DGAP-News: Intermolecular Announces CIGS PV Collaboration With KAUST
(firmenpresse) - Intermolecular, Inc.
09.07.2012 14:25
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Contributing to the Renewable Energy Strategy in Kingdom of Saudi Arabia
SAN JOSE, Calif., 2012-07-09 14:25 CEST (GLOBE NEWSWIRE) --
Intermolecular, Inc. (Nasdaq:IMI) - accelerating research and development (R&D)
for semiconductor and clean energy industries - today announced an ongoing
project with King Abdullah University of Science and Technology (KAUST) for the
enhancement of copper-indium-gallium-diselenide (CIGS) thin film photovoltaic
(PV) manufacturing technology. The advanced metrology capabilities of the Solar
and Photovoltaics Engineering Research Center (SPERC) at KAUST in Thuwal,
Kingdom of Saudi Arabia, are used along with Intermolecular's High Productivity
Combinatorial (HPC(tm)) platform in San Jose to rapidly learn about high
efficiency CIGS solar cell materials and process interdependencies.
'Working with Intermolecular's team and HPC platform allows us to accelerate
our mission of developing sustainable solar power,' commented Professor Ghassan
Jabbour, Director of SPERC at KAUST. 'The Kingdom of Saudi Arabia is focusing
enormous resources on developing renewable energy technologies as part of the
strategy to transform its fossil fuel-based economy in the coming decades.
KAUST is at the forefront of this effort and sees CIGS technology as extremely
promising in terms of its potential to deliver the lowest cost solar
electricity in the Kingdom.' The joint IMI-KAUST project is led by Research
Scientist Dr. Jessica Eid, a member of Prof. Jabbour's team, hosted at
Intermolecular's facility in San Jose, CA.
Sandeep Nijhawan, Intermolecular's vice president of its Clean Energy Group,
commented, 'We are fully committed to accelerating various PV technologies
using our HPC platform. We recently reported progress on our patent pending
sulfur-free, two-step sputtered CIGS approach with fundamental manufacturing
benefits at the IEEE PV Specialists Conference (IEEE-PVSC). The breakthrough
result of 17.7% active-area CIGS efficiency at an open-circuit voltage of 692mV
--which we developed internally in less than one year -- reaffirms the broad
applicability of our HPC platform to rapidly advance CIGS PV. We are very
excited to work with KAUST to further enhance CIGS technology and showcase our
capabilities in this important region.'
Intermolecular's mission is to drive our customers' success by transforming R&D
and accelerating innovation in markets that derive competitive advantage from
the interaction of materials science, processes, integration and device
architecture.
Forward-Looking Statements
Statements made in this press release that are not statements of historical
fact are forward-looking statements. Forward-looking statements are subject to
the 'safe harbor' provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this press release relate, but are not
limited, to the Company's expectations for greater conversion efficiency and
manufacturability of its CIGS PV cells and other PV technologies.
Forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from expectations, including but not
limited to risks detailed from time to time under the heading 'Risk Factors' in
the Company's report on Form 10-K for fiscal year 2011, andits subsequent
reports on Form 10-Q for fiscal year 2012. The Company disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
About Intermolecular, Inc.
Intermolecular(r) 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 HPC(TM) 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' is a trademark of
Intermolecular, Inc.; all rights reserved. Learn more at
www.intermolecular.com.
The Intermolecular, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11116
About King Abdullah University of Science and Technology (KAUST)
King Abdullah University of Science and Technology (KAUST) is an international,
graduate university committed to advancing science and technology through
transdisciplinary research, education and innovation. The University's unique
matrix structure supports both basic and goal-oriented research in the globally
significant areas of energy, water, food, and environment to benefit Saudi
Arabia and beyond. Located on the Red Sea, KAUST is the realization of a
decade-long vision of the Custodian of the Two Holy Mosques, King Abdullah Bin
Abdulaziz Al Saud. The University is governed by an independent,
self-perpetuating Board of Trustees and supported by a generous endowment.
CONTACT: Press Contact
Ed Korczynski, Intermolecular
Marketing Communications Director
edk(at)intermolecular.com
+1.408.582.5629
Investor Relations Contact
Gary Hsueh, Intermolecular
Sr. Director of Corporate Development and Investor Relations
gary.hsueh(at)intermolecular.com
+1.408.582.5635
News Source: NASDAQ OMX
09.07.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
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Language: English
Company: Intermolecular, Inc.
United States
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ISIN: US9901240674
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