Intermolecular Hires Craig Hunter As Vice President and General Manager, Solar and Energy Technologies

March 5, 2009

Former General Manager of Applied Materials’ SunFab To Oversee Expansion of High-Productivity Combinatorial Technology Application

SAN JOSE, Calif. — Mar. 3, 2009 — Intermolecular, Inc. today announced that Craig Hunter has joined the company as vice president and general manager, solar and energy technologies. Hunter joins Intermolecular from Sequoia Capital, a leading venture capital firm, where he was an entrepreneur in residence focused on the photovoltaic (PV) industry.

Hunter previously founded and then served as general manager of the Thin Film Solar business at Applied Materials, Inc. He was instrumental in formulating the strategy for Applied Materials’ SunFab Thin Film Line, leading that initiative from its conception through product development to manufacturing first-article solar panels. SunFab is an end-to-end turnkey factory that produces the world’s largest solar panels; the product generated in excess of $2 billion of announced orders during Hunter’s leadership, making it among the most successful product launches in Applied Materials’ history.

“Craig Hunter brings unique expertise and hands-on business experience in solar PV to Intermolecular at the moment when this industry can most effectively capitalize on the R&D efficiencies enabled by our High-Productivity Combinatorial™ (HPC) technology products and services,” said David Lazovsky, Intermolecular’s chief executive officer. “Hiring Craig for this new position underscores our commitment to redefine R&D for the solar industry, as we are doing in the semiconductor industry for electronic materials companies, equipment manufacturers and IC makers.”

The solar energy sector represents a strategic growth opportunity for Intermolecular. During the 2009 SEMI Industry Strategy Symposium (ISS) in January, Crosslink Capital predicted a 53 percent CAGR from 2008-2012. New materials innovation and discovery remain a key driver for advancements in energy conversion efficiency and cost reduction for solar panels. Intermolecular’s HPC technology provides the industry with an effective way to increase R&D productivity for companies looking to make solar power a more viable energy alternative.

“Solar energy is going to be a major source of clean, renewable power,” said Hunter. “But in today’s environment, the sense of urgency surrounding cost reduction is greater than ever. Intermolecular’s HPC technology offers an order of magnitude improvement in R&D productivity compared to approaches currently used in the PV industry. We believe our customers will be uniquely positioned to lead the industry in driving higher conversion efficiencies and lower production costs.”

Hunter previously worked at AKT, a wholly owned subsidiary of Applied Materials that is a leader in the manufacturing of large area equipment used in TFT-LCD production. At AKT, he served as business development manager, senior manager of strategic marketing and product manager for AKT's electron beam test (EBT) and physical vapor deposition (PVD) systems. Before joining Applied Materials, Hunter served in a variety of senior management roles, including chief financial officer of Evercare Corp., a manufacturer of consumer products, and director of mergers and acquisitions at The Beacon Group in New York. He holds an A.B. degree in East Asian Studies from Harvard and graduated with high distinction from Harvard Business School.

About Intermolecular

Intermolecular, Inc. delivers High Productivity Combinatorial™ (HPC) technology products and services that enable customers to maximize semiconductor R&D ROI. The company’s Tempus™ HPC™ Platform offers chipmakers, materials suppliers and equipment manufacturers integrated processing, characterization and informatics systems that exponentially accelerate learning in materials discovery, process development and IC device integration.

Customers apply Intermolecular’s technologies in their R&D projects through Collaborative Development Programs (CDPs) with Intermolecular’s multidisciplinary team, or through purchase of Tempus systems, or by licensing of IP developed and qualified by Intermolecular. By leveraging HPC technologies to quickly develop, integrate and electrically test multiple alternative solutions, at minimum cost and risk, customers obtain unique IP and time-to-market advantage.

Founded in 2004, Intermolecular is based in San Jose, California. A more detailed description of the Tempus HPC platform and information about customer projects are available here.

Agency Contact

Jason Isberg
Loomis Group
Tel: 415.882.9494, x351
isbergj@loomisgroup.com