FLOSFIA

FLOSFIA Inc. has raised JPY 750 million from several existing investors including UTEC and new investors including strategic ones. FLOSFIA Inc. is aiming to commercialize Corundum Structured Gallium Oxide (-Ga2O3) in order to revolutionize power electronics. FLOSFIA Inc. will use this capital to develop its own production lines and commence commercial production of the world's first -Ga2O3 power device.