Navitas Highlights Next-Gen GaN ICs at Baird Non-Deal Roadshow

Rhea-AI Summary

Navitas Semiconductor (NASDAQ: NVTS) announced a virtual non-deal roadshow with Baird on March 3, 2022, focusing on their advanced gallium nitride (GaN) power integrated circuits (ICs). These GaNFast™ ICs provide up to 3x faster charging and 40% energy savings compared to silicon alternatives. The company has identified a $13.1 billion electrification opportunity across various sectors, including mobile fast chargers and EVs. CEO Gene Sheridan noted significant growth in charger revenue, which is doubling annually, while expanding into new markets.

Positive

• GaNFast™ ICs offer up to 3x faster charging and 40% energy savings versus silicon.
• Chargers revenue is reportedly doubling each year.
• Navitas is expanding into new markets such as consumer, data centers, solar, and EVs.

Negative

• None.

EL SEGUNDO, Calif., March 2, 2022 /PRNewswire/ -- Navitas Semiconductor (Nasdaq: NVTS), the industry-leader in gallium nitride (GaN) power integrated circuits (ICs) has announced a virtual non-deal roadshow hosted by Baird on March 3^rd, 2022.

We're grateful to Baird for this chance to update investors on Navitas GaN technology.

GaN is a next-generation semiconductor technology that runs up to 20x faster than legacy silicon chips. Navitas' proprietary GaN power ICs integrate GaN power (FET) and GaN drive plus control and protection in a single SMT package. These GaNFast™ power ICs become easy-to-use, high-speed, high-performance 'digital-in, power-out' building blocks and deliver up to 3x faster charging in half the size and weight, and with up to 40% energy savings compared with earlier silicon solutions. An estimated $13.1B electrification opportunity includes mobile fast chargers and adapters, data centers, solar energy, and EV.

"We're grateful to Baird for this chance to update investors on Navitas GaN, as we expand from our #1 position in mobile fast and ultra-fast chargers into consumer, data center, solar and EV markets," said Gene Sheridan, CEO and co-founder. "Charger revenue is doubling each year and we're on track with penetration into higher-power markets, adding dedicated design centers to accelerate adoption of this revolutionary technology and 'Electrify Our World™'."

Mr. Sheridan will present in a group webcast and Q&A at 11am on March 3^rd, hosted by Baird Senior Research Analyst, Tristan Gerra, with 1-on-1 investor meetings scheduled throughout the day. To register, please click: https://bit.ly/Navitas-Baird-Mar-22 .

About Baird

Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 4,600 associates serving the needs of individual, corporate, institutional and municipal clients. Baird surpassed $400 billion in client assets at the end of 2021. Committed to being a great place to work, Baird ranked No. 32 on the Fortune 100 Best Companies to Work For® list in 2021 – its 18th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird's principal operating subsidiaries are Robert W. Baird & Co. Incorporated and Baird Trust Company in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's investment banking and private equity operations. For more information, please visit Baird's website at www.rwbaird.com.

About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the industry leader in GaN power ICs, founded in 2014. GaN power ICs integrate GaN power with drive, control and protection to enable faster charging, higher power density and greater energy savings for mobile, consumer, enterprise, eMobility and new energy markets. Over 145 Navitas patents are issued or pending, and over 35 million GaNFast power ICs have been shipped with zero reported GaN field failures. Navitas rang the Nasdaq opening bell and started trading on Nasdaq on October 20th, 2021.

Navitas Semiconductor, GaNFast and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Contact Information
Stephen Oliver, VP Corporate Marketing & Investor Relations
ir@navitassemi.com

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SOURCE Navitas Semiconductor

FAQ

What is the focus of Navitas Semiconductor's virtual roadshow with Baird on March 3, 2022?

Navitas Semiconductor's virtual roadshow with Baird focuses on their advanced gallium nitride (GaN) power integrated circuits (ICs).

What benefits do Navitas' GaNFast ICs offer?

Navitas' GaNFast ICs provide up to 3x faster charging and 40% energy savings compared to legacy silicon chips.

What is the estimated market opportunity for Navitas' GaN technology?

Navitas has identified an estimated $13.1 billion electrification opportunity in various sectors, including mobile fast chargers and EVs.

How is Navitas Semiconductor performing in the charger market?

Navitas Semiconductor's charger revenue is reportedly doubling each year as they expand into higher-power markets.