Atomera Inc (ATOM)

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Atomera Successfully Meets Requirements of Joint Development Agreement

"April 14, 2022

Opens Door to Development with Business Units and Applications Areas

LOS GATOS, CA / ACCESSWIRE / April 14, 2022 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today announced the success of its Joint Development Agreement (JDA) with a leading semiconductor company that it had entered into last year. Officially reaching this milestone results in Atomera recognizing revenue related to it in Q1 2022.

Announced in January 2021, this JDA included a manufacturing license enabling Atomera's customer to build Mears Silicon Technology™ (MST®) wafers on an epitaxial deposition (Epi) tool in their own factory. The focus of the JDA was to ensure Atomera's technology met the manufacturability and performance targets set by the customer before further work commenced within the company. Having met these criteria, Atomera can now move on to engagements with individual business units and applications areas.

"Clearing this critical hurdle with such an important customer showcased many important steps to commercialization," said Scott Bibaud, president and CEO of Atomera. "Our two teams worked together to transfer our technology into their hands and validate performance on their tool. We then closely cooperated to deliver results which proved MST meets manufacturability targets of a high-volume semiconductor manufacturer. This is a very important milestone that we believe will be appreciated by our future customers."

MST is a quantum-engineered material that enhances transistors to deliver significantly better performance in semiconductor devices, while shrinking die sizes and reducing costs. As it is a complementary material technology to other nano-scaling technologies in the semiconductor industry roadmap, it can be implemented on standard manufacturing tools without significant additional cost or modification to the current semiconductor fabrication process. When successfully integrated, MST can deliver up to a full node of power and performance improvement within the same geometry.

About Atomera

Atomera Incorporated, one of America's top 100 Best Small Companies in 2022 ranked by Forbes, is a semiconductor materials and technology licensing company focused on deploying its proprietary, silicon-proven technology into the semiconductor industry. Atomera 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 in the semiconductor industry roadmap. More information can be found at www.atomera.com."