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Atomera Licenses MST Technology to Asahi Kasei Microdevices (AKM)

September 25, 2018

Highlights:

-- Asahi Kasei Microdevices, a Japanese semiconductor manufacturer of high-end specialty integrated circuits (ICs) and sensor products, has licensed Atomera’s Mears Silicon Technology™ (MST). -- This agreement represents the first license revenue for Atomera and the beginning of our commercial license business. -- Access to Atomera’s silicon enhancement Intellectual Property (IP) provides AKM with technology to address global market opportunities

LOS GATOS, Calif., Sept. 25, 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 Asahi Kasei Microdevices (AKM), a global leader in the design and manufacture of high performance analog and digital integrated circuits, has signed an integration license with Atomera’s MST technology for use in consumer, automotive, and industrial semiconductor applications.

The phased license agreement provides rights for AKM to integrate Atomera’s technology into their devices for development purposes as a first phase toward a full manufacturing and distribution license. Atomera’s 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.

“Atomera’s MST technology provides an important new capability for the semiconductor industry,” said Ryo Tsuda, General Manager, AKM Fab2. “Through the use of MST, AKM sees consistent improvement in semiconductor device parameters which we believe will give us an advantage in the market.”

“AKM has recognized the enormous potential of Atomera’s technology with a license for MST, and we will continue to support them in their efforts to create breakthrough products using MST and get them to production quickly,” said Scott Bibaud, Atomera’s President and CEO. “This agreement marks the beginning of Atomera’s commercial phase and is the first of what we expect to be many more licenses to the semiconductor industry.”

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 StatementsThis 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.

Investor Contact: Atomera Frank Laurencio (408) 442-5246

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