Intermolecular, First Solar amend collaborative development program

theflyonthewall.com

In a regulatory filing, Intermolecular (IMI) said; "On December 30, we agreed to amend the collaborative development program, CDP, agreement that we had entered into with First Solar (FSLR) in December 2012 to improve the efficiency of First Solar's CdTe photo-voltaic cell based solar panels. Prior to this amendment, the CDP agreement was amended in February 2013 and in April 2013. This amendment will be effective as of December 31, and as amended, in the period of development activities under the CDP from January 1, 2014 through November 30, 2014, our obligation to supply full-time employees or contractors dedicated to supporting the development activities under the CDP has been reduced in exchange for reduced fees in 2014. The parties have also agreed to modify the structure of the royalties owed by First Solar. First Solar has agreed to pay us volume-based royalties on CDP intellectual property used in First Solar’s CdTe solar panels."

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