Transphorm obtains exclusive licensing rights to Furukawa Electric's Gallium Nitride (GaN) patent portfolio

 Transphorm obtains exclusive licensing rights to Furukawa Electric's Gallium
                        Nitride (GaN) patent portfolio

Corporate investment and partnership solidifies Transphorm's worldwide
leadership position in GaN power IP, with more than 650 patents and

PR Newswire

GOLETA, Calif., May 13, 2014

GOLETA, Calif., May 13, 2014 /PRNewswire/ -- Transphorm Inc. today announced
that it has obtained a sole worldwide license to Furukawa Electric Co., Ltd.'s
extensive Gallium Nitride (GaN) power device portfolio that includes
approximately 40 U.S. issued patents and 110 Japanese issued patents.
Transphorm also has certain rights to sublicense these patents. The licensed
family of patents encompasses various aspects of GaN power device
manufacturing, materials and circuits, including key patents for
GaN-on-Silicon epitaxial growth technology. As part of the agreement, Furukawa
Electric also made an equity investment in Transphorm. The deal brings
Transphorm's total GaN IP portfolio to over 300 U.S. patents/applications and
over 650 world-wide patents/applications, including a combination of
internally developed, acquired and licensed patents.

Transphorm Inc.

Over the last several years, GaN semiconductors have emerged as a leading
technology enabler for the next wave of compact and energy efficient power
conversion systems, ranging from ultra-small adapters, high power density PCs,
server & telecom power supplies, to highly efficient PV inverters and motion
control systems.

Transphorm has established the next power conversion platform—demonstrating
breakthrough performance and introducing the world's first 600 Volt GaN HEMT
products after successfully passing JEDEC qualification. Most recently it has
demonstrated 100 million hours lifetime using high voltage accelerated
testing—again a first for a GaN power device. "As GaN power devices are now
poised for rapid market penetration, a strong intellectual property position
is essential to growing the GaN business," said Roger Borovoy, Transphorm's IP
counsel from Fish & Richardson. "The Furukawa license combined with a very
significant internal GaN portfolio unquestionably makes Transphorm the key

"Furukawa Electric has conducted original GaN research starting from the 1990s
and amassed a strong patent portfolio in GaN power devices and materials,"
said Takahide Kimura, Corporate Senior VP, New Business Development, Furukawa
Electric. "As we sought to unlock the value of this portfolio, as well as to
secure a supply of GaN products for our own applications, Transphorm was an
ideal choice. Additionally, Furukawa Electric is also willing to have further
technical collaboration with Transphorm, as a strategic partner, beyond this
license and investment.

"As a strong vote of confidence, Furukawa Electric has made a significant
equity investment and obtained a minority equity stake in Transphorm," said
Fumihide Esaka, CEO, Transphorm. "We are pleased to announce this strong
partnership with a global leader like Furukawa Electric."

About Transphorm

Transphorm is redefining electric power conversion, providing cost-competitive
and easy-to-embed power conversion modules that reduce costly energy loss by
more than 50%, and simplify the design and manufacturing of motor drives,
power supplies and inverters for solar panels and electric vehicles. From
material technology and device fabrication to circuit design and module
assembly, Transphorm designs and delivers its power conversion devices and
modules to meet the needs of global customers. By creating an ecosystem of
electrical systems manufacturers powered by Transphorm, the company
accelerates the adoption of power devices and modules that pave the way for
the next generation of electrical systems designed for optimal efficiency.

To learn more about Transphorm, please visit

About Furukawa Electric

Furukawa Electric (TSE: 5801) started business in 1884, when its
copper-smelting facility and wire manufacturing factory was established. Since
then Furukawa Electric have become pioneers in the latest technologies by
addressing diverse technological issues. Furukawa Electric has released
products in a number of areas, including telecommunications, electronics,
automobiles, and construction, with the three types of materials it works with
at their core, namely, optics, plastics, and metals. Many of these products
have attained the top global market share, and all of its products have
contributed to society in numerous business areas. Furukawa Electric reported
consolidated revenues of 931.8 billion yen (154 billion yen for
telecommunications) for the fiscal year ended March 31, 2014.

To learn more about Furukawa Electric, please visit

Primit Parikh, President
Transphorm, Inc.

Media Contact:
Greg Evans, Account Executive
WelComm, Inc.


SOURCE Transphorm Inc.

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