[By NBC-1TV H. J Yook]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 (HPCTM) 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.”