Dr. Boaz Eitan, Chief Executive Officer of Saifun Semiconductors Presents Quad NROM(R) at IEDM
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Dr. Boaz Eitan, Chief Executive Officer of Saifun Semiconductors Presents Quad NROM(R) at IEDM

Quad NROM is the First Flash Technology to Store Four-Bits of Information in a Single Memory Cell

NETANYA, Israel, December 6 /PRNewswire-FirstCall/ -- Dr. Boaz Eitan, chief executive officer of Saifun Semiconductors, a leading provider of Non-Volatile Memory (NVM) technology, is presenting Saifun Quad NROM(R) at the 2005 IEEE International Electron Devices Meeting being held in Washington DC, December 5-7 2005.

Quad NROM is the first flash technology that can store four bits per cell. This breakthrough in existing NVM technology doubles the storage capacity of conventional memory cells and provides a simpler architecture that requires fewer manufacturing steps and reduces manufacturing costs. Saifun Quad NROM (4-bit per cell) allows Saifun licensees to lead the NVM market by bringing more cost-effective products to market while achieving compatible reliability and performance to the multi-level cell (MLC) Flash (2-bit per cell) products that are available on the market today.

Quad NROM is the next generation of the Saifun NROM, which was introduced to the market in 1998. Saifun NROM revolutionized the NVM market by enabling storage of two bits of information in a single memory cell. Since then, some of the world's leading flash manufacturers have licensed the technology for a wide range of NVM applications including stand-alone and embedded flash memory for the telecommunications, consumer electronics, networking and automotive markets.

"The introduction of Quad NROM comes at a time when data storage for mobile applications has emerged as the main driver for the semiconductor industry. With roughly a third smaller silicon area per bit, a third less process steps, and high scaling potential, the technology has the capability to challenge the Floating Gate technology both on the short and long run," said Alan Niebel, chief executive officer of Web-Feet Research, Inc.

"Quad NROM is another milestone for Saifun as it expands its expertise in the NVM market," said Dr. Boaz Eitan, chief executive officer of Saifun Semiconductors. "Quad NROM is more advanced than any other flash storage technology available today. Addressing all major segments of the NVM market, Saifun Quad NROM technology will enable our partners to enter and lead new market segments. We believe our licensees will truly appreciate the new performance level of Quad NROM, and we are thrilled to be the driving force behind the evolution of NVM technology."

The simplicity of Quad NROM technology - from design through manufacturing - eliminates 40 percent of the most difficult fab processes, thereby increasing yield, quality and manufacturing throughput. These advantages are accentuated in the manufacture of multi-chip products where failure in any die means the entire device must be scrapped, allowing the manufacturing process of NROM-based products to be simpler and more efficient.

Dr. Boaz Eitan's presentation at the IEDM will be available on the Saifun website.

About Saifun Semiconductors Ltd.

Saifun is a provider of intellectual property (IP) solutions for the non-volatile memory (NVM) market. The company's innovative Saifun NROM(R) technology allows semiconductor manufacturers to deliver high performance, reliable products at a lower cost per megabit, with greater storage capacity, using a single process for all NVM applications. Saifun licenses its IP to semiconductor manufacturers who use this technology to develop and manufacture a variety of stand-alone and embedded NVM products. These include Flash memory for the telecommunications, consumer electronic, networking and automotive markets. Among the companies licensing Saifun NROM are Infineon Technologies, Macronix International, Sony Corporation, Spansion, and Tower Semiconductors. For more information please check out our website: www.saifun.com

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in the Company's final prospectus filed on November 9, 2005 with the U.S. Securities and Exchange Commission in connection with the company's initial public offering. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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