DGAP-News: First Solar Extends and Expands Collaboration and Licensing Agreement With Intermolecular
(firmenpresse) - Intermolecular, Inc.
07.01.2013 15:25
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Program Targets Conversion Efficiency Gains Beyond First Solar's Previously
Announced Roadmap Leveraging Intermolecular's Combinatorial Platform
SAN JOSE, Calif. and TEMPE, Ariz., 2013-01-07 15:25 CET (GLOBE NEWSWIRE) --
Intermolecular, Inc. (Nasdaq:IMI) and First Solar, Inc. (Nasdaq:FSLR) today
announced they have entered into a two-year collaboration and licensing
agreement focused on further increases to the conversion efficiency of First
Solar's cadmium telluride (CdTe) solar cell technology. Under the new
collaborative development program, First Solar and Intermolecular researchers
will work together to develop disruptive new approaches to increasing the
performance of CdTe solar cell technology using Intermolecular's proprietary
High Productivity Combinatorial (HPC(tm)) platform. The program targets
substantial gains in First Solar's module conversion efficiency beyond its
previously announced roadmap.
'We are excited to extend and deepen our collaboration with IMI. The
combinatorial approach to material and process screening has shown promise to
augment First Solar's already world-leading research and development
capabilities in CdTe solar technology, enabling better performance and faster
time-to-market,' said Raffi Garabedian, First Solar's Chief Technology Officer.
'This program targets disruptive advances in our module performance which will
be additive to our current roadmap. We are confident this effort will bear
fruit in the coming years, combining with our other new R&D advances to extend
our leadership in photovoltaic technology and further enhance value for our
power plant customers.'
Sandeep Nijhawan, Vice President and General Manager of Intermolecular's Clean
Energy Group, noted, 'We are excited to partner with First Solar, a global
leader in thin-film photovoltaic technology and systems. Extending and
expanding the collaboration with First Solar after working closely with them
last year represents tremendous validation of our value proposition. We look
forward to be closely working with First Solar to further increase CdTe solar
cell conversion-efficiency by leveraging our HPC platform and capabilities.'
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.
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 any incremental revenue related to
the technology that is being leveraged. 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, and its subsequent reports on Form 10-Q for fiscal year 2012.
The Companydisclaims 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 First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV)
solar systems which use its advanced thin-film modules. The company's
integrated power plant solutions deliver an economically attractive alternative
to fossil-fuel electricity generation today. From raw material sourcing through
end-of-life module collection and recycling, First Solar's renewable energy
systems protect and enhance the environment. For more information about First
Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the
safe harbor provisions of Section 21E of the Securities Exchange Act of 1934.
The forward-looking statements in this release do not constitute guarantees of
future performance. Those statements involve a number of factors that could
cause actual results to differ materially, including risks associated with the
company's business involving the company's products, their development and
distribution, economic and competitive factors and the company's key strategic
relationships and other risks detailed in the company's filings with the
Securities and Exchange Commission. First Solar assumes no obligation to update
any forward-looking information contained in this press release or with respect
to the announcements described herein.
CONTACT: Intermolecular
Media
Ed Korczynski, Intermolecular
Marketing Communications Director
edk(at)intermolecular.com
+1.408.582.5629
Investors
Gary Hsueh, Intermolecular
Sr. Director of Corporate Development and Investor Relations
gary.hsueh(at)intermolecular.com
+1.408.582.5635
First Solar
Media
Ted Meyer
ted.meyer(at)firstsolar.com
+1 602-427-3318
Investors
David Brady
+1 602 414-9315
dbrady(at)firstsolar.com
or
Ryan Ferguson
+1 602 414-9315
rferguson(at)firstsolar.com
News Source: NASDAQ OMX
07.01.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Intermolecular, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901240674
WKN:
End of Announcement DGAP News-Service
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