SAN JOSE, Calif. and Shanghai, November 20, 2017 — Intermolecular, Inc. (NASDAQ: IMI), the trusted partner for advanced materials innovation and SITRI, the innovation center for accelerating the development and commercialization of “More than Moore” (MtM) technologies, today announced a strategic alliance to accelerate materials innovation. As part of the partnership, Intermolecular will extend beyond pathfinding and screening by gaining access to test vehicles and device capability through the use of SITRI’s MtM fab and SITRI will leverage Intermolecular’s expertise to perform rapid screening to optimize critical material selections. Together the two parties will bring their joint solutions to customers working on new device technologies.
“We look forward to working with SITRI to bring our materials expertise and methodology to their partners and customers,” said Chris Kramer, CEO of Intermolecular. “The discovery and implementation of new materials will drive innovation for ‘More than Moore,’ but is extremely complex. Our High-Throughput Experimentation platform combined with SITRI’s expertise and strong ecosystem can rapidly ease materials screening and enable the next generation of technology innovations.”
“More than Moore” is the next wave of innovations such as MEMS, Sensors, Optoelectronics, RF, Bio, and micro-Energy that do not depend on feature-size driven CMOS technology (the “Moore’s Law”). The first of its kind for “More than Moore” and IoT hardware startups, SITRI provides entrepreneurs a full spectrum of services and resources designed to help them succeed in their development and commercialization phases.
“This cooperation with Intermolecular will expand SITRI’s capabilities across the supply chain to bring new innovative ways to discover and test materials,” said Charles Yang, president of SITRI. “I am confident that Intermolecular’s proven methodology and experience will enhance our industrial ecosystem.”
SITRI (Shanghai Industrial Technology Research Institute) is an innovation center established to accelerate the development and commercialization of “More than Moore” solutions to power the Internet of Things. As a global organization, SITRI offers its partners and customers a comprehensive solution offering – from funding, IP and ecosystem development to engineering services, marketing research, manufacturing resources and China market access – to help them more quickly move their ideas from concept to commercialization. For more information, visit www.sitrigroup.com.
About Intermolecular, Inc.
Intermolecular is the trusted partner for advanced materials innovation. Advanced materials are at the core of innovation in the 21st century for a wide range of industries including semiconductors, consumer electronics, automotive and aerospace. With its substantial materials expertise, accelerated learning and experimentation platform and customer-driven approach, Intermolecular has a decade of experience helping leading companies accelerate materials innovation.
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