Atomera and Market Leading Semiconductor Company Sign Joint Development Agreement for Use of MST in Future Devices

Rhea-AI Summary

Atomera (NASDAQ: ATOM) has announced a Joint Development Agreement (JDA) with a leading semiconductor provider to integrate its patented Mears Silicon Technology (MST) into their production lines. This partnership will enable the customer to manufacture semiconductor wafers using MST, which enhances transistor performance and extends Moore's Law. The agreement is expected to generate revenue for Atomera within the year and supports their mission to foster strategic relationships in the semiconductor industry. MST can provide significant performance improvements while being compatible with existing manufacturing processes.

Positive

• The JDA will generate revenue for Atomera within the current year.
• Integration of MST can deliver up to a full node of power and performance improvement.
• The partnership aims to enhance customer relationships and accelerate technology adoption.

Negative

• Atomera has recognized minimal revenues from engineering services and licensing to date.
• The agreement is Atomera's first definitive manufacturing and distribution license for MST, posing inherent risks.
• There are risks related to advancing additional licensing arrangements and raising capital for technology commercialization.

New collaboration will leverage Atomera's transistor enhancement technology to develop improvements across the manufacturer's production lines

LOS GATOS, CA / ACCESSWIRE / January 5, 2021 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today announced it has entered into a Joint Development Agreement (JDA) with a leading semiconductor provider for integration of Atomera's Mears Silicon Technology (MST) into their silicon fabrication process. The JDA includes a manufacturing license allowing the customer to fabricate semiconductor wafers incorporating MST for use in their products. Atomera's MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today's electronics.

"Atomera is thrilled to join with an industry leader that has a strong record of technology innovation to extend Moore's Law," said Scott Bibaud, president and CEO, Atomera. "During this JDA, we will work together to prove the technical and economic advantage of adopting MST across multiple process technologies and business units within our partner company. This agreement aligns well with our long-standing mission to collaborate with leaders in the industry to extend the life of existing manufacturing processes and accelerate adoption of new technologies, through development of our cutting-edge materials."

This latest agreement is part of Atomera's effort to develop deeper and more strategic relationships with selected customers through JDAs - an agreement format that is well suited to large customers who have multiple production nodes, process technologies and product divisions, ultimately leading to deeper customer penetration, faster integration, and quicker adoption across product lines. The agreement will generate revenue for Atomera this year.

MST Extends the Life of Moore's Law
Atomera's MST helps semiconductor manufacturers squeeze additional benefits out of their current manufacturing technology. When successfully integrated, MST can deliver up to a full node of power and performance improvement within the same geometry allowing semiconductor makers to improve product profitability through increased prices or lower costs.

Atomera does this through patented techniques that enhance key transistor characteristics, enabling higher performance, lower power, and reduced variability. These improvements can enable new designs, both analog and digital, which may otherwise not be possible in existing process technologies. MST is a material technology proven to be complementary to other nano-scaling technologies in the semiconductor industry roadmap and can be implemented on standard manufacturing tools without significant additional cost or modification to the current semiconductor fabrication process.

About Atomera
Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. For more information, please visit Atomera.com

Safe Harbor
This press release contains forward-­looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of our MST technology to significantly improve semiconductor performance. 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, to date, we have only recognized minimal engineering services and licensing revenues and the JDA referred to herein is our first definitive manufacturing and distribution license agreement with regard to our MST technology, thus subjecting us to all of the risks inherent in an early-stage enterprise; (2) risks related to our ability to advance the additional licensing arrangements with our other integration licensees to royalty-based manufacturing and distribution licenses or our ability to add other licensees; (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 know­how and (5) those other risks disclosed in the section "Risk Factors" included in our Prospectus Supplement filed with the SEC on September 2, 2020. 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.

Investor Contact:
Mike Bishop
(415) 894-9633
investor@atomera.com

Media Contact:
Jeremy Hyatt
(949) 607-9000
pr@gflashmedia.com

SOURCE: Atomera, Inc

View source version on accesswire.com:
https://www.accesswire.com/623090/Atomera-and-Market-Leading-Semiconductor-Company-Sign-Joint-Development-Agreement-for-Use-of-MST-in-Future-Devices

FAQ

What is the significance of Atomera's Joint Development Agreement with a semiconductor company?

The JDA allows Atomera to integrate its Mears Silicon Technology into the partner's production, enhancing semiconductor performance.

How does Atomera's MST technology impact semiconductor manufacturing?

MST enables manufacturers to achieve better performance and power efficiencies while extending the life of existing technologies.

When is revenue expected from Atomera's new partnership?

Revenue from the Joint Development Agreement is anticipated to be generated within the current year.

What risks are associated with Atomera's recent agreement?

Risks include minimal past revenues, potential challenges in further licensing agreements, and the need for additional capital.

What is Atomera (ATOM) focused on in the semiconductor industry?

Atomera specializes in semiconductor materials and technology licensing, aiming to enhance performance through its proprietary technologies.