In structuring our Board of Directors, we wanted individuals who had deep experience with the management of emerging companies and disruptive technology. Bruce and Louis both fit that profile and their input will help drive the company forward
Ottawa, ON (PRWEB) June 14, 2008
Group IV Semiconductor, the silicon light company, http://www.groupivsemiconductor.com today announced that Bruce Day and Louis. P. Desmarais have been appointed to the company's Board of Directors.
Group IV is developing a revolutionary silicon-based solid-state lighting technology for the creation of low-cost, widely available and energy-efficient light bulbs. By exploiting the materials and manufacturing economies of workhorse silicon fabrication processes, Group IV plans to overcome the very high cost barriers that have prevented widespread adoption of solid-state lighting technology to date.
"In structuring our Board of Directors, we wanted individuals who had deep experience with the management of emerging companies and disruptive technology. Bruce and Louis both fit that profile and their input will help drive the company forward", said Stephen Naor, CEO of Group IV.
Bruce Day sits on the Board of JDS Uniphase, a US$1.5 billion manufacturer of fiber optic components and telecommunications equipment. He was formerly Vice President, Corporate Development of Rogers Communications Inc. where he was primarily involved in mergers, acquisitions, divestitures and taxation for Rogers Communications Inc. and its subsidiaries. Bruce sits on the board of Integrated Asset Management Corp., and has more than 20 years of experience in senior posts in corporate development, finance and treasury.
Louis Desmarais is General Partner and CEO of Garage Technology Ventures Canada. He has many years of experience as a venture capitalist including several years as General Partner of Skypoint Capital Corporation.
Mr. Desmarais was also Partner in Wynnchurch Capital, a $200 million private equity firm. Group IV will also benefit from Mr. Desmarais' knowledge of the financial services sector and his work with many early stage technology companies.
About Group IV Semiconductor Inc.
Group IV Semiconductor (http://www.groupivsemi.com) is developing revolutionary silicon-based solid-state light emitters. These devices will be the building blocks of future solid-state lighting products that are more efficient than fluorescent lights, have a much longer life than conventional bulbs, and enable production costs low enough to promote rapid, widespread adoption. Group IV Semiconductor is based in Ottawa, Canada.
htweddle @ groupivsemi.com