HexaTech, Inc.

HexaTech Inc. is a specialized company focused on the development and commercialization of aluminum nitride (AlN) semiconductor materials, providing high-quality substrates for advanced device fabrication in various industries. Founded in 2001 and headquartered in Morrisville, US, HexaTech Inc. develops aluminum nitride substrates crucial for high-performance semiconductor devices.

The company was fully acquired by Stanley Electric in November 2019 for USD 38. 6 mn, marking a strategic pivot in its ownership. Raoul Schlesser serves as the founder, while John Goehrke is the current CEO. HexaTech, Inc.

specializes in developing and commercializing aluminum nitride (AlN), a next-generation wide bandgap semiconductor material. The company offers high-quality single crystalline AlN substrates essential for advanced semiconductor devices, including long-life ultraviolet (UV-C) LEDs for disinfection, deep UV lasers for biological threat detection, high voltage switching devices for efficient power conversion, and RF components for satellite communications. Their products serve diverse clients in automotive, aerospace, and telecommunications sectors across North America, Europe, and Asia, enhancing performance through a proprietary crystal growth process that minimizes defects in substrates. HexaTech generates revenue primarily through direct B2B transactions with clients in manufacturing and technology sectors.

Sales predominantly involve AlN substrates and associated technologies, structured around customized agreements that may include volume-based pricing and long-term contracts. Revenue is bolstered by partnerships, including the acquisition by Stanley Electric Co. , Ltd. in March 2020, which aids market expansion and collaborative development.

The flagship AlN substrates are pivotal in driving revenue through their role in enhancing device performance for high-tech applications. HexaTech plans to leverage its recent acquisition to enhance product offerings and explore new markets. Upcoming products include innovative AlN substrates designed for emerging applications in UV technology and power devices, with releases targeted by end of 2024. The company aims to expand its market presence in Europe and Asia, utilizing the USD 38.

6 mn from the acquisition to support development initiatives and enhance production capabilities. This strategic investment will facilitate entry into new geographic markets and bolster research and development efforts.