STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, has executed an integration license for Atomera’s Mears Silicon Technology™ (MST) as a continuation of their R&D phase.
The phased license agreement provides rights for STMicroelectronics to integrate Atomera MST with their in-house technology.
LOS GATOS, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Atomera Incorporated (NASDAQ: ATOM), a semiconductor materials and licensing company focused on deploying its proprietary technology into the semiconductor industry, today announced that STMicroelectronics (ST) has signed an integration license for Atomera’s MST technology. This license gives ST certain rights to integrate MST technology into their products and is the first of a three-phase licensing process with the next two being manufacturing and distribution phases. The licensing agreement adds to Atomera’s growing customer base, revenue, and further validates Atomera’s silicon enhancement Intellectual Property (IP) strategy.
Mears Silicon Technology (MST) is a patented, quantum-engineered material which can enhance transistors to deliver significantly better performance in today’s electronics. That means consumer electronics, such as mobile phones can have longer battery life, IOT devices can be made smaller, and cloud computing will become even more powerful.
“STMicroelectronics enjoys a leading position in many high growth segments of the semiconductor market today, including Smart Driving and Internet of Things” said Scott Bibaud, Atomera’s President and CEO. “With the powerful combination of their team’s expertise and our MST technology, we are hopeful it will drive products in those segments to new levels of performance.”
MST Technology Benefits
Manufacturers can address their yield, power and performance challenges at a fraction of the cost of alternative approaches. Atomera breathes new life into semiconductor fabs by providing up to a full node of performance benefits to existing fab processes empowering competitive new product designs in existing fabs. Atomera’s patented material technology enables more efficient and better controlled current flow, leading to dramatic improvements in device performance and power efficiency.
About Atomera Atomera Incorporated has developed Mears Silicon Technology (MST), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano-scaling technologies already in the semiconductor industry roadmap. More information can be found at www.atomera.com
Forward Looking Statements
This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the ability of our MST® technology to significantly improve semiconductor performance and the prospects of our relationship with AKM to progress to a manufacturing and distribution license agreement. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the fact that we have not yet commenced revenue producing operations of a recurring nature or entered into a definitive agreement with regard to the commercialization of our MST technology, thus subjecting us to all of the risks inherent in a pre-revenue enterprise; (2) risks that the relationship with AKM will not progress to a manufacturing and distribution license or otherwise result in meaningful revenue to us, (3) risks related to our ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of our MST® technology, (4) our ability to protect our proprietary technology, trade secrets and know-how and (5) those other risks disclosed in the section "Risk Factors" included in our 2017 Annual Report on Form 10-K filed with the SEC on March 6, 2018. We caution readers not to place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.