Everspin is at an exciting point in our history. A 2008 spin-out of Freescale, Everspin has already shipped more than 70 million MRAM chips to over 600 customers base on our Toggle MRAM technology.
We believe our new higher-density Spin Transfer Torque MRAM solutions, including our nvNitro accelerator cards, along with our embedded solutions, can play a key role in reducing the bottlenecks inherent in accessing, managing and storing data as legacy solutions are increasingly being taxed by new applications and increasing network communication speeds.
Over the past several years, Everspin has put in place an infrastructure, we believe, is needed to scale the company and address these emerging challenges. This infrastructure includes an eco-system of controller chip companies and a manufacturing relationship with GLOBALFOUNDRIES. This infrastructure, together with our go-to-market strategy, a design win pipeline, product breadth, and system knowledge provides Everspin with a significant time-to-market advantage over other MRAM competitors.
Everspin’s MRAM solutions offer the persistence of non-volatile memory with the speed and endurance of random access memory (RAM), and enable the protection of mission critical data particularly in the event of power interruption or failure. Everspin’s MRAM solutions allow our customers in the industrial, automotive and transportation, and enterprise storage markets to design high performance, power efficient and reliable systems without the need for bulky batteries or capacitors. For more information, please see our Investor Slide deck.