12/13/2012 | Press release

Intermolecular Joins the Global Semiconductor Alliance

distributed by noodls on 12/13/2012 10:29

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SAN JOSE, Calif., Dec. 13, 2012 (GLOBE NEWSWIRE) -- Intermolecular, Inc.,(Nasdaq:IMI) - accelerating research and development (R&D) for semiconductor and clean energy industries - is pleased to announce that the company has become a member of the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry. The cost of R&D rises exponentially as the industry moves toward the production of ever smaller devices requiring new materials and device architectures. Intermolecular uses disruptive High Productivity Combinatorial (HPC™) workflows to increase R&D productivity by 10-100 times, allowing customers to enhance product performance, mitigate development risks, and reduce time-to-market.

"We work with leaders in the semiconductor industry on the development of new materials, processes, and device intellectual property," said David Lazovsky founder, President, and Chief Executive Officer of Intermolecular. "Our current workflows are being used to accelerate R&D for both logic and memory devices, from 65nm- down to the 10nm-node. Since we're involved with leading semiconductor companies, it is natural for us to join a leading organization like GSA."

Intermolecular's mission is to drive its 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. Intermolecular's HPC workflows have accelerated the development of next-generation devices, and have rapidly improved the yield of devices from existing manufacturing lines.

"We feel that the timing is excellent for Intermolecular to join the GSA," said Jodi Shelton, co-founder and president of GSA. "Intermolecular helps technology companies increase their productivity so that they can bring better products to market faster. With escalating R&D costs for our member companies, Intermolecular's disruptive approach should be of great interest."

As a member of the GSA, Intermolecular will have access to a multitude of benefits including: participation on councils and committees; involvement with working groups; participation in roundtables, events or speaking opportunities; access to research, reports and surveys; listings in directories and publications; PR visibility opportunities like developing a contributed article in the GSA Forum, members spotlight, awards and member news, to name a few.

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 HPCTM 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 GSA

The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the GSA identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org.

CONTACT: Intermolecular Media Contact:

         Ed Korczynski, Intermolecular

         Marketing Communications Director

         edk@intermolecular.com

         +1.408.582.5629


         Intermolecular Investor Relations Contact:

         Gary Hsueh, Intermolecular

         Sr. Director of Corporate Development and Investor Relations

         gary.hsueh@intermolecular.com

         +1.408.582.5635


         GSA Contact:

         Nicole Bowman

         972-866-7579 ext.129

         nbowman@gsaglobal.org


         GSA Media Contact:

         Shelton Group for GSA

         Stacey Gaswirth/Sarah Dunn

         972-239-5119 ext.132/ext.139

         sgaswirth@sheltongroup.com

         sdunn@sheltongroup.com

Source: Intermolecular, Inc.

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