SIMTEK CORP (OTC:SRAM)
Industry: Technology
Simtek Corporation (Simtek) provides integrated circuits to the electronics market for use in a variety of systems, such as data storage systems, computers, copiers, factory controllers, electric meters and military systems. The Company subcontracts the majority of its manufacturing requirements. The Company has designed and developed nonvolatile static random access memory (nvSRAM) products. The Company has concentrated on the design and development of the 16, 64, 256-kilobit and one-megabit nvSRAM product families and technologies, distribution channels, and sources of supply, including production at subcontractors. On December 30, 2005, the Company acquired Zentrum Mikroelektronik Dresden AG (ZMD). In January 2006, the Company formed Simtek GMBH in Dresden Germany, as its wholly owned subsidiary. Simtek' s nvSRAM product family consists of nonvolatile memories that combine fast static random access memory and nonvolatile elements within each memory cell on a single chip of silicon. The static random access memory portion of the nvSRAM product is operated in the same manner as most standard static random access memory products. The static random access memory can be written to and read from an unlimited number of times. The nonvolatile elements can be programmed, depending upon device type, by user control or automatically by transferring the static random access memory contents into the nonvolatile element memory. The data stored in the nonvolatile elements can be transferred back into the static random access memory by user control or the data can be transferred automatically. The Company's nvSRAM products have data access speeds of 25, 35 and 45 nanoseconds. The high-speed characteristics of the Company's nvSRAM products allow them to be used in applications with various high performance microprocessors and digital signal processors, such as those manufactured by Intel Corp., Texas Instruments and Freescale. The Company's nvSRAM products can be used to replace static random access memories with lithium batteries and multiple chip solutions, such as static random access memory plus electrically erasable programmable read only memory or flash memory. Simtek's nvSRAM architecture, implemented in its 0.25-micron product family, adds an eight-bit, micro-controller, approximately 20,000 gates of metal-programmable logic and programmable input-output devices. The Company refers to this architecture as value-added memory. It is designed to allow variations of the base line, one-megabit nvSRAM design to be quickly developed for market applications. The Company completed the development and product qualification of the 64-kilobit AutoStoreTM nvSRAM. The AutoStoreTM version automatically detects power loss and transfers the data from the static random access memory cells into the electrically erasable programmable read only memory cells. This device does not require instructions or intervention from the system microprocessor to notify it of the power loss. Commercial and industrial qualification of 256-kilobit nvSRAM was also completed. Qualification of the Company's one-megabit nvSRAM product occurred in September 2005. Simtek qualified its 0.8-micron family of nvSRAM products built from wafers for sales into commercial, industrial and military markets during the year ended December 31, 2005. The Company competes with Maxim, ST Microelectronics and Texas Instruments.
As Of: 10/07 00:00 ET
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