Press Archive for 2017

Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the company’s third quarter 2017 financial results for the quarter ended September 30, 2017.

Revenue for the third quarter of 2017 was a record $9.0 million, compared to $7.2 million for the third quarter of 2016. Everspin's GAAP net loss for the third quarter of 2017 was $5.4 million, or ($0.43) per share based on 12.6 million weighted-average shares outstanding, compared to a GAAP net loss of $1.4 million, or ($0.54) per share for the third quarter of 2016 based on 2.7 million weighted-average shares outstanding.

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Chandler, AZ, November 13, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced the appointment of Norm Armour as Vice President of Operations, responsible for  managing Everspin’s captive and partner fab operations, equipment manufacturer partnerships and global operations. Angelo Ugge, who previously served as Vice President of Operations and Business Development, will devote his full attention to his role as Vice President of Business Development, the position that he was initially hired into. Both Amour and Ugge will report directly to Kevin Conley, Everspin’s President and CEO.

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Chandler, AZ, November 13, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), is demonstrating an industry-transforming technology at this year’s Supercomputing 17, November 13-16 at the Colorado Convention Center. Supercomputing 17 is the leading worldwide high-performance computing event and Everspin Technologies, in conjunction with SMART Modular Technologies, will be demonstrating how the SMART Modular storage accelerator can drive up to a 9X improvement in lossless transaction logging over enterprise SSDs. Industries governed by regulations that demand immediate logging, such as the financial services industry, can see significant application performance increases as a result of the low latency that Everspin’s nvNITRO™ technology delivers.

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Chandler, AZ, November 2, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), today announced that it will report results for its fiscal third quarter 2017 after the market closes  on Monday, November 13, 2017. Following the issuance of the company’s financial results press release, interested parties can listen to a live webcast of the company's  conference call which will start at 4:30 p.m. Eastern Time by visiting the Investor Relations section of Everspin’s website. 

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CHANDLER, Ariz., Aug. 23, 2017 -- Everspin Technologies, Inc. (Nasdaq: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM), today announced it had named Kevin Conley as its President and Chief Executive Officer effective Sept. 1. Conley succeeds Phill LoPresti as the company moves aggressively to capitalize on Storage Class Memory opportunities with its MRAM technology leadership.

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Chandler, AZ, August 10, 2017— Everspin Technologies, Inc. (Nasdaq:MRAM), the world's leading developer and manufacturer of discrete and embedded Magnetoresistive Random Access Memory (MRAM), today announced the company’s second quarter 2017 financial results for the quarter ended June 30, 2017.

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Chandler, AZ, August 7, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), the leading provider of MRAM solutions, today announced the production release of its nvNITRO™ line of storage accelerators, designed to deliver extremely fast read and write times with ultra-low latency. Everspin is launching the initial nvNITRO accelerators with 1GB and 2GB capacities, based on 256Mb DDR3 ST-MRAM.  The storage accelerators are orderable today, and will ship in Q417.  The nvNITRO accelerators operate up to 1.5 million IOPS with 6μs end-to-end latency. Everspin is delivering a half-height, half-length (HHHL) PCIe card as well as U.2 form factors; both support NVMe and memory mapped IO (MMIO) access modes.

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Chandler, AZ, August 7, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), has begun sampling its new 1-Gigabit Spin Torque Magnetoresistive Random Access Memory (ST-MRAM) with lead customers. This breakthrough product delivers a high-endurance, persistent memory with a DDR4- compatible interface. These features enable storage system vendors to enhance the reliability and performance of storage devices and systems by delivering protection against power loss without the use of supercapacitors or batteries. Enterprise SSD designers can take advantage of fast persistent memory that is inherently power fail-safe while also reducing write amplification and overprovisioning, common limitations for NAND Flash based SSDs. 

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Chandler, AZ, August 7, 2017 — Everspin Technologies, Inc. (NASDAQ: MRAM), will be demonstrating significant new technologies at this year’s Flash Memory Summit, August 8-10^th at the Santa Clara Convention Center. At this leading event for flash memory technology, Everspin will be launching the new nvNITRO™ Storage Accelerator based on its patented ST-MRAM technology while also demonstrating new industry firsts that far surpass the current capabilities of products in the flash memory market. 

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Chandler, AZ, July 25, 2017— Everspin Technologies, Inc., (Nasdaq:MRAM), the world's leading developer and manufacturer of discrete and embedded Magnetoresistive Random Access Memory (MRAM), today announced that the company will release its second quarter 2017 financial results for the quarter ending June 30, 2017 before the market opens on August 10. Everspin will also host a conference call before participating in the37^th Annual Canaccord Genuity Growth Conference on the same day. 

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