The 4 Megabit density offers unparalleled functionality and will enable existing Simtek customers to transition to the new, more advanced solution at very attractive price points. Further, this high performance product line is expected to expand the available target markets for this technology.
"We are pleased to be entering the final stages of our 4 megabit nvSRAM product which represents a major milestone for Simtek," said Harold A. Blomquist, Simtek's president and chief executive officer. "Together with Cypress, we have worked extensively to design and debug the 4 megabit design, and we have validated in silicon more than 80% of the functionality of this device in four versions of test chips."
Simtek is working closely with beta customers now and is seeing a high level of interest in the technology. Completion of production ready devices is anticipated by year-end. This is a result of a multi-year strategic partnership with Cypress to expand Simtek's nvSRAM product family utilizing Cypress's superior SONOS manufacturing capability.
About Simtek Corporation
Simtek Corporation designs and markets high-speed nonvolatile semiconductor memory products, for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: Email Contact. The company is headquartered in Colorado Springs, Colorado.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.
Web site: http://www.simtek.com/