Everspin Press Releases
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Everspin Accelerates FinTech with nvNITRO Collaboration
A 90% reduction in latency for financial transactions. Financial market compliance rules often require synchronous logging, which adds latency and creates transaction processing bottlenecks. By dramatically reducing this latency with nvNITRO, companies can log transactions faster, increasing their overall transaction volume and ultimately revenue. Because STT-MRAM is a persistent memory, nvNITRO helps ensure that all data logs are protected and companies remain compliant.
“While financial customers have a need for the fastest transaction processing, they can’t ignore regulatory demands. This required logging reduces transaction throughput and directly impacts revenue. nvNITRO’s ultra-low latency, at 6-7μs, places
“The strategic shift in our engagement with SMART Modular Technologies has brought about the focus and collaboration needed to deliver such market changing value,” said
“With over 3 decades of experience in delivering enterprise-grade memory, storage and hybrid solutions to tier-one OEMs worldwide, SMART is well positioned to work with
With the first evaluation cards currently in the hands of customers today, both companies are putting forth a concerted effort towards the financial sector as the benefit of low-latency MRAM solutions are clearly evident to
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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 final stages of development or production of these products; and that customers may not perceive the benefits of Everspin’s MRAM solutions to be as
Everspin Contact:
Michael Schoolnik Story Public Relations 415-674-3816 Michael@storypr.com