Press Release: Solayer : SOLAYER Raises US$10 Million in New Financing

DRESDEN, Germany, April 30, 2020 (GLOBE NEWSWIRE) -- SOLAYER today announced that it has secured US$10 million in new financing from Advanced Micro-Fabrication Equipment Inc. China (AMEC) and SOLAYER Co-Founder, Doug Schatz. SOLAYER develops physical vapor deposition (PVD) sputtering tools for the precision optics market. The company's systems are engineered to enable 3D sensors, 5G networks, LIDAR, and other applications. The new funds will be used to strengthen R&D programs, boost mass-production, and accelerate SOLAYER's global expansion strategy.