Simtek Corporation Focuses Efforts on Expanding Intellectual Property Assets
January 10 2008 - 6:19AM
Business Wire
Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and
world�s leading supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today highlighted its expanded focus
on research and development (R&D) by announcing its submission
of 27 new patent applications over the last 24 months, including a
record 15 applications in 2007. Simtek, long known for its
proprietary positions in nvSRAM, the architecture that combines
fast SRAM and non-volatile elements in every memory cell, has
focused its R&D dollars towards solidifying its intellectual
property in nvSRAM as well as other emerging nvRAM architectures
and structures. "Simtek has enjoyed both solid revenue growth and
increasing product margins over the last several years," said Ron
Sartore, Simtek's Executive Vice President responsible for R&D
investments and building the company's patent portfolio. "We have
funneled much of those proceeds in developing new technologies we
believe will drive rapid growth and profitability. As such, we
continue to seek patent protection for our intellectual
properties." "We are the original supplier of integrated memory
solutions with our patented nvSRAM," added Harold Blomquist,
Simtek�s CEO. "We keep our engineering investments focused on
enhancing our basic integrated memory value proposition.
Fortunately, we see many natural ways to grow our business and
expand our IP. We plan to focus our resources on this area as an
integral part of our long range plan." 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: information@simtek.com. 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.
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