News Stories and Press Releases
January 22, 2024
Everspin Rings the Closing Bell at NASDAQ on January 18th
The ceremony was at 4:00 p.m. Eastern Time from the Nasdaq MarketSite Tower in New York City, New York and can be viewed at: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
In his remarks, Sanjeev Aggarwal, Everspin’s President and Chief Executive Officer, stated, “Thanks to our customers for believing in us, there is a lot more to come from Everspin.”
October 17, 2023
Everspin Announces Expansion of Industrial STT-MRAM Devices
Everspin Technologies announced today that it is expanding its flagship industrial, high-density STT-MRAM product family, the EMxxLX. The EMxxLX product, announced last year, is the highest-performing persistent memory available today. The product family is now equipped with a new 4Mb Capacity point , Smaller Footprint Package, and Extended Industrial Temperature Range of 105⁰C. Sanjeev Aggarwal, president, and CEO of Everspin Technologies, emphasized: "We are proud to announce the expansion of our EMxxLX MRAM product line, now featuring not only SRAM-like performance with low latency and the ability to maintain memory without requiring power but also an extended temperature range to cater to diverse environmental demands. With the addition of a 4Mb capacity option, our MRAM devices provide even more options to select the optimal density solutions. They continue to deliver extremely high endurance, remain compatible with other memory types, and offer ease of integration into customers’ designs."
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August 24, 2023
Everspin Technologies to Participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30
Chandler, AZ - August 24, 2023 - Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced Sanjeev Aggarwal, President and CEO, and Anuj Aggarwal, CFO, will participate in the Jefferies Semiconductors, IT Hardware & Communications Infrastructure Summit on August 29-30. This event is by invitation, please contact Jefferies directly for those who are interested in meeting with Everspin management.
May 8, 2023
The Advantages of using MRAM with FPGA’s, a perspective from Sanjeev Aggarwal, President and CEO of Everspin Technologies
Field-programmable gate arrays (FGPAs) are finding their way into many different applications as 5G technology, and other LPWAN connectivity solutions roll out. Automotive, IoT operations, and 5G edge applications are implementing FPGA chips due to their fast time-to-market and their ability to be reprogrammed. In many cases, the FPGA is installed in applications where frequent system updates are needed. Often these bitstream updates are made over the air (OTA. An FPGA with a magnetoresistive random-access memory (MRAM) can simplify the software associated with the management process of updating new bitstreams into memory. System designers can take advantage of MRAM’s faster write capabilities which can lead to lower energy usage. New MRAM developments are underway to combine the unique benefits of MRAM and FPGA.
January 9, 2023
Everspin Technologies to Participate in the 25th Annual Needham Growth Conference
CHANDLER, Ariz. -- (BUSINESS WIRE) -- Jan. 9, 2023 - Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, today announced Sanjeev Aggarwal, President and CEO, and Anuj Aggarwal, CFO, will participate in the 25 th Annual Needham Growth Conference at the Lotte NY Palace Hotel in New York City on January 10-12, 2023. Portfolio managers and analysts who would like to request a meeting with management should contact a representative of Everspin Technologies.
November 2, 2022
Everspin Announces Commercial Availability of Its EMxxLX STT-MRAM Devices
STT-MRAM is the only memory device offering density up to 64Mb, octal interface with 400MB/s bandwidth, and compatibility with the xSPI standard
CHANDLER, Ariz. November 2, 2022 – Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced today that its newest, high-density STT-MRAM product family, the EMxxLX, is now commercially available. The EMxxLX technology, announced earlier this year, is the highest-performing persistent memory available today. It is ideal for use in electronic systems where data persistence and integrity, low power, low latency, and security are paramount, such as industrial IoT, network/enterprise infrastructure, process automation and control, aeronautics/avionics, medical, gaming, and FPGA configurations.
November 1, 2022
Everspin Technologies Joins the Global Semiconductor Alliance
San Jose, Calif. (November 1, 2022) - Everspin Technologies, Inc. is pleased to announce that they have become a member of Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry.
“We are excited to become a member of GSA and look forward to collaborating with industry leaders to support our mutual missions of growth and innovation.” said Sanjeev Aggarwal, President and CEO, Everspin Technologies Inc., “Innovation has been the driver of our successful commercialization of MRAM technology, and we believe that by working with GSA we will foster even broader adoption.”
May 5, 2022
MRAM-info - Everspin Launches a new family of SPI interface MRAM Products
Everspin says that the new EMxxLX family offers the world's highest performance persistent memory with full read and write bandwidth of 400 Megabytes per second through the new JEDEC expanded Serial Peripheral Interface (xSPI) standard interface.
March 2, 2022
Everspin Announces Appointment of New President and CEO
Everspin announced the appointment of Sanjeev Aggarwal as Everspin’s President and Chief Executive Officer (CEO), effective March 14, 2022. Effective on such date, Darin Billerbeck, Everspin’s Executive Chairman of the Board and Interim CEO will resign as Interim CEO and will continue to serve as Executive Chairman of the Board. Mr. Aggarwal is also being elected as a member of Everspin’s board of directors, effective March 14, 2022.
November 11, 2021
Everspin Reports Unaudited Third Quarter 2021 Financial Results
Everspin announced preliminary unaudited financial results for the third fiscal quarter of 2021.
Third Quarter 2021 Highlights
- Q3’21 revenue increased 25% and $2.9 million from $11.9 million in the prior quarter to $14.8 million. This is an increase of 46.5% compared to $10.1 million of revenue in Q3’20.
- The Company reported record net income of $880k for Q3’21, resulting in year-to-date net income for FY2021 of $676k. This is compared to a net loss reported of $3.9 million for Q3’20, with a prior year-to-date net loss of $6.9 million for the nine months ended September 30, 2020.
- Ended Q3’21 with cash and equivalents of $14.6 million; which is an increase from $14.2 million reported in the prior quarter.