K2 Energy provided critical funding to Atomera, Inc. during its R & D development phase while they developed patentable technology for the silicon chip industry with energy saving and performance attributes. This funding converted into a significant interest in a NASDAQ listed corporation, being Atomera, Inc.
Detailed below is an extract of a recent announcement made by Atomera on 5th January 2021.
"Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, announced in early January 2021 it had entered into a Joint Development Agreement (JDA) with a leading semiconductor provider for integration of Atomera's Mears Silicon Technology (MST) into their silicon fabrication process. The JDA includes a manufacturing license allowing the customer to fabricate semiconductor wafers incorporating MST for use in their products. Atomera's MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today's electronics.
"Atomera is thrilled to join with an industry leader that has a strong record of technology innovation to extend Moore's Law," said Scott Bibaud, president and CEO, Atomera. "During this JDA, we will work together to prove the technical and economic advantage of adopting MST across multiple process technologies and business units within our partner company. This agreement aligns well with our long-standing mission to collaborate with leaders in the industry to extend the life of existing manufacturing processes and accelerate adoption of new technologies, through development of our cutting-edge materials."
“This latest agreement is part of Atomera's effort to develop deeper and more strategic relationships with selected customers through JDAs - an agreement format that is well suited to large customers who have multiple production nodes, process technologies and product divisions, ultimately leading to deeper customer penetration, faster integration, and quicker adoption across product lines. The agreement will generate revenue for Atomera this year.”"
Further details are available at www.atomera.com
Atomera’s share price as at end of January 2021 was approximately USD30 per share, which valued K2 Energy’s shareholding in Atomera at approximately AUD20 million.