SMTK SmartKem Inc

Former Qualcomm Executive Brings Rich Background in Tactical and Strategic Marketing COLORADO SPRINGS, Colo., Feb. 20 /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 Grant Hulse has been hired as Vice President of Worldwide Marketing. Mr. Hulse joins the company from Qualcomm where was an RF Product Line Manager. Mr. Hulse will report directly to Simtek's President and CEO, Harold Blomquist, and work closely with Allyn Pon, who will continue as a consultant and assist Mr. Hulse in strategic marketing initiatives. He will be based in the San Diego office with Ron Sartore, and will spend time in both the Colorado Springs, CO and Dresden, Germany offices on a regular basis. "We are excited to have Grant on board. He joins us with a rich background in tactical and strategic marketing, as well as product line and business unit management," commented Simtek's President and CEO, Harold Blomquist. "Our new product pipeline is strong and as we begin rolling out these new products and expanding on our intellectual property applications, Grant is the right fit to lead the marketing and strategic business development efforts here at Simtek." Prior to Qualcomm, Hulse was the Director of Product Marketing at RF Magic for 5 years, held various executive roles at AMI Semiconductor for 8 years before that, and started his career at NEC Electronics in various marketing roles. He graduated #1 in his undergraduate class at Brigham Young University, and received a Masters in electrical engineering from Stanford University. 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: 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: Todd Kehrli or Marie Dagresto, both of MKR Group, Inc., +1-323-468-2300, , for Simtek Corporation; or Brian Alleman, CFO of Simtek Corp., Web site: http://www.simtek.com/

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