Spin Transfer Technologies Expands Management Team
July 19 2016 - 7:00AM
Business Wire
-- Appointment of Two Senior Executives to
Help Drive Market Entry --
Spin Transfer Technologies, Inc. (STT), a leading developer of
Orthogonal Spin Transfer Magneto-Resistive Random Access Memory
technology (OST-MRAM™), today announced the appointment of two
senior executives: Les Crudele, Senior Vice President, IC Product
Development, and Jeff Lewis, Senior Vice President of Business
Development.
Crudele brings over 40 years of proven leadership and business
management experience to STT, with a lengthy track record of
success in integrated circuit development. Previously, Crudele was
the Vice President and General Manager of Motorola Semiconductor’s
PowerPC RISC Microprocessor Division, and Vice President and
General Manager of Compaq’s Workstation Products Division. Crudele
has held CEO positions at Banderacom, Transmeta, and Azuray
Technologies.
Lewis joins STT with extensive experience in the semiconductor
IP and EDA industries, focused on licensing technologies in the
memory sector. Most recently, Lewis was Senior Vice President of
Business Development and Marketing at SuVolta, where he directed
the company’s customer licensing and market engagement activities,
including the company’s strategic partnership with, and ultimate
acquisition by, Fujitsu. Additional leadership roles include Senior
Vice President of Business Development and Marketing at Innovative
Silicon; President and CEO of CiraNova, an EDA company; and Vice
President positions at FormFactor, Artisan Components, and Compass
Design Automation.
“I am pleased to welcome both Les and Jeff to STT,” said Barry
Hoberman, President and CEO of Spin Transfer Technologies. “STT’s
emergence as a leader in MRAM, one of the most disruptive of the
next-generation memory technologies, is enabled by the breadth and
depth of our world-class team. Both Les and Jeff bring a wealth of
experience and knowledge to the table as we work towards advancing
the commercialization of our MRAM technology and enter the growing
storage, IoT, and mobile markets.”
Spin Transfer Technologies is a subsidiary of Boston-based
Allied Minds (LSE: ALM).
About Spin Transfer TechnologiesSpin Transfer
Technologies, Inc. was established by Allied Minds and New York
University to develop and commercialize its Orthogonal Spin
Transfer Magneto-Resistive Random Access Memory technology,
OST-MRAM™. The technology, invented by Professor Andrew Kent, is a
disruptive innovation in the field of spin-transfer-based MRAM
devices, enabling faster switching times, lower power operation,
lower manufactured device cost, and scalability to smaller
lithographic dimensions. For more information,
visit www.spintransfer.com.
About Allied MindsAllied Minds is a diversified holding
company focused on venture creation within the life science and
technology sectors. With unparalleled access to hundreds of
university and federal labs across the U.S., Allied Minds forms,
funds, and operates a portfolio of companies to generate long-term
value for its investors and stakeholders. Based in Boston, with a
nationwide presence in Los Angeles and New York, Allied Minds
supports its businesses with capital, central management, and
shared services. For more information, please visit
www.alliedminds.com.
Allied Minds Forward-Looking StatementThis press release
contains statements that are or may be forward-looking statements,
including statements that relate to the company’s future prospects,
developments and strategies. The forward-looking statements are
based on current expectations and are subject to known and unknown
risks and uncertainties that could cause actual results,
performance and achievements to differ materially from current
expectations, including, but not limited to, those risk and
uncertainties described in the risk factors included in the
company’s regulatory filings. These forward-looking statements are
based on assumptions regarding the present and future business
strategies of the company and the environment in which it will
operate in the future. Each forward-looking statement speaks only
as at the date of this press release. Except as required by law,
regulatory requirement, the Listing Rules and the Disclosure and
Transparency Rules, neither the company nor any other party intends
to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160719005202/en/
STT Media RelationsKerry
ElliottKerry.elliott@spintransfer.com
Allied Minds (LSE:ALM)
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