QUARTON PARTNERS ADVISES OVONYX IN ITS SALE TO MICRON.

EngergyConversion Ovonyx Micron 2012 en
Overview

Transaction

Energy Conversion Devices, Inc. divested its interest in Ovonyx, Inc. to Micron Technology, Inc. Quarton Partners acted as the exclusive financial advisor to ECD in managing the sale process.

Client

Ovonyx, Inc. was formed with the charter to commercialize its proprietary phase-change semiconductor memory (“PCM”) technology. Ovonyx nonvolatile PCM technology offers faster write and erase speeds, higher cycling endurance, and better scaling performance than conventional Flash memory. Relative to DRAM, PCM eliminates the refresh power by retaining its memory without power. Ovonyx is pursuing commercialization of its array-addressed memory systems through licenses and joint development programs with semiconductor manufacturers. Ovonyx has an extensive intellectual property portfolio consisting of 231 issued and 103 filed patents.

Buyer

Micron Technology, Inc., is a global leader in advanced semiconductor systems. Micron’s broad portfolio of high-performance memory technologies including DRAM, NAND and NOR Flash is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.

Contact

Photo Andre Augier

André A.
Augier

Vice Chairman
Investment Banking, Cowen

+1 248 9884 519
Email

Photo Kurt Haras

Kurt L.
Haras

Managing Director
Mergers & Acquisitions, Cowen

+1 248 9884 527
Email

Headshot Alexander Schroeder

Alexander
Schroeder

Director
Mergers & Acquisitions, Cowen

+1 248 9884 518
Email

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