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Intermolecular Announces Technology Development and IP Licensing Agreement With Micron for Advanced Memory Technologies

Intermolecular Announces Technology Development and IP Licensing Agreement
With Micron for Advanced Memory Technologies

Collaboration Focused on Next Generation Memory

SAN JOSE, Calif., April 17, 2013 (GLOBE NEWSWIRE) -- Intermolecular, Inc.
(Nasdaq:IMI) today announced that it has entered into a multi-year technology
development and IP licensing agreement with Micron Technology, Inc.
(Nasdaq:MU), focused on technology development and related IP for advanced
memory technologies.

The collaboration will involve development activities at Intermolecular's R&D
center in San Jose and will leverage Intermolecular's High Productivity
Combinatorial (HPC^TM) innovation platform. The collaboration is also
anticipated to provide time-to-market improvements for Micron through
acceleration of advanced materials development.

"New materials and device architectures are increasingly needed to meet future
embedded and mobile technology requirements, and partnering with Micron in
this exciting area is a significant milestone for Intermolecular," said Dave
Lazovsky, president and CEO of Intermolecular.

"Micron's global R&D efforts are focused on creating advanced memory
solutions, and we believe development of new materials technology is a key
enabler to many of our future challenges," said Scott DeBoer, Micron's vice
president of research & development. "We look forward to working with
Intermolecular to enhance our novel materials development efforts."

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.

About Intermolecular

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 High
Productivity Combinatorial (HPC™) 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.

CONTACT: Press Contact
         David Moreno
         MCA Public Relations
         dmoreno@mcapr.com
         +1.650.968.8900 x125
        
         Investor Relations Contact
         Gary Hsueh
         Intermolecular, Inc.
         Sr. Director of Corporate Development and Investor Relations
         gary.hsueh@intermolecular.com
         +1.408.582.5635

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