NexWAFE Management With New CEO

Dr. Davor Sutija joins the NexWafe management team as CEO of the company. Dr. Stefan Reber will continue as CTO and Managing Director.

PVTIME - NexWafe today announced that Davor Sutija will join the company as CEO starting September 1st.

Highly efficient EpiNex™ wafers lead the solar industry into a new age
Highly efficient EpiNex™ wafers lead the solar industry into a new age

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.