GaN Systems Achieves Development Milestones Ahead of Schedule & Closes Series B Funding

Financing to Accelerate Commercialization of the Company’s Gallium Nitride Power TransistorsOTTAWA, ON – June 19th, 2012 – GaN Systems Inc , a leading developer of gallium nitride power switching semiconductors, today announced the closing of its Series B financing round with existing investors Chrysalix Energy Venture Capital  and RockPort Capital , two leading cleantech venture capital firms. This funding comes only six months after the closing of GaN Systems’ Series A round and signals the achievement of