New Award Invests in High Performance Photodetectors for Satellite and Lunar Ranging; Leverages Aeluma's Large-Scale Semiconductor Technology

GOLETA, CA / ACCESSWIRE / May 31, 2024 / Aeluma, Inc. (OTCQB:ALMU), a semiconductor company specializing in high performance, scalable technologies for mobile, automotive, communication, and defense & aerospace, announced today that it has been awarded funding from the U.S. Office of Secretary of Defense to develop high performance single-photon avalanche detectors for satellite and lunar ranging applications.

"High sensitivity detectors are important for accurate ranging from satellites and other platforms, and Aeluma's leadership in this area is increasingly apparent," said Aeluma's Director of Technology, Matthew Dummer, Ph.D. "Our technology has the potential to provide higher performance realized with scalable manufacturing."

Aeluma announced awards from the Navy, an earlier win from the Office of Secretary of Defense, and an award from the Department of Energy to apply its technology to defense & aerospace, quantum, energy, and communication applications. We believe these wins indicate confidence in Aeluma's technology and potential for large-scale applications of its ground-breaking technology. The award announced today focuses on high sensitivity detectors for satellite and lunar laser ranging, which is highly synergistic with Aeluma's transformative large-diameter wafer technology.

About Aeluma, Inc.

Aeluma (www.aeluma.com) develops novel optoelectronics for sensing and communication applications. Aeluma has pioneered a technique to manufacture semiconductor chips using high-performance compound semiconductor materials on large-diameter substrates that are commonly used for mass-market microelectronics. The technology has the potential to enhance performance and scale manufacturing, both of which are critical for emerging applications. Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state-of-the-art manufacturing cleanroom. Its transformative semiconductor chip technology may impact a variety of markets including automotive LiDAR, mobile, defense & aerospace, AR/VR, AI, quantum, and communication. Aeluma differentiates itself with unique semiconductor manufacturing capability, proprietary technology, the ability to perform rapid prototyping, and a broad set of product offerings.

Forward-Looking Statements

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Company Contact:

Aeluma, Inc.
(805) 351-2707
info@aeluma.com

Investor Contact:

Bishop IR
Mike Bishop
(415) 894-9633
ir@aeluma.com

SOURCE: Aeluma, Inc.