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Intermolecular Announces Technology Development and IP Licensing Agreement With Micron for Advanced Memory Technologies

Intermolecular, Inc. Logo

SAN JOSE, Calif., April 17, 2013 (GLOBE NEWSWIRE) -- Intermolecular, Inc. (Nasdaq:IMI) today announced that it has entered into a multi-year technology development and IP licensing agreement with Micron Technology, Inc. (Nasdaq:MU), focused on technology development and related IP for advanced memory technologies.

The collaboration will involve development activities at Intermolecular's R&D center in San Jose and will leverage Intermolecular's High Productivity Combinatorial (HPCTM) innovation platform. The collaboration is also anticipated to provide time-to-market improvements for Micron through acceleration of advanced materials development.

"New materials and device architectures are increasingly needed to meet future embedded and mobile technology requirements, and partnering with Micron in this exciting area is a significant milestone for Intermolecular," said Dave Lazovsky, president and CEO of Intermolecular.

"Micron's global R&D efforts are focused on creating advanced memory solutions, and we believe development of new materials technology is a key enabler to many of our future challenges," said Scott DeBoer, Micron's vice president of research & development. "We look forward to working with Intermolecular to enhance our novel materials development efforts."

Intermolecular's mission is to improve R&D efficiency in the semiconductor and clean energy industries through collaborations that use its HPC platform, which allows R&D experimentation to be performed at speeds up to 100 times faster than traditional methods.

About Intermolecular

Intermolecular has pioneered a proprietary approach to accelerate research and development, innovation, and time-to-market for the semiconductor and clean-energy industries. The approach consists of its proprietary High Productivity Combinatorial (HPC™) platform, coupled with its multi-disciplinary team. Through paid Collaborative Development Programs (CDPs) with its customers, Intermolecular develops proprietary technology and intellectual property for its customers focused on advanced materials, processes, integration and device architectures. Founded in 2004, Intermolecular is based in San Jose, California. "Intermolecular" and the Intermolecular logo are registered trademarks; and "HPC" and "Tempus" are trademarks of Intermolecular, Inc.; all rights reserved. Learn more at www.intermolecular.com.

CONTACT: Press Contact David Moreno MCA Public Relations dmoreno@mcapr.com +1.650.968.8900 x125 Investor Relations Contact Gary Hsueh Intermolecular, Inc. Sr. Director of Corporate Development and Investor Relations gary.hsueh@intermolecular.com +1.408.582.5635

Source:Intermolecular, Inc.