COLORADO SPRINGS, Colo.—(BUSINESS WIRE)—February 15, 2008— 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 design of the production version of its flagship 4 and 8 megabit families of nvSRAMs designed in a 130 nanometer SONOS process. The Company released the design to prepare for production on Wednesday, February 13th.
"Achieving this important milestone is the culmination of
extensive process development, product design, debug, and
verification," said Andy Broom, Simtek vice president of Engineering.
"We are confident that we can ship production qualified units to
customers of both our 4 megabit and 8 megabit families from this
"We started beta sampling the 4 megabit last June. To date, we've
had approximately 40 requests for samples and have identified
additional opportunities interested in production samples. Some of our
early customer programs are now nearing completion and are waiting for
production qualified parts to complete system validation and begin
ramping into production," said Grant Hulse, Simtek vice president of
Marketing. "If all goes well over the next few months we could be
ready to deliver fully qualified product to customers as early as the
middle of the year. It's still too early to tell how quickly some of
these programs may ramp into production, however we are excited to be
ready to start volume production in the near future."
The Company plans to qualify both the 4 megabit and 8 megabit
nvSRAMs from this version of the design. Later in the year, the
Company anticipates readying for production the real-time-clock
versions of both devices as well as speed enhanced versions of other
memory densities. Larger memories, added features, and higher speed
versions should enable the Company to serve new markets previously
About Simtek Corporation
Simtek Corporation designs and markets "NV + fast SRAM"
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: firstname.lastname@example.org. 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.