SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke - Seite 2

“Dennis and Joe’s expertise in developing and implementing organic and M&A growth plans, alongside judicious capital allocation, will be instrumental in shaping our company's financial strategies for the future,” said SkyWater’s Chairman of the Board Gary Obermiller. “Both will be important team members in guiding our continuous improvement and optimizing operational resources to maximize profits and cash flow.”

"We are thrilled to extend a warm welcome to our newest board members," stated SkyWater CEO Thomas Sonderman. "They bring decades of leadership and expertise in areas crucial for SkyWater's growth. Their appointments enrich the breadth of knowledge and proficiency within our board."

About SkyWater Technology

SkyWater (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and a DMEA-accredited Category 1A Trusted Foundry. SkyWater’s Technology as a Service model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology within diverse categories including mixed-signal CMOS, read-out ICs, rad-hard ICs, MEMS, superconducting ICs, photonics and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Technology Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company’s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company’s actual results to be different than expected or anticipated include, but are not limited to, factors discussed in the “Risk Factors” section of its annual report on Form 10-K and quarterly reports on Form 10-Q, and in other documents that the Company files with the SEC, which are available at http://www.sec.gov. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

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The SkyWater Technology Stock at the time of publication of the news with a raise of +2,54 % to 12,50USD on Nasdaq stock exchange (08. März 2024, 10:55 Uhr).