Press Releases

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner today announced that it intends to report fourth quarter fiscal 2021 financial results for the period ended January 2, 2022 following the close of the market on Tuesday, February 22, 2022. The following morning, management will host a webcast to discuss its business and financial results.

SkyWater Technology Fourth Quarter Fiscal 2021 Earnings Webcast
When: Wednesday, February 23, 2022
Time: 9:00 a.m. CT (10:00 a.m. ET)
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 DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 Investor Contact: Heather Davis | investor@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

Program developed in partnership with National Institute of Innovation and Technology and Hennepin Technical College

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the launch of an apprenticeship program at its Bloomington, Minnesota facility, designed with a combination of on-the-job training and formal education, and based on industry and academic-approved curriculumthrough Hennepin Technical College. In partnership with the National Institute of Innovation and Technology (NIIT) under its Growing Apprenticeships in Nanotechnology and Semiconductors (“GAINS”) program, SkyWater created its apprenticeship program which is initially focused on developing equipment maintenance technician talent to co-create their careers.

The NIIT’s GAINS program is a key component of its comprehensive approach to developing the talent pipeline for the semiconductor industry by connecting industry, talent and education to ensure skilled workers for the electronics manufacturing industry. By attracting students and job seekers to careers in semiconductor manufacturing, the NIIT helps to ensure the skilled workforce required to sustain and grow the electronics manufacturing industry.

The first group of existing SkyWater employees started a two-year program in January 2022. SkyWater employs over 600 people with most of the jobs in Minnesota. The company, which has its headquarters in Bloomington, Minnesota and an advanced packaging facility in Kissimmee, Florida, continues to experience significant growth due to increased industry demand. SkyWater anticipates extending the equipment maintenance technician apprenticeship program to its Florida facility.

“There has never been a more important time to ensure a skilled workforce domestically,” said Thomas Sonderman, SkyWater president and CEO. “The apprenticeship program will be key to co-creating our employees’ careers and meeting the growing needs of the semiconductor manufacturing industry. Equipment maintenance technicians are critical to our success —their efforts are essential to maintaining our continuous production schedules while minimizing safety risks and constantly enhancing the effectiveness of our valuable manufacturing equipment.”

Designed to be scaled to meet industry demand for technicians, SkyWater’s apprenticeship program leverages the NIIT’s Unified Competency Model (UCM) which was formed with industry input as a new skills standard and is endorsed by the U.S. Department of Labor Employment and Training Administration (USDOL-ETA).

“Registered apprenticeships are key to workforce development by providing employees with instruction and on-the-job training to meet the needs of their companies,” said Leslie Philmon, senior field representative, Apprenticeship Minnesota, Minnesota Department of Labor and Industry. “We are pleased that SkyWater has registered their program with the Labor Department and we are excited for the many apprentices who are advancing their skills and contributing to the growth of the semiconductor industry here in Minnesota.”

Hennepin Technical College will offer the apprenticeship program courses, and all program tuition and fees will be paid directly by SkyWater. The course curriculum supports the development of skills required by the electronics industry and offers several industry certifications.

“We are excited to be SkyWater’s partner in this program which is key to assuring a pipeline of highly skilled workers in a time when attracting them is difficult due to growing industry demand,” said Jeff Thorstad, instructor at Hennepin Technical College. “Hennepin Tech’s participation in the NIIT Competency Alignment Program has ensured our courses are aligned with industry requirements. Participants in the program receive college credits which not only advance their careers but strengthen the semiconductor industry workforce as well.”

Along with the NIIT and Hennepin Technical College, SkyWater developed the apprenticeship program with assistance from various organizations including MACNY (the Manufacturers Association of Central New York) and the Minnesota Department of Labor and Industry. For more information on SkyWater’s apprenticeship program, please contact Sara Johnson, director of talent acquisition at sara.johnson@skywatertechnology.com.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SMmodel streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

• Offers near-zero reverse recovery losses, bringing an advantage to Si that is usually seen only in GaN technologies
• Reduces form factor for both standard products and multichip modules with a novel wafer scale packaging
• Enables higher frequency power conversion applications that can also shrink module form factors

BLOOMINGTON, Minn. and AUSTIN, Texas – January 13, 2021 – SkyWater Technology (NASDAQ: SKYT) and Applied Novel Devices, Inc. (AND) today announced a major industry breakthrough with new transistor technology that offers significant benefits for fast switching power conversion applications. The power MOSFETs offer 2x lower output charge, near-zero reverse-recovery and ultra-low Qoss enabled by AND’s proprietary channel engineering technology. In addition, these power MOSFETs offer superior specific on-resistance (< 5 mOhm-mm2 @ 30V BVDSS) at gate drive as low as 2.5V as well as low leakage currents and near-ideal sub-threshold slope made possible by AND’s device architecture. These characteristics can substantially reduce parasitic losses incurred in power management systems. This will improve power management and conversion efficiency in numerous applications including data centers, automotive, electric motor drives, microinverters for renewable energy systems and many others in industrial and consumer markets.

In applications such as DC-DC power conversion, AND’s technology offers unique advantages enabled by its novel device architecture. Near-zero reverse recovery and low output capacitances eliminate the need for integrated or standalone Schottky clamp diodes. These efficiency enhancing characteristics make the technology attractive for higher frequency voltage conversion applications not typically supported by conventional Si MOSFETs. The high frequencies enabled by these power MOSFETs, in turn, drive reduction of passive component sizes to achieve small form factor power modules that support further system level efficiency gains.

AND will offer wafer scale and standard package products ranging from 15-80V for industrial and consumer applications. AND plans to expand the offering to span the 200-1000V range with a family of products produced at SkyWater for electric vehicle, renewable energy and various industrial applications. Additionally, through a technology licensing agreement, SkyWater will offer this power MOSFET technology process flow to foundry customers.

“AND has developed a unique technology that brings the benefits of GaN-like performance to mainstream Si MOSFETs,” said Leo Mathew, CEO and co-founder of AND. “SkyWater is an ideal partner to bring this industry breakthrough to realization in an IP-secure development and production environment.”

“During this global semiconductor shortage, we are excited to work with AND here in the U.S. to enable a new technology for power management applications which are used in all types of electronic devices,” said Steve Kosier, SkyWater chief technology officer.  “This new class of Si power MOSFETs enhances efficiency and cuts power losses for fast power switching applications. We are pleased to have created a standard process flow for this highly differentiated technology that can be offered to all foundry customers on a wide-scale.”

Availability

AND is currently sampling the new power MOSFETs and in the process of ramping production at SkyWater. The devices in wafer scale packages will be tailored to specific form factors for existing boards and systems. The products are available from AND and the technology is available immediately as a foundry offering directly from SkyWater. For more information, please contact the companies via email at contact@appliednoveldevices.com and swfoundry@skywatertechnology.com.

About Applied Novel Devices

Applied Novel Devices (AND) is based in Austin, Texas. AND develops new semiconductor device architectures that address the next generation of applications using its novel process technologies for discrete and integrated power products. AND has developed the tools and technologies for thin-crystalline semiconductor devices and has targeted power MOSFETs for this technology.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SMmodel streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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.

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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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.

Applied Novel Devices (AND) Contact: Leo Mathew | leomathew@appliednoveldevices.com
SkyWater Company Contact: Tara Luther | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

Leading semiconductor executives bring industry expertise and unique skills to rapidly scaling U.S. chip manufacturer

BLOOMINGTON, Minn. – November 15, 2021 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of two new members to its board of directors: Nancy Fares and Amy Leong, effective January 3, 2022 for a term expiring at the company’s 2022 Annual Meeting of Stockholders. These appointments bring SkyWater’s total board membership to eight.

Ms. Fares has served as a strategic advisor and board member with Olarm, an application-based home security provider since July 2018. Ms. Fares previously served as vice president software product management at Qualcomm, Inc. from August 2016 to December 2018. Prior to joining Qualcomm, Ms. Fares held senior leadership positions at NXP Semiconductors N.V., Foravest, LLC, Micralyne Inc. and Texas Instruments Incorporated. Ms. Fares holds a Bachelor of Science degree in electrical engineering from the University of Texas at Dallas, a Master of Science degree in telecommunications from Southern Methodist University and an Executive Master of Business Administration from the University of Texas at Austin.

Ms. Leong has served as the senior vice president, chief marketing officer, mergers and acquisitions, and general manager of emerging growth business unit of FormFactor, Inc. since November 2017, having previously served as senior vice president, marketing and customer solutions since October 2012 and as vice president, marketing for MicroProbe Inc. before its acquisition by FormFactor. Prior to MicroProbe, Ms. Leong worked in a variety of semiconductor process engineering and technologist roles at Gartner, KLA Corporation and IBM. Ms. Leong has served as an advisory board member of International Semiconductor Executive Summits since 2016 and as a director of Simple Steps Community Connection, a nonprofit organization supporting women leadership initiatives, since 2020. Ms. Leong received a Bachelor of Science degree chemical engineering from the University of California at Berkley and a Master of Science degree in materials science and engineering from Stanford University.

“We are pleased to welcome such high impact individuals to our board of directors,” said Gary Obermiller, chairman of the board. “They bring decades of leadership and experience in key areas of opportunity for SkyWater. Their appointments increase the breadth of knowledge and expertise of our board.”

“This is an exciting time for SkyWater as we pursue the many opportunities we see before us,” said Thomas Sonderman, president and CEO. “These new members of the board each bring a distinctive set of skills to SkyWater that will benefit the company as we continue to position our organization for the future.”

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

Workshop supports a national initiative sponsored by the Office of the Secretary of Defense to address the urgent need for engineering graduates to develop microelectronics for the DOD

BLOOMINGTON, Minn. – November 12, 2021 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that its President and CEO, Thomas Sonderman is serving as a panelist today at Purdue University’s Microelectronics and Advanced Packaging Workforce Development Workshop in West Lafayette, Indiana. Other participants in the panel represent organizations including AMD, Micron, Synopsys and the U.S. Department of Commerce.

Hosted by Purdue’s College of Engineering, the workshop will address challenges and opportunities related to workforce development for microelectronics and advanced packaging in the United States. Representatives from industry, academia, state and federal government will address how to scale-up educational programs, online and hands-on training, knowledge and skills for technicians, B.S., M.S., and Ph.D. graduates, special programs for trusted and assured electronics and funding opportunities for comprehensive workforce development programs.

The workshop supports a national initiative led by Purdue and sponsored by the Office of the Secretary of Defense to address the urgent need for engineering graduates to support development of defense technologies, especially in the area of microelectronics. The Scalable Asymmetric Lifecycle Engagement Microelectronics Workforce Development program (SCALE) is a $19.2 million multi-university public-private-academic partnership aimed at workforce development across engineering universities throughout the nation.

At Purdue, the SCALE program brings faculty from the Purdue College of Engineering together with faculty from 14 universities as well as representatives from the Department of Defense (DOD), NASA, Department of Energy NNSA labs, and the defense industry to stimulate development of this urgently needed microelectronics workforce focused on national security requirements. SCALE partners are working with students across the nation to build strong relationships with the government and the defense industrial base.

SkyWater has played an active role in presenting to university students in an effort to generate interest in semiconductor manufacturing as a career path, including to bolster the SCALE program.

“I’m excited to join the Department of Commerce and my industry colleagues to discuss the importance of workforce development opportunities in microelectronics as well as the state of the domestic industry,” said SkyWater CEO Tom Sonderman. “The ongoing focus to address the preparation of American students for employment in the semiconductor industry will yield positive results for the domestic workforce, including for companies like SkyWater. This is encouraging news as we continue to provide leadership on U.S. government programs such as the development of radiation hardened microelectronics to enhance our national security and drive continued microelectronics innovation.”

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

Indiana’s focus on semiconductor technology and microelectronics innovation is gaining momentum in support of NSWC Crane and the state’s world class university system

BLOOMINGTON, Minn. – November 9, 2021 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has signed a lease with Purdue Research Foundation (PRF) to accommodate an initial SkyWater team in the WestGate@Crane Technology Park in Odon, Indiana, adjacent to the Naval Surface Warfare Center, Crane Division (NSWC Crane). PRF is a world class source for technology innovation and secure internet protocol (IP), supporting entrepreneurs and startups. Many professionals, elected officials, business leaders and civic figures have advocated to develop an ecosystem of innovators at WestGate@Crane Technology Park. SkyWater joins WestGate’s growing cadre of partners in the defense, radiation hardened (rad-hard) and advanced packaging space with the goal of increased collaboration and synergy.

WestGate@Crane Technology Park partners with a variety of organizations and businesses, including local and state economic development corporations, NSWC Crane, PRF, I-69 Innovation Corridor, and the Indiana Office of Defense Development, among others. WestGate was developed around NSWC Crane, a premier Navy lab providing research, development, test, evaluation and logistics support to the Department of Defense (DOD). Many of NSWC Crane’s efforts focus on advancing DOD-unique capabilities in rad-hard electronics, radio-frequency (RF) technology, optoelectronics, advanced packaging and trusted and assured microelectronics.

SkyWater’s location in the technology park supports WestGate’s vision to become a center of excellence in DOD microelectronics and demonstrates the company’s strong commitment to the U.S. government’s needs for rad-hard solutions and advanced packaging. In addition, given Indiana’s dynamic economy, SkyWater anticipates its presence at WestGate will open up access to other opportunities such as Indiana’s READI program. Kevin Jackson, recently appointed as SkyWater’s senior vice president of corporate development, will lead the company’s efforts at Westgate. He will leverage his extensive experience in the aerospace and defense microelectronics ecosystem to manage rad-hard and other customized solutions delivery.

In July, Thomas Sonderman, SkyWater president and CEO, met with Indiana Governor Eric Holcomb to discuss SkyWater’s ongoing collaboration with the U.S. government and opportunities in Indiana to support increased domestic semiconductor manufacturing.

“We are thrilled to welcome SkyWater into Indiana’s vibrant technology and innovation ecosystem as the state leverages its long-standing advanced manufacturing expertise and workforce to reshore and reinvent the future of microelectronics,” said Indiana Secretary of Commerce Brad Chambers. “SkyWater’s commitment to Indiana, along with its pure-play foundry model, reinforces our state’s research momentum and support of innovators like SkyWater.”

Sonderman added, “As a DOD-Trusted supplier, SkyWater is well-suited to meet the critical needs of the U.S. government as well as commercial customers requiring U.S.-based manufacturing operations. In addition, we are excited to engage with top universities located in Indiana and access their pipeline of high quality talent to develop new and disruptive technologies.”

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it has appointed Kevin Jackson as its senior vice president of corporate development. Mr. Jackson brings over 20 years of experience as an aerospace, defense, and space executive with specialized expertise in developing and growing agile organizations. His broad experience executing space-based military programs will be invaluable to SkyWater’s Radiation Hardened (RH90), Readout Integrated Circuit (S90ROIC), advanced packaging and customized platforms.

Mr. Jackson most recently served as senior vice president and general manager for the Space Systems and Semiconductor Business Unit within Cobham Advanced Electronic Solutions (CAES), the largest provider of analog and radiation hardened technology for the United States aerospace and defense industry.

“Kevin’s extensive experience managing all aspects of space-based military programs provides an excellent foundation for the growth SkyWater expects to see both commercially and in the aerospace and defense markets,” said Thomas Sonderman, SkyWater president and CEO. “In addition, his comprehensive knowledge of the semiconductor value chain will be an important asset as we grow and scale our company in pursuit of our long-term business growth strategy. We are very pleased to welcome Kevin to our executive team.”

In his new role at SkyWater, Mr. Jackson will be responsible for all aspects of corporate development including leading the company’s strategic planning, revenue modeling and financial risk analysis capabilities. He will drive business performance metrics to enable achievement of consistent, predictable profitability. He will also be accountable for sourcing and executing potential mergers, acquisitions and joint ventures to enable manufacturing scale and market development, including penetration into new verticals and geographic expansion.

“I am thrilled to be joining SkyWater at such an opportune and pivotal time in the semiconductor industry,” said Jackson. “In my previous role, I had the pleasure to call SkyWater a ‘trusted partner’ and have been impressed with the company’s innovation-centric vision for growing R&D and manufacturing capabilities for itself and our nation. I look forward to broadening SkyWater’s strategic momentum and market position to drive accelerated growth and leadership for the United States across the global electronics industry.”

Prior to his role at CAES, Mr. Jackson held various executive management roles at United Technologies Aerospace Systems. Additionally, he served eight years active duty as an engineer officer in the United States Army. His active duty assignments included two combat tours in support of Operation Iraqi Freedom. He continues to serve his country as a member of the Army National Guard as he proudly enters his 20th year of total service.

Mr. Jackson holds a Bachelor of Science degree in general management from the United States Military Academy at West Point and a Master of Science degree in engineering management from Missouri University of Science and Technology.

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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 the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10-Q for the quarter ended October 3, 2021 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 | tara.luther@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com

Year-over-Year Revenue Growth of 6%

BLOOMINGTON, Minn. – November 2, 2021 – SkyWater Technology (NASDAQ: SKYT) the trusted technology realization partner today announced financial results for the third quarter of 2021, ended October 3, 2021.

1. Revenue grew 6% year-over-year to $35.0 million
2. Net loss to shareholders of $13.9 million, or (40)% of revenue
3. Adjusted EBITDA of $(2.7) million, or (7.7)% of revenue

View the full Third Quarter Results on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com

BLOOMINGTON, Minn. – October 20, 2021 – SkyWater Technology (NASDAQ: SKYT) today announced that it intends to report third quarter fiscal 2021 financial results for the period ended October 3, 2021 following the close of the market on Tuesday, November 2, 2021. The following morning, management will host a webcast to discuss its business and financial results.

SkyWater Technology Third Quarter Fiscal 2021 Earnings Webcast

When: Wednesday, November 3, 2021
Time: 9:00 a.m. CT (10:00 a.m. ET)
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 DODaccredited Trusted supplier. SkyWater’s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and advanced packaging 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, read-out ICs, rad-hard, power discretes, 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: Heather Davis | investor@skywatertechnology.com
SkyWater Media Contact: Lauri Julian | 949.280.5602 | media@skywatertechnology.com