Simtek Completes Initial Tape-out of 4 Megabit nvSRAM Product
27 April 2007 - 7:05AM
PR Newswire (US)
COLORADO SPRINGS, Colo., April 26 /PRNewswire-FirstCall/ -- Simtek
Corporation (NASDAQ:SMTK), the inventor, pioneer, and world's
leading supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today announced that it has completed
the initial tape-out of the 4 Megabit Autostore nvSRAM along with
Cypress Semiconductor Corp. It is the first Simtek product to
utilize Cypress's 0.13um SONOS process. 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: http://www.simtek.com/; email: . The company is
headquartered in Colorado Springs, Colorado. Forward-Looking
Statements 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. DATASOURCE: Simtek
Corporation CONTACT: Brian Alleman, CFO of Simtek Corporation, ; or
Marie Dagresto or Todd Kehrli, both of MKR Group, Inc.,
+1-323-468-2300, , for Simtek Corporation Web site:
http://www.simtek.com/
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