Atomera Inc appoints new VP of Marketing and Business Development

Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology company valued at approximately $248 million, announced the appointment of Shawn Thomas as its new Vice President of Marketing and Business Development. The appointment became effective on January 22, 2025, following Mr. Thomas’s initial employment with the company in July 2024. According to InvestingPro data, the company maintains impressive gross profit margins of 79% and holds more cash than debt on its balance sheet.

Prior to joining Atomera, Mr. Thomas held the position of Senior Director at Applied Materials (NASDAQ:AMAT) from 2020 to 2024, where he led the epitaxy business unit. His role focused on advanced node customers, aligning with Atomera’s strategic interests. Before his stint at Applied Materials, Mr. Thomas served as Director of Thermal Processes and SOI R&D at GlobalWafers from 2012 to 2020. His career also includes leadership and engineering roles at ASM and Motorola (NYSE:MSI).

As part of his compensation package, Mr. Thomas will receive a base annual salary of $300,000 and is eligible for an annual performance-based bonus of up to 40% of his base salary. Additionally, upon his initial employment, he was granted options to purchase 166,784 shares of Atomera common stock at an exercise price of $3.50 per share, which vest over four years with a one-year cliff.

His employment terms also include standard health and vacation benefits, and he has entered into an intellectual property assignment and confidentiality agreement typical for the industry.

This executive move reflects Atomera’s ongoing commitment to strengthening its leadership team and expanding its market presence. The information regarding the appointment is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, Atomera Incorporated reported a net loss of $4.6 million for Q3 2024, a decrease compared to the previous year. Despite this, the company remains optimistic about future growth, highlighting advancements in semiconductor technology and ongoing collaborations with industry leaders such as STMicroelectronics. Atomera’s revenues decreased to $22,000 in Q3 2024, with operating expenses totaling $4.8 million. The company’s cash position stood at $17.3 million as of September 30, 2024.

Atomera is actively pursuing funding opportunities under the CHIPS Act and is working on developments in AI-driven power demands and GaN technologies. The company anticipates high-margin royalties from its collaboration with STMicroelectronics on smart power products and has developed a 48-volt SPX technology to improve data center efficiency. Atomera is also in promising negotiations for Joint Development Agreements (JDAs) and licenses in advanced node transistors and memory segments.

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