Press Archive for 2019

August 16, 2019

Everspin to Participate at Jefferies Semiconductor, Hardware and Communications Infrastructure Summit on August 28

Everspin today announced Kevin Conley, President and CEO will participate at the Jefferies Semiconductor, Hardware and Communications Infrastructure Summit to be held at the Ritz-Carlton Hotel in Chicago, IL. Mr. Conley will be available to meet with investors throughout the day on Wednesday, August 28, 2019. 

Read the full press release

August 12, 2019

Everspin and Seagate Sign IP Patent Assignment and Licensing Agreements

Everspin announced an IP cross-licensing agreement with Seagate Technology (NASDAQ: STX), a world leader in data storage solutions. Both companies hold an extensive portfolio of IP that is further strengthened by this agreement including the assignment and licensing of MRAM patents from Seagate to Everspin as well as licensing of specific Tunneling Magnetoresistance (TMR) patents from Everspin to Seagate.

Read the full press release

August 8, 2019

Everspin Honored with Best of Show Award for Most Innovative Flash Memory Technology at Flash Memory Summit 2019

Everspin was honored with a Flash Memory Summit 2019 Best of Show Award for most innovative flash memory technology at last night’s awards ceremony.

Read the full press release

August 7, 2019

Everspin Reports Second Quarter 2019 Financial Results

Everspin announced financial results for the second quarter ended June 30, 2019. 

  • Total revenue was $8.6 million, at the high-end of revised guidance
  • Loss per share was ($0.21), a $0.04 per share sequential improvement
  • Operating expenses decreased sequentially by $1.3 million to $7.6 million as the 1Gb STT-MRAM device transitioned from R&D into production
  • Announced Phison Electronics and Sage Microelectronics to provide native support for 1Gb STT-MRAM in their enterprise SSD controller chips
  • Refinanced Company debt facility, substantially reducing the cash burn over the next 12 months

Read the full press release

August 6, 2019

Everspin Builds Ecosystem for 1-Gigabit Spin-transfer Torque Magnetoresistive Random Access Memory (STT-MRAM)

Everspin today announced several ecosystem partnerships for its 1-Gigabit (Gb) Spin-transfer Torque Magnetoresistive Random Access Memory (STT-MRAM) product. With volume production of MRAM devices spanning 128Kb to 256Mb and the growing demand for its ground-breaking 1 Gb STT-MRAM density part just entering production, Everspin is extending its leadership in MRAM memory component manufacturing. 

Read the full press release

August 5, 2019

Everspin Expands Spin-transfer Torque MRAM Ecosystem Support for its 1 Gigabit STT- MRAM with Cadence Design IP and Verification IP

Everspin announced it is expanding the ecosystem for its 1 Gb Spin-transfer Torque MRAM (STT-MRAM) with Cadence Design Systems, Inc. providing DDR4 Design IP (DIP) and Verification IP (VIP) support for Everspin’s 1 Gb STT-MRAM memory.

Read the full press release

August 1, 2019

Everspin to Showcase Partnerships Leveraging 1Gb STT-MRAM and Deliver Eight Industry Presentations at Flash Memory Summit 2019

Media Alert: Everspin will exhibit and present at MRAM Developer Day on Monday, August 5 and Flash Memory Summit through Thursday, August 8 in Santa Clara, CA.

Read the full media alert

July 31, 2019

Sage Microelectronics and Everspin Partner to Bring Spin-transfer Torque MRAM to Next Generation Enterprise SSD Devices

Everspin announced its partnership with Sage Microelectronics Corporation. Sage’s new Enterprise Grade Flash memory controller will provide native support for Everspin’s 1 Gb STT-MRAM memory. Sage Microelectronics controllers withEverspin’s 1 Gb STT-MRAM enable storage system designers to increase the reliability and performance of systems where high-performance data persistence is critical by delivering protection against power loss without the use of supercapacitors or batteries.

Read the full press release

July 25, 2019

Everspin to Host Second Quarter 2019 Earnings Call on August 7

Everspin Technologies, Inc. (NASDAQ: MRAM), the market leader in MRAM, will release its second quarter 2019 financial results after market close on Wednesday, August 7, 2019. Kevin Conley, President and CEO, and Jeff Winzeler, CFO, will host a conference call at 5:00 p.m. Eastern Time to discuss the Company’s financial results.

Read the full press release

July 24, 2019

Everspin and Phison Partner to Bring Spin-transfer Torque MRAM to Next Generation Enterprise SSD Controllers

Everspin announced Phison Electronics Corp. will provide native support for Everspin’s 1 Gb STT-MRAM memory in its next generation enterprise SSD controller lineup. Phison controllers with Everspin’s 1 Gb STT-MRAM enable storage system designers to increase the reliability and performance of systems where high-performance data persistence is critical. This is accomplished by delivering protection against power loss without the use of supercapacitors or batteries.

Read the full press release