Applied Materials : Aventa Technologies Receives Strategic Investment from Applied Ventures to Support High Temperature

  Applied Materials : Aventa Technologies Receives Strategic Investment from
    Applied Ventures to Support High Temperature Superconductor Technology

DANVERS, MA, December 21, 2012 - Aventa Technologies, Inc., a provider of
manufacturing equipment for emerging alternative energy markets such as
high-temperature superconductors (HTS), announced today that Applied Ventures,
LLC, the venture capital arm of Applied Materials, Inc., has made a strategic
investment in its series A financing. The investment will be used to support
its operation to commercialize the equipment the HTS industry needs to meet
growing global demand.

HTS technology promises to significantly improve power distribution by
enabling the lossless transmission of electrical power over long distances.
Several applications of HTS wires are expected to move from demonstration to
large-scale projects in the near future. As old grid infrastructures get
upgraded with more advanced technologies to increase efficiency, substantial
adoption of superconducting fault current limiters and HTS cables is expected.
For example, China plans to spend $530B in this decade to build a strong and
smart grid, according to the China Greentech Initiative.

Aventa Technologies offers a comprehensive set of systems for manufacturing
advanced HTS wires. The company's advanced vacuum deposition tools can
accelerate the adoption of HTS solutions by increasing the productivity of HTS
wire manufacturing.

"Applied Materials' core expertise will greatly benefit us as we scale our
technology which is key to the cost-effective, high-volume manufacture of HTS
wire," said Piero Sferlazzo, president and CEO of Aventa Technologies. "This
financing provides us with the capital to strengthen our product line and
scale manufacturing capabilities to meet our customers' requirements."

"We are excited about Aventa's progress in developing critical manufacturing
technology for this emerging alternative energy sector," said J. Christopher
Moran, corporate vice president and general manager of Applied Ventures. "HTS
technology has tremendous potential, and we are pleased that this investment
will be used to make advanced grid solutions more affordable."

About Aventa Technologies
Aventa Technologies is a manufacturer of thin film deposition equipment for
alternative energy markets, specializing in highly customized advanced vacuum
deposition tools. For more information, visit www.aventatech.com.

About Applied Ventures
Applied Ventures, LLC, a subsidiary of Applied Materials, Inc., invests in
early stage technology companies with high growth potential that provide a
window on technologies that advance or complement Applied Materials' core
expertise. Applied Ventures' investments help develop technologies and markets
that provide natural extensions of Applied Materials' businesses and can
stimulate the growth of applications for its products and services. Applied
Materials, Inc. is the global leader in providing innovative equipment,
services and software to enable the manufacture of advanced semiconductor,
flat panel display and solar photovoltaic products. Learn more at
www.appliedventures.com.

# # #

Contact:
Connie Duncan (editorial/media) 408.563.6209
Michael Sullivan (financial community) 408.986.7977

Photo: Aventa Technologies system for manufacturing HTS wires 1/2
Photo: Aventa Technologies system for manufacturing HTS wires 2/2

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Applied Materials via Thomson Reuters ONE
HUG#1667219
 
Press spacebar to pause and continue. Press esc to stop.