SkyWater, Lenihan served in a variety of public and private roles within the government affairs realm, as a presidentially appointed senior executive in positions at the U.S. Department of Commerce. Previously serving as the executive director of SelectUSA, the U.S. government’s business investment agency, he also held roles as senior advisor in the offices of the Secretary, Deputy Secretary and other agency leaders, including chief of staff at NIST. In addition to his roles in the Executive Branch, Lenihan led regulatory and federal affairs for trade associations and served as a legislative aide to three respected and senior members of the U.S. House of Representatives. He received his B.A. in political science from the University of Central Florida.

“SkyWater is at the leading-edge of microelectronics, co-developing differentiated products with its customers using its unique Technology as a Service (TaaS) business model and is particularly well-positioned in delivering critical technologies for our Nation’s security,” said Lenihan. “I am thrilled to work with SkyWater colleagues to build upon their achievements and to work with our partners and stakeholders to advance the goals of the company and our country to build truly foundational opportunities for economic growth, national security, and advanced technological innovations.”

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater CEO Thomas Sonderman Presents Keynote to Purdue Engineering Students, Reinforces Workforce Development in Support of CHIPS Act

By Rocket55 |

Todd Pedersen joins the company as vice president of corporate development with an initial focus on Indiana operations at Westgate and Purdue

WEST LAFAYETTE, Ind. – September 14, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the company’s president and CEO Thomas Sonderman presented a keynote, addressing more than 300 engineering students at the Purdue Semiconductors Info Session last night. Sonderman provided an overview of the semiconductor industry and SkyWater’s plans for a $1.8 billion manufacturing facility in Indiana on the Purdue campus.

SkyWater CEO Thomas Sonderman Presents Keynote to Purdue Engineering Students

At the Info Session, students learned about what Purdue has to offer in semiconductor degrees and courses and heard from industry leaders about careers and other opportunities in semiconductors. The Info Session was hosted by Purdue College of Engineering Interim Dean, Dr. Mark Lundstrom. In addition, SkyWater participated in the largest student run job fair in the U.S. organized by Purdue Engineering Student Council.

Earlier in the day, U.S. Secretary of State Antony J. Blinken, U.S. Secretary of Commerce Gina M. Raimondo, Indiana Governor Eric J. Holcomb, and U.S. Senator Todd Young visited the campus to discuss the role of universities like Purdue in CHIPS Act funding related to microelectronics research, manufacturing and workforce development. Purdue University President Mitch Daniels moderated the discussion.

According to Sonderman, “SkyWater fully supports the initiatives set forth by the Biden administration and Congress to ensure the U.S. retains the lead in R&D and innovation; regains onshore manufacturing capacity; and develops the talent needed to operate new and expanded domestic facilities

Sonderman continued, “We’re excited about all the efforts Purdue and the State of Indiana are putting forth to support the nation’s semiconductor supply chain and look forward to our continued partnership in building the new fab. As such, we’re pleased to announce the addition of Todd Pedersen, VP of corporate development, who will serve as SkyWater’s lead project executive in Indiana.”

Pedersen has deep roots in Indiana and currently serves on the Board of Directors of the Indy Chamber, the Greater Indianapolis Progress Committee and the Economic Club of Indiana. He has worked in various business development roles such as the state director of life sciences at the Indiana Economic Development Corporation under then Governor Mitch Daniels. Pedersen served on the Board of Directors of the Indiana Small Business Loan Administration within the Indiana Finance Authority and is the past-Chair of the Develop Indy Council. He holds a bachelor’s degree in history and an MBA from Indiana University.

According to Pedersen, “I’m looking forward to establishing local offices and bases of operations for Indiana project development. This is such a unique opportunity to be part of SkyWater and the revitalization of the semiconductor industry right in my own backyard. While initially focused on Indiana, I look forward to providing corporate development services across the entire company, helping enable SkyWater’s unique growth opportunities.”

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater to Leverage $36.5M Department of Commerce Grant to the Florida Semiconductor Coalition to Expand its Advanced Packaging Facility Operations in Florida

By Rocket55 |

Grant is part of $50.8M award from the Economic Development Administration’s Build Back Better Regional Challenge to grow Osceola County’s NeoCity as an innovation center for semiconductor research, design and manufacturing

BLOOMINGTON, Minn. – September 6, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that $50.8M has been awarded to Osceola County Board of County Commissioners for building Central Florida’s Semiconductor Cluster for Broad-Based Prosperity, as part of the U.S. Department of Commerce Economic Development Administration’s (EDA’s) Build Back Better Regional Challenge. The Osceola County-led Prosperity Coalition Proposal will build upon the initial success of NeoCity, by investing in infrastructure, workforce development and community reinvestment that leverages new, high-demand production processes to propel Central Florida as a leader for semiconductor research, development and manufacturing.

SkyWater’s Chief Operations Officer John Spicer delivers remarks at the Osceola County press conference after the award was announced on Friday afternoon, September 2, 2022.

EDA funds will be allocated among six component projects, two of which include $36.5M in federal funding for enhancements to SkyWater’s advanced packaging operations at the Center for Neovation: expansion and facilitization of the clean room and purchase and installation of tools and machinery. Pursuant to the award, SkyWater will provide a 20% “matching share” of the project costs associated with the facility.

Coalition partners include the Orlando Economic Partnership, the University of Central Florida (UCF), BRIDG, SkyWater, the Florida High Tech Corridor and Valencia College. The Osceola County coalition was one of 21 winners out of over 500 submissions and the only recipient from the semiconductor industry.

“The Biden Administration is committed to increasing domestic semiconductor production, strengthening R&D leadership, and growing a diverse workforce for this critical industry,” said U.S. Secretary of Commerce Gina Raimondo. “This is a transformative investment that will diversify the state’s economy, revitalize the community around an industry of the future, and support the development and manufacture of low-volume, highly customized semiconductor products that are vital to Florida’s aerospace, defense, and medical industries.”

“This Build Back Better Grant will help address the microchip shortage, lower costs and boost local high paying jobs,” said Congressman Darren Soto (FL-09).

“We are excited to participate in this Build Back Better award, which was secured through the exceptional efforts of Osceola County, BRIDG and members of the coalition, and we commend the Biden administration’s focus on public-private partnerships to propel American semiconductor R&D and manufacturing to the next level,” said SkyWater President and CEO Thomas Sonderman. “The progress made to date at NeoCity in such a brief time is outstanding. SkyWater is committed to growing our operations at the Center for Neovation with the support of this funding to accelerate the reshoring of the semiconductor supply chain.”

SkyWater’s ecosystem partners at the Center for Neovation include BRIDG, a nonprofit focused on building the ecosystem at NeoCity, IMEC, an international research and development organization active in the fields of nanoelectronics and digital technologies; Tokyo Electron (TEL), a leading provider of semiconductor equipment; and SUSS MicroTec, a leading provider of advanced packaging and hybrid bonding tooling, among others. To learn more about NeoCity, visit Orlando.org/neocity.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

SkyWater Names Supplier Excellence Award Recipients

By Rocket55 |

Winners demonstrate strong commitment to collaboration, quality and performance in supporting crucial semiconductor industry

BLOOMINGTON, Minn. – August 18, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its first Supplier Excellence awards by recognizing top performers selected from among the company’s extensive list of approved suppliers. Award winners include: Toll Gas Company, Preferred Electric and Central McGowan as well as several individuals from these companies for their outstanding contributions.

The chosen suppliers exceeded a stringent set of quality performance criteria, played a significant role in supporting SkyWater initiatives and/or contributed to the company’s success by mitigating supply risks. Semiconductors are crucial to the functioning and success of almost every industry and are strategically important in the economy of the world.

According to SkyWater’s Executive VP of Operations John Spicer, “SkyWater’s mission is to co-create technology solutions that bring our customers’ ideas to life through an ecosystem of agile development, trusted IP security and quality manufacturing services. Achieving this mission depends largely on the quality of services our partners provide on a continuous basis. These strong partnerships are critical in helping ensure our facility runs at peak performance 24 hours a day, seven days a week, 365 days a year.”

Spicer continued, “We are pleased to recognize our supplier partners for their ongoing commitment to excellence and sincerely appreciate their contributions to the continued success of SkyWater and our valued customers.”

For more information on SkyWater’s commitment to quality excellence, please visit the company’s blog: “An Effective and Efficient Quality Management System Enables Innovation,” by Carmen Cecman, quality assurance engineering manager.

SkyWater employees Jane Juutilainen, Gabriella Haws and Carmen Cecman recognize Toll’s Michelle Michaud, Rob Kurvers, Chuck Allard, Brian Bohanon and Peggy Jindra with a Supplier Excellence award for their outstanding performance.
SkyWater employees express appreciation to Preferred Electric with a Supplier Excellence award for completing multiple massive projects on time while maintaining excellent quality of workmanship. Pictured from left front: Sam Marroquin, Edmund Belland, Alvin Kolkind, Chris Lamprecht, Keith Black, Nick Johnson. Back row from left: Joe Opat, Matt Fridgen, Matt Holland, Silvestre Ortiz-Garcia, Marcus Young, Austin Dahling, Bob Rasmussen and Matt Newman

 

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com

NanoDx and SkyWater Announce First Commercially Ready Nano Biosensor to Yield Protein Response

By Rocket55 |

Milestone in real-time, point-of-care diagnostics for traumatic brain injury and other disease applications

BLOOMINGTON, Minn. – August 17, 2022 – NanoDx, Inc., a developer of breakthrough point-of-care diagnostic solutions and SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the first commercially ready nano biosensor to yield a protein response. The unique size and electrical properties of nanosensors allow detection of biomarkers and infections never before possible in a simple, portable, point-of-care system. This milestone enables NanoDx to prepare and submit the product for FDA review and eventual commercialization.

Nanosensor technology utilizes the distinctive properties of nanomaterials to detect, measure, and analyze physical quantities at the nanoscale level. Compared to traditional detection methods, nanosensors enable real-time monitoring and demonstrate significant advantages in cost. NanoDx’s system utilizes a patented nanosensor design that includes an array of highly sensitive nanowires that measure electrical resistance and are functionalized with antibodies that bind with target biomarkers.

In July 2021, NanoDx entered into a licensing agreement with IBM Research for the use of its complementary metal-oxide semiconductor (CMOS) compatible nanosensors technology, giving NanoDx the potential to provide an objective and real-time assessment of injury or infection at a greater sensitivity and specificity than traditional and other point-of-care tests. Building upon the licensed IBM Research technology, NanoDx partnered with SkyWater to co-develop and produce the nanoscale sensors. Subsequently, NanoDx engaged with FTI Consulting to further transition the organization from product development to preparation for commercialization.

NanoDx’s nanotechnology platform delivers several key advantages in patient care:
• Highly sensitive and reliable results
• Test location flexibility with simple, easy-to-use system
• Increased patient throughput: more patients treated in less time
• Streamlined workflow, which increases staff productivity, and
• Direct and indirect cost reduction.

“Leveraging the licensed IBM Research technology in collaboration with SkyWater and FTI Consulting has enabled us to achieve this milestone in record time. We can now take advantage of our FDA breakthrough designation for traumatic brain injury and prepare for pivotal trials followed by FDA submission,” said NanoDx President and CEO George Serafin. “SkyWater’s support has been instrumental in enabling us to quickly develop our diagnostic solution and to advance its production readiness. We plan to follow this with other disease applications to address critical unmet market needs.”

“NanoDx, using IBM-licensed CMOS technology, has been co-developing this breakthrough at SkyWater by leveraging our Technology as a Service model to rapidly demonstrate concepts and optimize their architecture as they prepare to go to market and ramp to production,” said Steven Kosier, SkyWater CTO. “We are pleased with the accelerated timeline we were able to achieve and are proud to enable breakthrough advantages for diagnostic healthcare solutions.”

About NanoDx. Inc.
NanoDx is a privately-held, U.S.-based medical device company developing rapid near-patient, point-of-care testing in-vitro diagnostic products on its proprietary nanowire biosensor platform. The NanoDx™ System provides direct measurement of blood and saliva analytes normally in less than four minutes from either a drop of whole blood or a small saliva sample. The System consists of a single-use, disposable test cartridge, and an analyzer.  The company is focused on two near-term indications: traumatic brain injury (TBI) and Covid-19. The NanoDx™ System offers compelling competitive advantages based on its ultra-sensitivity and accuracy, speed, value, and ease of use. Future development targets include stroke, sepsis, infectious diseases and oncology.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

NanoDx Company Contact: Mike Sampson | msampson@nanodiagnostics.com
SkyWater Company Contact: Tara Luther | 952.851.5023 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | lauri.julian@skywatertechnology.com