Simtek Expands Korean Distribution Capabilities Through Agreement with ProGate Technology
August 01 2007 - 5:30AM
Business Wire
Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and
world�s leading supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today announced an agreement with
ProGate Technology to distribute the full line of Simtek products
in Korea. ProGate Technology, headquartered in Seongnam, Korea, was
established in 2001 as a leading provider of innovative and
value-added solutions for the electronics industry in Korea. �Korea
is a key design center in Asia and we are pleased to expand our
distribution through ProGate to further capitalize on the large and
growing Korean OEMs,� said Harold Blomquist, Simtek president and
CEO. �We continue to see strong momentum in our sales across Asia,
and feel that ProGate�s strong reputation and capability in Korea
will assist us in our ongoing efforts to expand Simtek�s global
footprint.� �It is�our delight to work with Simtek to distribute
their products throughout Korea. Simtek products provide the
reliability and performance that our customers� solutions require,�
said S.C. Kim, CEO of ProGate Technology. �Simtek�s nvSRAM
technology complements our portfolio of products and we look
forward to assisting them to further expand their distribution in
the Korean marketplace.� 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 ProGate Technology ProGate Technology is
providing leading semiconductor technology & intellectual
properties for both technology-driven and volume-driven markets in
Korea. With profound knowledge of high end markets, ProGate focuses
on TV, LCD/PDP Panel, Telecommunication, Cellular & Handheld
applications. Information on ProGate Technology can be obtained
from: www.progate.co.kr; email: support@progate.co.kr. The company
is located in Bundang, Seongnam-City, Kyungki-Do, Korea.
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.
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