SMTK SmartKem Inc

Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and world�s leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced that the Company was added to the Russell Microcap� Index when Russell Investment Group reconstituted its family of U.S. indexes on June 22, 2007. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective market-capitalization rankings and style attributes. �Inclusion in the Microcap reflects our strong financial position and our growing recognition in the investment community,� said Harold Blomquist, president and chief executive officer. �We�re proud of the company�s accomplishments over the past year, and look forward to this added exposure as we continue to execute against our business plan.� Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to them. The official membership list can be found on www.russell.com. About Simtek Corporation Simtek Corporation designs and markets high-speed, re-programmable, 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: information@simtek.com. The company is headquartered in Colorado Springs, Colorado. About Russell: Russell Investment Group aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $200 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world�s best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life Insurance Company. Headquartered in Tacoma, Wash., U.S., Russell has principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Singapore, Sydney, Tokyo and Toronto. Russell�s indexes are unmanaged and cannot be invested in directly. For more information on Russell indexes, go to www.russell.com.