SAN JOSE, Calif., April 23, 2014 (GLOBE NEWSWIRE) -- Intermolecular, Inc. (Nasdaq: IMI )—accelerating research and development for semiconductor and clean energy industries—today announced that Epistar Corp. and Intermolecular have signed a multi-year extension of their existing collaborative development program (CDP) and royalty-bearing IP licensing agreement to increase the efficiency and reduce the cost of Epistar's light emitting diode (LED) devices.
Under the terms of the agreement, which was initially established in April 2013, Epistar and Intermolecular engineers will continue to work together to leverage Intermolecular's High Productivity Combinatorial (HPC™) technology platform to dramatically accelerate development and manufacturing qualification of novel materials and processes for advanced LED products.
"Epistar is leveraging Intermolecular's HPC methodology and technology in order to accelerate R&D experimentation as we bring more advanced, higher-performing LED devices to market for our customers," stated Carson Hsieh, vice president of R&D at Epistar. "Our CDP with Intermolecular helped to significantly increase the performance of one of our LED products during development, and we are now in the process of implementing that technology in production. In the coming years we expect our continuing relationship with Intermolecular to support further advancements in our technology roadmap."
"Increasing LED efficiency is the key to reducing LED system cost and enabling widespread adoption of more innovative lighting products. We are pleased to enter into this multi-year agreement extension with Epistar—a leader in LED manufacturing—to support their product innovation strategy through accelerated materials development and LED device integration," stated Sandeep Nijhawan, senior vice president and general manager, Clean Energy Group at Intermolecular.
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.
About Intermolecular, Inc.
Intermolecular ® 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 High Productivity Combinatorial (HPC™) platform, application-specific workflows and 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 .
Press Contact David Moreno MCA Public Relations +1.650.968.8900 x125 Investors Gary Hsueh, Intermolecular Sr. Director of Corporate Development and Investor Relations +1.408.582.5635
