INVEST IN RAYTON TODAY!
Manufacturing process can yield 100 times the material as conventional methods.
Awarded two patents for our groundbreaking semiconductor wafers and the processes required to manufacture them.
Backed by over 5,000 investors.
We have now found a revolutionary new way of impacting multiple markets with our technology.
Everything you are doing right now involves some kind of semiconductor. Rayton is pushing the limits of cost-effective production for these materials. We plan to use our technology to create lower-cost Gallium Arsenide wafers for the semiconductor industry as a whole, which can be used in automotive, aerospace, 5G, LED, and solar applications.
The material we create serves as the foundation for all of these high-tech devices. Rayton intends to lower the cost of gallium arsenide material and then sell the wafers to the people who make these electronic devices.
Rayton has completed the Research and Development stage where we identified the implantation conditions and the recipe needed to make our wafers. We have successfully created a prototype wafer in the laboratory. We are entering the Beta Phase of operations where we plan to use the commercial-grade, high volume equipment to produce samples and are currently in pre-production. We will then begin ramping up to the production of 25 wafers per hour to enter Phase One of production.
Silicon has played an essential role in the semiconductor industry to-date. However, we are now entering an age where certain applications require more expensive semiconductor material than silicon. In the high-frequency and high-power regimes, silicon is not suited to play a strong role.
Semiconductors such as gallium nitride, gallium arsenide, and silicon carbide (GaN, GaAs, and SiC) have better electronic properties than silicon and are currently used in the manufacturing of high-speed, high-power electronics. (1) However, the material costs for GaN, GaAs, and SiC are magnitudes higher than silicon.
Rayton has developed a unique technology that has the potential to reduce the price point for next-generation electronics by up to 25 percent. Because of this, Rayton can play a vital role in expediting the growth of 5G infrastructure, advanced automotive electronics, cellular technology, solar cells, and more. By lowering supply costs, Rayton achieves considerable market leverage, as we seek to supply all companies fabricating electronics on these advanced materials.
*This image is an example of a wafer that Rayton would use in its manufacturing process.
In the fast-growing 5G network, high-power coupled with high-frequency transistors are necessary in transmission towers and mobile handsets. GaN is particularly well suited for such applications. Further, the high-speed receivers in cellular phones will likely be built on GaAs wafers. (2)
The high-speed and high-bandwidth requirements for the 5G cellular network will require the superior properties of GaAs and GaN. These materials are also used for a wide array of cellular components. In addition, they're necessary for many other products such as proximity sensors, Wi-Fi modules, flood illuminators, and dot projectors for facial recognition (VCSEL).
The wafers used for fabrication of all these components can seamlessly be replaced by our engineered wafers without any modification of downstream equipment. Thus, Rayton’s end-product can be plugged into existing fabrication facilities, reducing material costs for those manufacturers.
There are additional high-potential growth markets that our engineered wafers will significantly impact. These include automotive, aerospace, LEDs, and solar. For instance, modern automotive technologies such as RADAR, LIDAR, 3D Imaging, blind-spot detection, and 5G-based ‘vehicle-to-x’ communication -- many of which are critical for autonomous vehicles --rely upon devices built on GaAs wafers. (4, 5, 6, 7)
What We Do
We intend to use a high-current, high-voltage proton particle accelerator from Phoenix Laboratories to slice GaAs wafers, reducing waste by up to 50%. Our accelerator costs less and operates with less energy compared to competing particle accelerator methods. Because of this, our particle accelerator is capable of making up to 100 times as many wafers with the same amount of semiconductor material as our competitors use to make just one wafer. We have achieved a proof of concept wafer in the laboratory setting on non-commercial-grade equipment.
Diamond wire saws are currently the standard for cutting semiconductor materials for the electronics industry. This conventional method involves cutting the raw materials with a physical friction mechanic that wastes half the processed materials and cannot cut materials down to the two micron wafer thickness without significant yield loss or breakage.
Rayton intends to continue servicing the solar industry by providing a cost effective solution to high-efficient and light-weight solar cell manufacturing. The record for single junction solar cell efficiency is held by GaAs based solar cells at 28% while silicon solar cells average about 21% in production volumes. These high-efficient GaAs-based solar cells are made using Metal Organic Chemical Vapor Deposition (MOCVD) equipment. A GaAs wafer is placed in a reactive MOCVD chamber, and the solar cell is grown on top of this GaAs wafer. The initial GaAs wafer can be reused, but this step has proven to be a bottleneck in the process.
*The image above is a rendering
Rayton believes that by bringing down the cost of this initial “building block” wafer, it will reduce the cost of the entire process and unlock these types of solar cells for commercial applications. Rayton plans to sell lower cost GaAs wafers to the companies who utilize MOCVD equipment for their products. There are applications of these high-efficient and light-weight solar cells which aid the world in transforming to a fully renewable source of energy.
Where Rayton Fits In
Where does Rayton fit into the manufacturing vertical? We would buy GaAs wafers in bulk from producers like Freiberger, and Sumitomo. We would then conduct our process to lower the cost of the GaAs wafer. We would then sell our engineered GaAs wafers to the foundries like VPEC and IQE who grow devices on the wafers. They then sell these devices to the chipmakers who turn them into products used in the retail electronics we are all familiar with.
First, protons are accelerated within our particle accelerator and implanted a few microns deep into a semiconductor wafer (e.g. GaAs, SiC, or GaN). Second, the implanted wafer is bonded to a less expensive, compatible carrier wafer. For example, sapphire is a good option as the carrier wafer for GaAs bonding. Third, with a thermal annealing process, a thin layer of the semiconductor material is exfoliated from its original wafer, while maintaining the bond with the carrier wafer. This process can be used to produce an engineered wafer that has a device layer of a few microns on a carrier wafer. For instance, two-micron thick layers of GaAs on sapphire can be produced. The advantage of this process is that the original wafer can be reused more than 100 times which produces over 100 engineered wafers for each source wafer.
*This image is a 3D-CAD rendering
The high current of this proton implanter and a unique set of magnets to shape the proton beam allows for a potential throughput that is much higher than the current industry standard and can produce an estimated $30M USD in annual revenue per production line. We believe Rayton will be well situated in the supply chain for the aforementioned high-speed, high-power electronics industry.
Specifically, we will fill the role of providing engineered substrates to epitaxy foundries and fabrication companies that will further develop the electronic components necessary for the 5G network, advanced automotive, cellular components, and other applications.
(300KeV proton implanter at Rayton's manufacturer's facility in Madison, WI)
Rayton plans to use this fundraising round for the advancement of our beta phase production. During this phase, Rayton will produce engineered wafers in-house to sample out to epitaxy and wafer foundries for high-speed high-power electronic components.
Once sales agreements are finalized, Rayton will then move onto single-line production. Once in revenue, Rayton will invest in more equipment to increase the throughput of the single accelerator line to reach the maximum production capability of the full-line production phase.
A breakdown of estimated costs and revenue for these three phases can be found below:
The Beta phase will bring us to a full proof-of-concept where we can begin marketing our product. We need to make the final payment on the accelerator once testing is complete. This is in the amount of $954K. We have already paid about $1.4M on the accelerator. The rest of the proceeds will go towards operating the company to create samples and prepare us to raise additional capital.
The estimated timeline of our Beta Phase is 12 months beginning in Year 1. In creating our projections, we relied on assumptions that the Company will be able to make the final payment on the accelerator which is required for our product and begin using it to build sample materials. We also assume that the company will be able to create sample materials with the funds available and we estimate operating costs during this phase to be approximately $60K per month.
We will need to buy additional semiconductor processing equipment to move into a high volume manufacturing phase which will bring us into revenue. We will need about $14M to get the company into a revenue phase that can generate approximately $9M per year or 120,000 wafers per year.
The estimated timeline of Phase 1 is 12 months beginning in Year 2. We estimate that we will be able to attain $9M in gross revenue per year provided that the company is able to attain approximately $10.12M in production equipment. We estimate that in this phase there will be $1.965M in operating expense and $2.52M in COGS. This assumes $100 per GaAs wafer with 100 uses per wafer and $20 per wafer for the handle substrates. We assume 2 shifts per day at 8 hours per shift with 300 days of operation in the year. We assume that our wholesale price per wafer would be $75.
We need to add on the additional semiconductor processing equipment in order to increase the throughput of the full manufacturing line. By adding this additional equipment, we can increase to the maximum throughput attainable for one accelerator of 432,000 wafers per year. This will generate an estimated $32M per year in revenue. Expenditures on the capital equipment could be reduced through the lease or purchase of used equipment.
The estimated timeline of Phase 2 is 12 months beginning in Year 3. We estimate that we will be able to attain $32M in gross revenue per year provided that the company is able to attain approximately $15.5M in additional production equipment. We estimate that in this phase there will be $5.197M in operating expense and $9.072M in COGS. This assumes $100 per GaAs wafer with 100 uses per wafer and $20 per wafer for the handle substrates. We assume 2 shifts per day at 8 hours per shift with 300 days of operation in the year. We assume that our wholesale price per wafer would be $75
The above information includes forward looking statements regarding the Company's business. Please refer to our Risk Factors in our Form C and our Forward Looking Information legend at the bottom of this Campaign Page for further details. There is no guarantee the Company will ever meet these projections and the information above includes estimates based on current data, actual results not guaranteed.
Your investment will help Rayton to develop a full proof-of-concept, which will, in turn, allow us to begin marketing our product. Looking forward; by diversifying the applications of our products, we will be able to strengthen ourselves for market entry.
Solar will continue to be a product at our roots, and we will continue to service the high-efficiency solar cell industry. We believe that initially bringing down the cost of GaAs wafers will have a ripple effect in bringing down the overall cost of GaAs-based solar cells.
The markets for our product are diverse and increasing in demand. The GaAs wafer market was $316.49M in 2019 and growing with a 7.2% compound annual growth rate (8). The overall GaAs device market is expected to grow to $22 billion by 2026 (9). We would like to enter this market with a “product zero” engineered GaAs wafer that we believe can be sold to the market at a twenty-five percent (25%) discount to competitive prices.
Our technology is positioned to have a major impact in many industries. We are getting closer every single day. We have the machine, we have the patents, and we have the process flow. We are making history as one of the first democratically-funded technology companies.
Join the 5,000 other shareholders who invested in Rayton and become part of this groundbreaking next-generation technology.
Source 8: 99Strategy report "Gallium Arsenide (GaAs) Wafer Market Research: Global Status & Forecast by Geography, Type & Application (2016-2026)"
Rayton Solar, Inc. (dba Rayton) uses patented, particle accelerator-based technology to produce engineered wafers that can serve as the basis for next-generation electronics impacting industries such as automotive, aerospace, 5G, LED, and solar.
CEO & Founder
Dr. Mark Goorsky
Dr. James Rosenzweig
Maximum Number of Shares Offered subject to adjustment for bonus shares
Rayton Solar, Inc.
16112 Hart St. , Van Nuys, CA 91406
Minimum Investment Amount
Minimum Number of Shares Offered
Maximum Number of Shares Offered
Price per Share
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Invest within the first 48 hours and receive 20% bonus shares.
Invest within the first week and receive 10% bonus shares.
Rayton Solar, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.33 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $33. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.
So much has happened since we last talked!
We’ve officially reached the Beta Phase of our production process. This means we’ve received the world-class particle accelerator needed to move into a high-volume manufacturing phase.
This is a huge step forward in terms of production and revenue.
To paint a picture, the equipment, which came to our new Irvine, CA, headquarters in December, required a 10-ton forklift to move from the truck to the warehouse.
Once it was inside the warehouse, we then had to get it assembled and hooked up to high voltage power. It’s critical that every single piece of this equipment is installed correctly, which requires diligence (and patience) on our part.
Our next step is to begin testing the equipment, which could take another 8-10 weeks. While this is happening, we’ll continue moving forward with some of the other exciting aspects of the Beta Phase, including the completion of a quarter ton custom magnet that will allow us to stay at the cutting-edge of our industry — doing what no one else has done.
We’re also enjoying our new home in Irvine. This area is filled with other companies in the industry and offers plenty of room for growth, which is something we anticipate needing down the road.
I believe we’ve got plenty more exciting things on the horizon, so be sure to stay tuned and keep an eye out for more emails in your inbox.
We are sorry we have not been able to respond to the comments on our campaign page with regularity. We have been diverting all funds and effort to getting the accelerator installed. We value our investors and do not want anyone to feel like we have not been forthright with them. Current material information has always been available in our regular filings with the SEC, including our annual 1-K and C-AR filings, and semi-annual 1-SA. With the installation of the accelerator, and our ability to rededicate funds into marketing, we intend to launch a new website by mid summer as well as bring on an outsourced team to respond to all the questions/comments. Thank you for your patience and understanding.
Rayton CEO & Founder
We’re closing our crowdfunding campaign on StartEngine TONIGHT, and we want to give you one final opportunity to invest in Rayton.
We’re proud to share that our campaign has surpassed the $2M mark thanks to the support of our generous investors who are helping to bring Rayton into the next phase of our journey.
Since launching our campaign, we’ve made strides in our mission to produce engineered wafers that can serve as the basis for next-generation electronics. Our work is impacting the future of critical industries like automotive, aerospace, 5G, LED, and solar.
Now we want to invite you to join us as we lower the cost of this groundbreaking technology.
Sales in the global semiconductor industry continue to grow, up 30% YoY as of August 2021. The GaAs device market alone is expected to increase to $22 billion by 2026.
Join the more than 6,000 investors who are helping to bring us into the next phase of our journey, which will allow us to market our project as we continue to service the high-power high-frequency wafer industry.
The work we’re doing here is revolutionary. Our technology will serve as the foundation for many of the high-tech devices of the future.
You have less than 5 hours to become a part of the Rayton family and to discover how the one-of-a-kind patented, particle accelerator-based technology is changing the world.
Invest in Rayton for as little as $501 by clicking the link below before it’s too late.
At Rayton, we are striving to bring down the cost of GaAs wafers, which we believe will have an impact on the overall cost of GaAs-based solar cells and other high tech devices.
This problem has been plaguing the semiconductor industry for years as silicon is unable to play the essential role in certain modern applications, forcing the use of more expensive semiconductor material.
Using our unique technology, we’re creating a solution that has the potential to reduce the price point for material of next-generation electronics by up to 25%.
Because of this, we’ve cemented a vital role in expediting the growth of 5G infrastructure, advanced automotive electronics, cellular technology, solar cells, and more.
The demand for GaAs wafers is continuing to increase. In fact, by 2026, the overall GaAs device market is expected to grow to $22B.
We’ve differentiated ourselves from others in the semiconductor industry thanks to our patented technology, and we’re thrilled to make history as one of the first democratically funded technology companies to exist.
This is the time to become part of this groundbreaking next-generation technology. You’ve got NINE HOURS left to invest in Rayton. What are you waiting for?
Click the link below to invest in Rayton now. Don’t forget to share the opportunity with your friends and family too.
Thanks to your incredible support, Rayton has been able to sign the lease on our new headquarters in Irvine, CA, and we now have the funds for initial operations.
This is a monumental milestone for our company and the future of the semiconductor industry.
Currently, we are in the Beta Phase of production, where we will produce engineered wafers at our new facility. Following this and subject to additional fundraising, we intend to enter our high-volume manufacturing phase, which will bring us into revenue and allow us to skyrocket our growth.
We’re still at the starting line of this project, and the race is about to begin.
If you haven’t invested in Rayton yet, we’d love for you to join this incredible journey with us.
Our crowdfunding campaign closes TONIGHT at 11:59 pm PST. Now is your last chance to become a part of this campaign.
To invest in Rayton and the groundbreaking work we’re doing, click the link below.
Today is the final day to invest in Rayton’s crowdfunding campaign on StartEngine. For a minimum investment of just $501, you will help us get one step closer to marketing our product… and you’ll join a GaAs device market that’s expected to grow to $22 billion by 2026.
We’re so close to reaching the next phase of our journey where we’re expected to bring in $9M in annual gross revenue. This will lead us to our second phase where we’re looking to generate $32M in revenue.
This is your chance to join more than 6,000 other investors who became part of this patented groundbreaking technology.
The future is full of possibilities and we want you to join us. Our campaign ends TODAY. Invest now by clicking the link below.
In 2013, CEO & Founder Andrew Yakub brought California-based Rayton Solar to life after noticing a demand for a more cost-effective source of energy.
In less than a year, the company had secured an accelerator co-development agreement with Phoenix Labs (PNL) to provide a key piece of state-of-the-art equipment that would allow Rayton to begin their work developing the product.
For the next two years, Rayton would focus on innovating and funding, raising $2.4M in an accredited investor round and completing a joint development agreement with PNL.
By 2017, the solar panel company was qualified by the SEC to conduct their first Reg A+ offering, where they raised $5.4M to construct key equipment and complete R&D.
This milestone launched Rayton into building mode where they spent $1.4M on the ion implanter buildout, which is now constructed and pending shipment to Rayton. It was during this same time that Rayton also secured their product recipe and trade secrets.
In 2019 and 2020, Rayton announced their product of least resistance and path to revenues. The company issued a Regulation CF offering to existing and new shareholders which reached its max of $1M.
Since then, Rayton has worked to secure their new headquarters in Irvine, CA, where they’ve officially entered the Beta Phase. It’s been incredible to see the support and success that Rayton has achieved along the way — and it’s exciting to know the best is to come.
There are only three days left to invest in Rayton Solar. For only $501, you can become an investor in the current crowdfunding campaign. Click the link below to invest and then share the link with your friends and family.
There’s less than one week left in our crowdfunding campaign, and we’re thrilled to share more about our new headquarters in Irvine, CA! Thanks to your investments, we will be turning this blank space into a high-tech semiconductor manufacturing facility. Click the link below for a tour:
Our new 8,757-square-foot building will allow us to launch into the Beta Phase of our business plan. The new facility will house our new $2.38M world-class particle accelerator and other critical equipment that we need to begin building sample materials.
We’re still working towards some of the engineering tasks we need to accomplish before we can produce sample materials, but we are one (large) step closer.
Your investments will soon help catapult us into our initial revenue phase where we anticipate generating up to approximately $9M per year or 120,000 wafers per year.
The momentum is strong right now, and we want to keep things moving so we can reach our goals even faster. We’d love for you to join us on this exciting journey! To support our efforts, click the link below to invest in Rayton or share the link with your friends and family.
At Rayton Solar, we have a clear roadmap to help guide us toward our goals. Here’s a detailed look at each phase that will lead us to this goal.
Where We Are Now
We are currently in the Beta Phase of production where we will produce engineered wafers at our brand new Irvine, CA, facility. We have completed payments on the accelerator and await its arrival from the manufacturer. In the beta phase, we will be able to sample out epitaxy and wafer foundries for high-speed high-power electronic components. Our goal is for the Beta Phase to last 12 months.
Once we enter Phase 1, we’ll need to purchase more semiconductor processing equipment so we can enter a fully automated and high volume manufacturing phase, which will bring us into revenue. This phase is expected to take one year with an estimated revenue per year of $9M in gross revenue.
Phase 2 will be all about increasing the throughput of the full manufacturing line to 432,000 wafers a year thanks to additional semiconductor processing equipment. Our goal for this 12-month phase is to generate $32M in revenue each year.
We’re excited to reach our goals thanks to your support. If you would like to join this journey with us, you can click below to invest in Rayton now.
With only seven more days left to invest in Rayton during this offering, time is running out. If you haven’t taken the time to learn about what we’re doing, here is a quick breakdown for you.
Rayton has been granted two patents for our groundbreaking semiconductor wafers and the processes required to manufacture them. Using our proprietary technology, our manufacturing process can yield 100 times the material as conventional methods.
We are backed by more than 6,000 investors who are joining us as we aim to lower the supply costs and improve manufacturing efficiency for next-generation electronics — changing the world of automotive, aerospace, 5G, LED, and solar power forever.
We are quickly approaching our goal to begin the Beta Phase of operations. We’re proud to have secured a facility in Irvine, CA, where we will soon receive the commercial-grade, high volume equipment we need to get started.
During this phase, we will begin ramping up to the production of 25 wafers per hour to enter Phase One of production.
There’s no end to the exciting things happening at Rayton right now. We are excited about the future and believe we are doing something truly incredible for the semiconductor space and the future of technology.
To invest in Rayton now, click below.
Are you interested in joining us as we change the future of cutting-edge industries like automotive, aerospace, 5G, LED, and solar?
At Rayton, we’ve developed a unique technology that has the potential to reduce the price point for materials used in next-generation electronics by up to 25 percent.
Thanks to your incredible support, we are approaching the $1.5M mark in investments and are proudly entering the Beta Phase of operations.
It’s in this phase that we plan to use our commercial-grade, high-volume equipment to produce samples that we can use to seek and potentially secure sales contracts. We will then begin ramping up the production of our groundbreaking semiconductor wafers so we can change the way high-tech devices are created forever.
The work we’re doing at Rayton is changing the game—and we want you to be a part of it. When you invest in Rayton, you will become part of a GaAs device market that’s expected to grow to $22 billion by 2026.
To invest in Rayton before it’s too late, simply click the button below.
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