CHANDLER, Ariz.--(BUSINESS WIRE)--Jan. 17, 2018--
Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading
developer and manufacturer of discrete and embedded MRAM, today
announced the Company recorded revenue for its first 40nm 256Mb STT-MRAM
products in the fourth quarter of 2017 and is in the process of ramping
its volume production in 2018. This achievement represents an important
milestone for STT-MRAM as it is the enabling step for bringing the
persistent memory to market.
STT-MRAM is a significant advancement in magnetoresistive random access
memory (MRAM) as the densities of this persistent memory technology open
up new market opportunities beyond where MRAM has been deployed
previously. While there are several companies committed to the MRAM
market today, Everspin has the advantage of being the first to reach a
volume production for STT-MRAM as well as the only company that is
executing on both discrete and embedded MRAM (eMRAM) solutions. The
256Mb STT-MRAM also employs an innovative ST-DDR3 interface, unlocking
performance previously unattainable in legacy MRAM components.
“Our 256Mb STT-MRAM is the first ever perpendicular MTJ STT-MRAM
entering mass production. This is both a testament to the technical
strength of Everspin’s team in design and technology as well as the
joint productization strength provided by the collaboration with
GLOBALFOUNDRIES,” said Kevin Conley, President and CEO of Everspin
Technologies. “This is a bellwether milestone in the evolution of this
disruptive technology and we are very excited about the advantages that
the capacity and performance of this product brings to our customers.”
“GLOBALFOUNDRIES is excited to see the first STT-MRAM from the Everspin
partnership reaching production. The movement of discrete STT-MRAM to
volume production is an important milestone on the way to enabling our
risk production release of 22FDX eMRAM for GLOBALFOUNDRIES' customers
later this year,” said Dave Eggleston, Vice President of Embedded
Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will present
tomorrow at Needham & Company’s 20th Annual Growth
Conference from 12:50 – 1:30PM EST at the Lotte New York Palace Hotel.
Management will be available to meet with investors at the conference.
Copies of any presentation materials will be made available on www.Everspin.com.
About Everspin Technologies
Headquartered in Chandler, Arizona, Everspin Technologies, Inc. is the
worldwide leader in designing, manufacturing, and commercially shipping
discrete and embedded Magnetoresistive RAM (MRAM) into markets and
applications where data persistence, performance, and endurance are
paramount. With over 70 million MRAM products deployed in data center,
cloud storage, energy, industrial, automotive, and transportation
markets, Everspin has built the strongest and fastest growing foundation
of MRAM users in the world. For more information, visit www.everspin.com.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding the development and
production of Everspin’s MRAM solutions are forward-looking statements
that are subject to risks and uncertainties. Risks that could cause
these forward-looking statements not to come true include, but are not
limited to: the risk that unexpected technical difficulties may develop
in the production of these products; and that customers may not perceive
the benefits of Everspin’s MRAM solutions to be as Everspin perceives
them to be.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180117006129/en/
Source: Everspin Technologies, Inc.
Story Public Relations
Group Investor Relations
Leanne K. Sievers, 949-224-3874