Atomera Achieves Revenue Milestone Under First Commercial License Agreement

November 14, 2023

LOS GATOS, CA / ACCESSWIRE / November 14, 2023 / Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, today announced it has reached a significant revenue milestone under its first license for commercialization of Mears Silicon Technology^TM (MST^®). By completing the transfer of intellectual property, including the MST film recipe, Atomera has enabled this customer to manufacture MST-enabled wafers in their fab. After process qualification and payment of further license fees, Atomera’s customer will be licensed to sell MST-enabled products, generating ongoing product royalties.

“Our customers’ investment in MST is a validation of our technology and a testament to the large commercial applications of our IP,” said Scott Bibaud, President and CEO. “We are particularly optimistic when MST is installed into another factory, because it opens the door to innovation in our customer’s target technology area as well as in adjacent areas of development. Hands-on experience with MST will naturally expand its adoption, so today’s milestone is particularly gratifying.”

My take –  with the installation of MST in a customer’s facility, ATOM has crossed a significant milestone towards achieving their goals. We are still away from royalty revenue, however there is light at the end of the tunnel, which is getting closer.