PR85340

FREIBURG, Germany, Sept. 1, 2020 /PRNewswire=KYODO JBN/ --

Dr. Davor Sutija joins the NexWafe management team as CEO of the company.

Dr. Stefan Reber will continue as CTO and Managing Director.

NexWafe today announced that Davor Sutija will join the company as CEO starting

September 1st.

Davor Sutija has extensive experience in leading technology companies and

driving their global expansion. He is a veteran in silicon wafer production,

having co-founded SiNor (now Norwegian Crystals), acquired by REC in 2004. As

SVP at FAST, an enterprise search company, and as CEO at Thin Film Electronics,

a global leader in printed electronics, he succeeded in creating shareholder

value through the establishment of new markets and pioneering of groundbreaking

technology products.

"I am very pleased to announce Davor Sutija's appointment as CEO, as the

company enters the commercial phase. His extensive management experience and

proven leadership skills, as well as his strong commercial orientation and

impressive track record of value creation will greatly benefit the company as

we begin shipments to customers early next year," said Peter Pauli, NexWafe's chairman.

Dr. Stefan Reber, co-founder and CTO says: "As NexWafe moves forward to

commercial shipments, I am happy to welcome Davor on board. Davor will

complement our team, focusing on helping us build a world-class technology

product company."

NexWafe has pioneered the use of continuous-process epitaxy to produce

monocrystalline silicon wafers that have half of the carbon footprint of

ordinary wafers. By minimizing waste through a direct-gas-to-wafer

manufacturing process, NexWafe can produce thinner, full-square wafers with

superior properties.  The company is ramping up a 5MW pilot production in

Freiburg/Germany and expects to start supplying qualification customers in

H1/2021. By enabling highest solar cell efficiency, NexWafe's products will

lower electricity cost from photovoltaics by more than 20%. After completion of

qualification, NexWafe expects to begin industrial scale up at its Bitterfeld

production facility to reach over 450 million wafers per year by 2023. With its

highly efficient and ultra-thin EPINEX™ products ready for shipment early 2021,

NexWafe is poised to lead photovoltaics and the solar industry into a new age.  

About NexWafe GmbH

www.nexwafe.com

NexWafe focuses on the industrialization of innovative technology for the

epitaxial production of silicon wafers for photovoltaics. In Freiburg, Germany,

the company operates a pilot production line for high quality monocrystalline

wafers that are fully compatible with conventional solar cell and module

manufacturing. In NexWafe's proprietary EpiWafer process, a crystalline silicon

layer is deposited on a seed wafer and then detached. This groundbreaking

technology enables wafers to be produced in any desired thickness. Thanks to

the new, simplified manufacturing process, capital investments are reduced by

50% compared to conventional crystal growth and CO2 emissions from

manufacturing are reduced by 70%. NexWafe was spun out from Fraunhofer

Institute for Solar Energy Systems ISE in 2015. Lead investors include Saudi

Aramco Energy Ventures (SAEV) and Green Growth Fund 2 (GGF2).

Photo - https://mma.prnewswire.com/media/1246569/NexWafe_EpiNex.jpg 

Logo - https://mma.prnewswire.com/media/1246568/NexWafe_Logo.jpg 

Contact:

NexWafe GmbH

Dr. Stefan Reber

Chief Technology Officer and Founder

Phone: +49 761 7661 18600

Email: stefan.reber@nexwafe.com

Source:  NexWafe GmbH