Adamas One Announces Plans to Increase Presence in Semiconductor Sector
SCOTTSDALE, Ariz., Aug. 04, 2023 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial and technology uses, today announced its plans to increase its presence in the semiconductor sector and the appointment of Peter Cohen as Vice President, Business Development. Mr. Cohen will initially concentrate on the utilization of Lab-Grown Diamonds in the production of semiconductors in the industrial and technology sectors. He will report to Chief Operating Officer Gerald McGuire, who has extensive experience in the semiconductor field.
- He will report to Chief Operating Officer Gerald McGuire, who has extensive experience in the semiconductor field.
- According to the National Institutes of Health, “among wide bandgap semiconductors, diamond is considered to be the ultimate semiconductor for applications in high-power electronics due to its exceptional properties.
- An important issue facing the semiconductor sector (which is expected to be a $1 trillion sector by 2030) is lowering power consumption.
- We believe our patented technology provides us with a significant opportunity to address the increasing demands of the semiconductor sector,” Adamas One CEO Jay Grdina stated.