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 Hakuto Co., Ltd. will distribute the full line of Simtek products in Japan. Hakuto, founded in 1953 and headquartered in Japan, is a recognized leader in importing and distributing cutting-edge technology through its domestic and overseas branches in Asia. Hakuto imports products for over 200 manufacturers worldwide to their expansive network of OEM resellers and provides complete local support. �Increasing our network of distributors is essential as we expand our position in the Japanese market,� said Harold Blomquist, Simtek President and CEO. �Hakuto has a long, successful history in representing and distributing high-technology products through their close knit OEM relationships. We look forward to a mutually beneficial relationship as we work together to further capitalize on Japan�s strong technology market.� �We are very proud to partner with SIMTEK to represent their exciting products in the Japanese market," said Hiroshi Asai, President of Hakuto. "We are confident that the advanced non-volatile SRAM solutions offered by Simtek will be of great interest to Japanese manufacturers developing next-generation consumer electronics products." 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, industrial automation, GPS navigational systems, robotics, medical instrumentation, and networking and telecommunications equipment. Information on Simtek products can be obtained from its website: www.simtek.com; email: information@simtek.com. The Company is headquartered in Colorado Springs, Colorado. About Hakuto Hakuto is a full-service distributor for over 200 high-tech electronics principals from around the world. The products it handles include a wide variety of semiconductors, vacuum equipment, FPD and MCM manufacturing equipment, photomask production equipment, disk storage component manufacturing equipment, and a wide variety of other products. Hakuto�s other activity is manufacturing of chemicals, electronics equipment and components. Through its Chemical Division, and its domestic and overseas affiliates and subsidiaries, Hakuto manufactures and supplies a wide range of products such as specialty industrial chemicals, FPD and PCB manufacturing equipment and electronic components. Through its ties with its overseas subsidiaries, Hakuto is able to provide technical training and guidance to its colleagues in Asia and the U.S., and follow its traditional Japanese customers to their overseas production sites. Further information is available on the company's website, www.hakuto.co.jp/. 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.