Everspin Ramping Production of ST-MRAM with New Customers and Ecosystem Partners

Everspin Further Fuels Unprecedented MRAM Growth with New Customer-Facing Additions to the Everspin Leadership Team

CHANDLER, Ariz. — (BUSINESS WIRE) — August 5, 2014 — Everspin Technologies, Inc., the world's leading developer and manufacturer of MRAM worldwide, today disclosed several new customer and ecosystem relationships as it ramps production with the world’s first commercially-available Spin Torque MRAM (ST-MRAM). Everspin will be at the Flash Memory Summit in Santa Clara from Aug 5-7, showcasing solutions based on its ST-MRAM with FPGA leader Altera (Booth #320), leading memory module supplier SMART Modular Technologies (Booth #222), memory solutions provider Mobiveil (Booth #721), and Enterprise Non-Volatile Memory Express NVMe Storage Solutions leader Mangstor.

“As Everspin ramps production of ST-MRAM, our top priority has been to enable every valuable aspect of the MRAM Ecosystem, thereby streamlining ST-MRAM as a ‘full-solution’ with immediate benefits to new customers,” said Phill LoPresti, President and CEO of Everspin. “The result is that ST-MRAM enables innovative developers like Mangstor become leading suppliers of high performance NVMe Solid State Storage Solutions.”

In concert with these announcements, Everspin also announced two key additions to the customer-facing leadership team to support the company’s unprecedented growth of MRAM in the memory and storage markets.

Angelo Ugge joins Everspin as Vice President of Business Development. Most recently, Angelo ran Eviteck Consulting LLC, a Marketing and Business Development Consulting firm in Europe focused in helping small/ medium size technology companies to develop to their fullest potential. Prior to Eviteck, Angelo held the CEO position at Bridgeco of Zurich, Switzerland, MemsOptical of Huntsville, Alabama, and was Vice President and General Manager of ST Microelectronics in Carrollton, Texas.

Scott Emley joins Everspin as Vice President of Marketing from SMART Modular Technologies where he was Vice President and General Manager of the Integrated Memory Solutions group. Prior to SMART, Scott led marketing for Ramtron International Corporation, as well as leadership, marketing, and business development positions at Texas Instruments, Luminary Micro, Intel Corporation, Marvell Technology Group, and Freescale Semiconductor.

“Angelo and Scott bring extensive experience in defining, developing, and launching successful customer solutions in a vast array of industries,” continued Phill. “We’ve established a solid and rapidly growing revenue base: Everspin is shipping tens of millions of units annually and anticipating revenue growth of over 73% CAGR through 2016. Angelo and Scott add a dimension to our team that will allow Everspin to meet the market’s growing need for ST-MRAM.”

About Everspin Technologies

Everspin Technologies is the leading developer and manufacturer of magnetic RAM (MRAM), offering stand-alone and embedded Toggle and Spin-Torque MRAM products. As the world's first volume MRAM supplier, Everspin has established itself as “The MRAM Company” with an intellectual property portfolio of more than 600 active patents and applications, many of which are fundamental and essential for MRAM technologies. Today Everspin delivers MRAM products to broad applications in the data center and storage, energy and infrastructure, and automotive and transportation markets.



Contact:

Story Public Relations for Everspin
Michael Schoolnik, 415-674-3816
Email Contact




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