LOS GATOS, Calif., Jan. 30, 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 one new customer has entered into Integration Phase (Phase 3), and one customer has progressed into the Setup Phase (Phase 2) of the company’s customer engagement cycle.
- A leading semiconductor manufacturer has entered Phase 3.
- Atomera now has six customers in the Integration Phase (Phase 3) – double the number from a year ago.
- One new customer has moved from Phase 1 (Planning) into the company’s Setup Phase (Phase 2) which means they have started wafers for use with Atomera’s technology.
- Atomera is now engaged with 50% of the world’s top semiconductor manufacturers.
Atomera uses a customer engagement cycle model to keep investors informed about their progress toward commercialization. There are three phases in Atomera’s customer engagement cycle; the third level or Integration Phase is the final step before a customer enters into a licensing agreement with the company. Atomera now has 14 total customers evaluating its Mears Silicon Technology (MST): 6 in Phase 1, 2 in Phase 2, and 6 in Phase 3.
“We have been making consistent progress working with our customers to advancing them toward revenue for Atomera, doubling the number of customers evaluating MST in Phase 3,” said Scott Bibaud, Atomera’s President and CEO. “In addition, our collaboration with Synopsys continues to bear fruit as the delivery of MST-inserted TCAD models to semiconductor manufacturers accelerates their evaluation and integration of our technology. We believe the growing pipeline and enhanced modeling capabilities will help fast-track a license decision.”
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
This press release contains forward-looking statements concerning Atomera Incorporated, including statements regarding the prospects for the semiconductor industry generally and the ability of its 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 Atomera has not yet commenced revenue producing operations or entered into a definitive agreement with regard to the licensing or commercialization of its MST technology, thus subjecting Atomera to all of the risks inherent in a pre-revenue enterprise; (2) risks related to Atomera’s ability to raise sufficient capital, as and when needed, to pursue the further development, licensing and commercialization of its MST® technology; (3) Atomera’s ability to protect its proprietary technology, trade secrets and know-how and (4) those other risks disclosed in the section “Risk Factors” included in Atomera’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on March 31, 2017. Atomera caution readers not to place undue reliance on any forward-looking statements. Atomera does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.