SMTK Simtek Corp (MM)

Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and world�s leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced that it has completed design of the production version of its flagship 4 and 8 megabit families of nvSRAMs designed in a 130 nanometer SONOS process. The Company released the design to prepare for production on Wednesday, February 13th. �Achieving this important milestone is the culmination of extensive process development, product design, debug, and verification,� said Andy Broom, Simtek vice president of Engineering. �We are confident that we can ship production qualified units to customers of both our 4 megabit and 8 megabit families from this release.� �We started beta sampling the 4 megabit last June. To date, we�ve had approximately 40 requests for samples and have identified additional opportunities interested in production samples. Some of our early customer programs are now nearing completion and are waiting for production qualified parts to complete system validation and begin ramping into production,� said Grant Hulse, Simtek vice president of Marketing. �If all goes well over the next few months we could be ready to deliver fully qualified product to customers as early as the middle of the year. It�s still too early to tell how quickly some of these programs may ramp into production, however we are excited to be ready to start volume production in the near future.� The Company plans to qualify both the 4 megabit and 8 megabit nvSRAMs from this version of the design. Later in the year, the Company anticipates readying for production the real-time-clock versions of both devices as well as speed enhanced versions of other memory densities. Larger memories, added features, and higher speed versions should enable the Company to serve new markets previously unavailable. About Simtek Corporation Simtek Corporation designs and markets "NV + fast SRAM" nonvolatile semiconductor memory products for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.