HexaTech and Okaya Sign Strategic Representation Agreement
Leaders Establish Broad Ties in Support of Japanese Market
MORRISVILLE, N.C. and NAGOYA, JAPAN, July 30, 2015 /PRNewswire/ -- HexaTech, Inc., a market leader in Aluminum Nitride (AlN) based semiconductor material and devices, announced today the signing of a broad, strategic agreement with Okaya & Co., Ltd. of Nagoya, Japan, and its US subsidiary, Okaya USA, Inc.
The agreement establishes Okaya as the sole representative for HexaTech's AlN substrate products in Japan, and also includes a direct equity investment by Okaya in HexaTech. It further sets the stage for Okaya to assume a leadership position to market and sell HexaTech's line of UV-C LEDs targeted for launch later this year.
HexaTech's ultra-high quality AlN materials have been shown to be an essential foundation for record-setting UV-C LEDs, which hold tremendous potential to revolutionize the sterilization and purification markets, by providing compact, highly efficient, long-life sources of light.
John Goehrke, HexaTech CEO stated, "We are very excited about the agreement, and the close collaborative relationship that we have forged with Okaya. Their strong belief in HexaTech and our current and future products, as supported by the Japanese market, highlight that our business strategy is ideally positioned and customer-focused. Further, as we look to our upcoming UV-C LED launch, we anticipate a further integration of our business activities, relying on Okaya's strengths in this important market."
"We are very excited to form this strategic alliance with HexaTech', remarked Okaya senior management. 'HexaTech's current substrate products, as we know from our customers, are not only world-leading, but we foresee their future LED products to be in great demand, creating significant opportunities for both companies."
About HexaTech
HexaTech is an industry-leading manufacturer of single crystal Aluminum Nitride (AlN) substrates. This substrate material will enable long life UV-C light emitting diodes (LEDs) for disinfection applications, deep UV lasers for biological threat detection, and high voltage power semiconductors for smart grid and efficient power conversion.
HexaTech's current product lines include single crystal and polycrystalline AlN substrates. Long life UV-C LEDs and high voltage power devices based on AlN substrates are also in development.
Founded in 2001 with a team of industry experts in III-nitride semiconductors, the team has successfully solved complex material science and engineering challenges to commercialize high quality bulk AlN for volume production. For additional company and product information, please visit us at www.hexatechinc.com.
About Okaya
Since its founding in 1669 in Nagoya, Japan, and throughout its 346-year-history, Okaya has evolved into a global trading company, engaged in a broad range of businesses including domestic and overseas transactions in iron and steel, metals, machinery, tools, electronics, piping components and housing facilities, construction development, chemicals, foods, and many other products.
As part of the Electrical and Electronic products segment, Okaya handles an extensive range of electrical equipment, including installation and power distribution systems. In the more advanced fields of electronics, Okaya is involved in the marketing of semiconductors and electronic machinery and equipment. For additional company and product information, please visit us at http://www.okayausa.com/index.php.
Contact: Greg Mills
HexaTech, Inc.
+1 919 415 1495
[email protected]
SOURCE HexaTech, Inc.
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