“PCM is on the verge of commercial adoption using conventional deposition techniques; however, subsequent generation CVD deposition of phase change materials and delivery processes will further increase scalability and accelerate cost reductions," said Doug Neugold, Chief Executive Officer of ATMI. "By applying our high productivity semiconductor precursor materials development, delivery, and deposition process expertise with Ovonyx's PCM knowledge, we believe that, together, we can accelerate the adoption of CVD phase change material deposition into high volume production."

The agreement includes a certain degree of cross-licensing of patents and technology between the two companies.