Revasum (ASX:RVS)
Source: Revasum
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  • Revasum (RVS) has appointed Alejandro Garcia as the company’s Chief Operating Officer
  • Mr Garcia will be responsible for leading the company’s operational processes and a planned infrastructure scale-up
  • Meanwhile, Revasum continues to forecast total revenue of between US$13.3 million (A$16.7 million) and US$15.6 million (A$21.9 million) will be achieved in FY21
  • Looking further ahead, Revasum expects US$25 million (A$35.11 million) to US$35 million (A$49.2 million) worth of revenue to be generated in FY22
  • RVS shares ended Tuesday trading at 57 cents per share

Revasum (RVS) has appointed Alejandro Garcia as the company’s Chief Operating Officer.

Mr Garcia will step into the role on January 3,and will be responsible for leading the company’s operational processes and manufacturing systems.

He’ll also guide the infrastructure scale-up of the company’s silicon and silicon carbide wafer grinding and polishing equipment technology.

Mr Garcia brings 30 years of experience in various roles in ISO 9001 quality systems, manufacturing process systems and supply chain logistics to his new position.

He also has technical expertise in high purity gas and liquid distribution modules, electro-mechanical wafer substrate cleaning and metrology platforms.

Revasum President and CEO Rebecca Shooter-Dodd said Mr Garcia has the right balance of skills and expertise to execute growth plans.

“Central to this is expanding our manufacturing lines to meet new and expected orders for our equipment as the global demand for silicon and silicon carbide semiconductor equipment and technology grows to meet end-product requirements,” he said.

“We have recorded a solid year of progress and will commence FY22 with a strong backlog for equipment and spares.”

Mr Garcia added that he was excited to take on the new challenge at RVS.

“Revasum has a significant opportunity to support emerging technologies and markets requiring new product platforms and process development solutions,” he said.

“The Revasum team is focused on remaining at the forefront of technical innovation with the most advanced SiC polishing process platforms in the industry.”

Meanwhile, along with the new COO announcement, Revasum also provided an update on its revenue forecast.

The company continues to forecast that revenue will total between US$13.3 million (A$16.7 million) and US$15.6 million (A$21.9 million) by the end of FY21.

Looking further ahead, Revasum expects US$25 million (A$35.11 million) to US$35 million (A$49.2 million) worth of revenue to be generated in FY22.

Revasum shares ended the day trading at 57 cents each.

RVS by the numbers
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