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DGAP-News: Intermolecular and Guardian Industries Expand Collaboration and Technology Licensing Agreement
ID: 568291
(firmenpresse) - Intermolecular, Inc.
06.02.2012 14:25
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Additional Programs Focused on Accelerating Development of Innovative Glass
Coatings and Optoelectronic Devices
SAN JOSE, Calif. and AUBURN HILLS, Mich., 2012-02-06 14:25 CET (GLOBE NEWSWIRE)
--
Intermolecular, Inc. (Nasdaq:IMI) and Guardian Industries today announced the
expansion and extension of their collaborative development program (CDP) and
strategic technology licensing agreement. Guardian is the world's largest
manufacturer of coated glass for automotive, architectural and other
applications. Intermolecular accelerates research and development (R&D) for
semiconductor and clean-energy industries.
The partnership between Intermolecular and Guardian addresses development of a
diverse portfolio of advanced glass coatings, many related to energy
conservation or generation. Intermolecular's High-Productivity Combinatorial
(HPC(tm)) R&D platform accelerates time-to-market for new and improved Guardian
glass products. The newly signed agreement will extend and broaden the existing
partnership to allow the two companies to collaborate on a greater number of
technology development projects simultaneously.
'Over the past two years, Guardian has evaluated and validated Intermolecular's
team and HPC technology platform,' said Scott Thomsen, President of Guardian's
Flat Glass Group. 'Our programs with Intermolecular in both sputtered and
liquid coatings are succeeding as expected, rapidly generating differentiated
intellectual property that will result in superior products coming to market in
the coming months and years. In fact, Intermolecular's approach to accelerated
R&D led to a greater internal demand to work together. The team at
Intermolecular is both responsive and capable, and HPC technology delivers as
advertised. We look forward to an ongoing relationship with Intermolecular.'
Craig Hunter, senior vice president and general manager of Intermolecular's
clean energy group, commented, 'Guardian is a fantastic partner. Their openness
to our collaborative R&D model coupled with their commercial aggressiveness and
world-class technical team creates a situation where everyone is focused with
urgency on the same goal - getting better products to market as quickly as
possible. Extending and broadening the collaboration with Guardian after
working so closely together over the past two years represents tremendous
validation of the value proposition we offer to our industrial partners. It is
a privilege to be working so closely with a global technology leader as we
jointly develop products that can have such a positive effect on daily life.'
Intermolecular's mission is to improve R&D efficiency in the semiconductor and
clean-energy industries through collaborations that utilize its HPC platform,
which allows R&D experimentation to be performed at speeds up to 100 times
faster than traditional methods.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the
current opinions and estimates of management. Although the forward-looking
statements are based upon information available at the time and reflect
management's good faith beliefs, forward-looking statements inherently involve
known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to differ materially from anticipated
future results. Important factors that could cause actual results to differ
materially from expectations are disclosed in our filings with the Securities
and Exchange Commission, particularly in the sections titled 'Risk Factors' and
'Management's Discussion and Analysis of Financial Condition and Results of
Operations' in the company's most recent reports. You should not place undue
reliance on these forward-looking statements, which speak only as of the date
hereof. Intermolecular disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.
About Guardian Industries Corp.
Guardian is a diversified global manufacturing company headquartered in Auburn
Hills, Michigan, with leading positions in float glass, fabricated glass
products, fiberglass insulation and other building materials for commercial,
residential and automotive applications. Through its Science&Technology
Center, Guardian is at the forefront of innovation, including development of
high-performance glass coatings and other advanced products. Guardian, its
subsidiaries and affiliates employ 18,000 people and operate facilities
throughout North America, Europe, South America, Asia, Africa and the Middle
East. Visit www.guardian.com.
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 our proprietary High
Productivity Combinatorial (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' and 'Tempus' are
trademarks 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
CONTACT: Intermolecular Press Contact
Ed Korczynski, Intermolecular
Marketing Communications Director
edk(at)intermolecular.com
+1.408.582.5629
Intermolecular Investor Relations Contact
Gary Hsueh, Intermolecular
Sr. Director of Corporate Development and Investor Relations
gary.hsueh(at)intermolecular.com
+1.408.582.5635
Guardian Industries Contact
Amy Hennes
ahennes(at)guardian.com
+1-248-340-2109
News Source: NASDAQ OMX
06.02.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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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Datum: 06.02.2012 - 14:25 Uhr
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