News Stories and Press Releases

January 22, 2024

Everspin Rings the Closing Bell at NASDAQ on January 18th

Everspin Technologies Inc. was honored to ring the closing bell at the Nasdaq MarketSite on January 18th, 2024.

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."

For the complete article CLICK HERE

 

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.

 

For the complete article CLICK HERE

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.

Read the full press release here.

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.

Read the full press release here

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.”

Read the full press release here.

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.

Read the article

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.

Read the full press release

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. 

Read the full press release