Atomera, Inc: Atomera Announces First Customer to Enter Phase 4

Rhea-AI Summary

Atomera Incorporated (NASDAQ:ATOM) announced on March 2, 2021, that it has advanced a joint development agreement (JDA) customer to the fourth phase of its customer engagement process. This marks the first customer to reach this stage, indicating successful delivery of the Mears Silicon Technology (MST) intellectual property transfer package. Atomera's customer pipeline consists of 25 engagements: nine in phase one, 15 in phase three, and one in phase four. MST aims to improve semiconductor performance and power efficiency, compatible with current manufacturing processes.

Positive

• First customer advanced to phase four of the engagement process, indicating progress in commercialization.
• MST technology is compatible with existing semiconductor manufacturing equipment, facilitating easier adoption.
• Company has a robust pipeline with 25 total customer engagements.

Negative

• Minimal engineering services and licensing revenues recognized to date.
• No definitive royalty-based manufacturing and distribution license agreements yet established.
• Concerns regarding ability to raise sufficient capital for further development and commercialization.

LOS GATOS, CA / ACCESSWIRE / ­­ March 2, 2021 / ­­ Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today announced it has advanced its previously announced JDA customer to the fourth phase of its customer engagement process, indicating that Atomera has delivered its MST IP transfer package in accordance with JDA contract.

With this advancement, the JDA customer became the first Atomera customer to enter the fourth phase of the six-phase engagement process, which culminates in commercialization of MST-enabled wafers.

Atomera currently has 25 engagements in its customer pipeline, consisting of nine in phase one, 15 in phase three, and one in phase four.

About Atomera Incorporated

Atomera Incorporated is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera 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

Safe Harbor

This press release contains forward­looking 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 forward­looking 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 we have not yet commenced principal revenue producing operations or entered into a definitive royalty-based 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 our ability to successfully complete the milestones in our joint development agreement or, even if successfully completed, to reach a commercial distribution license with our JDA customer; (3) risks related to our ability to advance the licensing arrangements with our initial integration licensees, Asahi Kasei Microdevices, ST Microelectronics and our fabless licensee, to royalty-based manufacturing and distribution licenses or our ability to add other licensees; (4) 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; (5) our ability to protect our proprietary technology, trade secrets and know­how and (6) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed with the SEC on February 19, 2021. We caution readers not to place undue reliance on any forward­looking 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:

Bishop IR
Mike Bishop
(415) 894-9633
investor@atomera.com

SOURCE: Atomera, Inc

View source version on accesswire.com:
https://www.accesswire.com/632813/Atomera-Inc-Atomera-Announces-First-Customer-to-Enter-Phase-4

FAQ

What milestone did Atomera achieve with its JDA customer?

Atomera advanced its JDA customer to the fourth phase of its customer engagement process.

How many customer engagements does Atomera have?

Atomera currently has 25 customer engagements in its pipeline.

What is the significance of phase four in Atomera's customer engagement process?

Phase four indicates successful delivery of the MST IP transfer package and progress towards commercialization of MST-enabled wafers.

What is Mears Silicon Technology (MST)?

MST is Atomera's proprietary technology aimed at improving semiconductor performance and power efficiency.

What risks does Atomera face according to the press release?

Atomera faces risks related to generating revenue, capital raising, and protecting its proprietary technology.