Strategies Unlimited Forecasts Continuing Positive Outlook for Gallium Nitride Technology

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 29, 2005--Having achieved a worldwide device market of $3.2 billion in 2004, gallium nitride technology continues to be one of the biggest success stories in compound semiconductors, according to Silicon Valley-based market research firm Strategies Unlimited. Although high-brightness LEDs dominate the market currently, gallium-nitride-based laser diodes and electronic devices are in the early stages of market growth and will achieve substantial volumes in the next five years. The total market for all types of gallium nitride devices is forecast at $7.2 billion in 2009. In the fourth edition of its highly regarded report, Gallium Nitride 2005 -- Technology Status, Applications, and Market Forecasts, Strategies Unlimited updates the status of worldwide technology developments and markets for gallium nitride optoelectronic and electronic devices.

As of early 2005, 232 companies were participating in gallium nitride production or development, and 394 universities and research centers were involved in gallium nitride R&D. These worldwide figures represent an increase of 26% and 35%, respectively, since the publication of Strategies Unlimited's previous gallium nitride report in June 2003.

Gallium Nitride 2005 is a 430-page report that addresses multiple aspects of gallium nitride technology, including material properties, substrates, deposition, etching, contacts, packaging, and device performance. It tabulates the 725 companies, universities, research centers and government agencies involved in or supporting gallium nitride production and R&D, and profiles 32 such organizations. In addition, the report analyzes 20 applications of gallium nitride optoelectronic and electronic devices, and provides detailed market forecasts through 2009.

Gallium Nitride 2005 -- Technology Status, Applications and Market Forecasts is available for immediate delivery from Strategies Unlimited for $3,950. More information on the report is available from Tim Carli, Sales Manager, telephone +1 650-941-3438 ext. 23, or e-mail tcarli@strategies-u.com.

Founded in 1979, Strategies Unlimited specializes in market research and strategic consulting directed at the photovoltaic components and systems, optical networking, optoelectronic, and RF/wireless semiconductor industries. The company, based in Mountain View, California, is a research unit of PennWell Corporation.

PennWell Corporation, founded in 1910, is a highly diversified media and information company providing authoritative publications, conferences and exhibitions, databases, information products and Internet-based services to strategic markets worldwide. Its headquarters are in Nashua, NH, and Tulsa, OK, with remote offices and partners located around the globe.