Atomera Achieves Revenue Milestone Under First Commercial License Agreement
Portfolio Pulse from Benzinga Newsdesk
Atomera Incorporated (NASDAQ:ATOM) has announced reaching a significant revenue milestone under its first commercial license for Mears Silicon Technology (MST). The company has completed the transfer of intellectual property to a customer, enabling them to manufacture MST-enabled wafers. This step paves the way for the customer to sell MST-enabled products and pay ongoing royalties to Atomera.
November 14, 2023 | 9:34 pm
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Atomera has achieved a revenue milestone with its first commercial license of MST, allowing a customer to manufacture and sell MST-enabled wafers, which will lead to ongoing royalties.
The announcement of reaching a revenue milestone is a positive development for Atomera, indicating progress in commercializing their technology. This is likely to be viewed favorably by investors, as it not only validates the company's technology but also sets the stage for future royalty income. The direct involvement of Atomera's technology in a customer's manufacturing process and the potential for ongoing royalties suggest a positive short-term impact on the stock price.
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