First Solar Extends and Expands Collaboration and Licensing Agreement With Intermolecular

First Solar Extends and Expands Collaboration and Licensing Agreement With
Intermolecular

Program Targets Conversion Efficiency Gains Beyond First Solar's Previously
Announced Roadmap Leveraging Intermolecular's Combinatorial Platform

SAN JOSE, Calif. and TEMPE, Ariz., Jan. 7, 2013 (GLOBE NEWSWIRE) --
Intermolecular, Inc. (Nasdaq:IMI) and First Solar, Inc. (Nasdaq:FSLR) today
announced they have entered into a two-year collaboration and licensing
agreement focused on further increases to the conversion efficiency of First
Solar's cadmium telluride (CdTe) solar cell technology. Under the new
collaborative development program, First Solar and Intermolecular researchers
will work together to develop disruptive new approaches to increasing the
performance of CdTe solar cell technology using Intermolecular's proprietary
High Productivity Combinatorial (HPC™) platform.The program targets
substantial gains in First Solar's module conversion efficiency beyond its
previously announced roadmap.

"We are excited to extend and deepen our collaboration with IMI. The
combinatorial approach to material and processscreening has shown promise to
augment First Solar's already world-leading research and development
capabilities in CdTe solar technology, enabling better performance and faster
time-to-market," said Raffi Garabedian, First Solar's Chief Technology
Officer. "This program targets disruptive advances in our module performance
which will be additive to our current roadmap. We are confident this effort
will bear fruit in the coming years, combining with our other new R&D advances
to extend our leadership in photovoltaic technology and further enhance value
for our power plant customers."

Sandeep Nijhawan, Vice President and General Manager of Intermolecular's Clean
Energy Group, noted, "We are excited to partner with First Solar, a global
leader in thin-film photovoltaic technology and systems. Extending and
expanding the collaboration with First Solar after working closely with them
last year represents tremendous validation of our value proposition. We look
forward to be closely working with First Solar to further increase CdTe solar
cell conversion-efficiency by leveraging our HPC platform and capabilities."

Intermolecular's mission is to improve R&D efficiency in the semiconductor and
clean-energy industries through collaborations that use its HPC platform,
which allows R&D experimentation to be performed at speeds up to 100 times
faster than traditional methods.

Forward-Looking Statements

Statements made in this press release that are not statements of historical
fact are forward-looking statements. Forward-looking statements are subject to
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements in this press release relate, but are not
limited, to the Company's expectations for any incremental revenue related to
the technology that is being leveraged. Forward-looking statements are subject
to risks and uncertainties that could cause actual results to differ
materially from expectations, including but not limited to risks detailed from
time to time under the heading "Risk Factors" in the Company's report on Form
10-K for fiscal year 2011, and its subsequent reports on Form 10-Q for fiscal
year 2012. The Company 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 Intermolecular, Inc.

Intermolecular® 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 its proprietary 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" is a trademark 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

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV)
solar systems which use its advanced thin-film modules. The company's
integrated power plant solutions deliver an economically attractive
alternative to fossil-fuel electricity generation today. From raw material
sourcing through end-of-life module collection and recycling, First Solar's
renewable energy systems protect and enhance the environment. For more
information about First Solar, please visit www.firstsolar.com.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to
the safe harbor provisions of Section 21E of the Securities Exchange Act of
1934. The forward-looking statements in this release do not constitute
guarantees of future performance. Those statements involve a number of factors
that could cause actual results to differ materially, including risks
associated with the company's business involving the company's products, their
development and distribution, economic and competitive factors and the
company's key strategic relationships and other risks detailed in the
company's filings with the Securities and Exchange Commission. First Solar
assumes no obligation to update any forward-looking information contained in
this press release or with respect to the announcements described herein.

CONTACT: Intermolecular
        
         Media
         Ed Korczynski, Intermolecular
         Marketing Communications Director
         edk@intermolecular.com
         +1.408.582.5629
        
         Investors
         Gary Hsueh, Intermolecular
         Sr. Director of Corporate Development and Investor Relations
         gary.hsueh@intermolecular.com
         +1.408.582.5635
        
         First Solar
        
         Media
         Ted Meyer
         ted.meyer@firstsolar.com
         +1 602-427-3318
        
         Investors
         David Brady
         +1 602 414-9315
         dbrady@firstsolar.com
         or
         Ryan Ferguson
         +1 602 414-9315
         rferguson@firstsolar.com

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