COLORADO SPRINGS, Colo., Oct. 17 /PRNewswire/ -- Simtek Corporation
(OTC Bulletin Board: SRAM), has established itself as the world's leading
supplier of silicon-nitride based nonvolatile memory and has proven the
technology capable of providing better performance at lower cost than
competing nonvolatile memory processes. The Company is now ready to license
its technology to semiconductor manufacturers looking for "next generation"
performance in complex integrated circuits.
Simtek has been using its silicon-nitride-oxide-semiconductor (SNOS)
process to manufacture nonvolatile static RAM products for over 10 years and
has developed unique patented architectures and process expertise. This
Quantum Trap(TM) Technology is ideally suited for emerging System on a Chip
applications as more complex functions are integrated together, requiring
embedded nonvolatile memory along with other circuit building blocks.
Simtek's technology is especially valuable as chip geometries shrink to
0.25 micron and below, since traditional flash memory processes do not
integrate well with fine-line logic processes.
System on a Chip designs are becoming the preferred integrated circuit
approach for reducing size and cost in applications such as data
communications, wireless handsets, notebook computers, security protocol, PDAs
and many other leading edge products.
Dr. Steven Lin has joined Simtek to work with semiconductor foundries to
expand the reach of Simtek's technology. Dr. Lin has extensive training and
experience in process technologies, including hands-on experience working with
Simtek's process while at Chartered Semiconductor, Simtek's subcontract wafer
foundry. His credentials include Bachelor of Science and Master of Science
degrees in electrical engineering from the Massachusetts Institute of
Technology (MIT) and a Ph.D. from the California Institute of Technology
(CalTech). "After a thorough analysis of process steps required to add
traditional nonvolatile memory versus Simtek's Quantum Trap technology, it is
clear that Simtek's approach would cost half as much and offer superior
performance when integrated with standard processes being used for complex,
multifunction chips," stated Dr. Lin. "I feel that manufacturers looking for
a high-performance competitive edge will be compelled to consider our approach
for future developments."
"We're very excited that Steven has joined the Simtek team," said Douglas
Mitchell, Simtek's president and CEO. "We have accumulated years of
experience developing and manufacturing nonvolatile static RAM products. This
is yet another step to expand our reach and grow our business."
Simtek Corporation delivers the world's fastest re-programmable
nonvolatile semiconductor memories and the industry's most cost-effective FPGA
to ASIC conversions. Information on Simtek products can be obtained from its
web page: http://www.simtek.com; email: info@simtek.com; by calling (719) 531-9444;
or fax (719) 531-9481. The company is headquartered in Colorado Springs,
Colorado, with international sales and marketing channels. Simtek is listed
under the symbol SRAM on the OTC Electronic Bulletin Board.
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 the availability of new products during 2000 and statements by Mr.
Mitchell predicting the Company's future growth. Such statements involve
risks and uncertainties, and actual results could differ materially from the
results anticipated in such forward-looking statements as a result of a number
of factors, including, but not limited to, the risk of delays in the
availability of new products due to technological, market or financial factors
including the availability of necessary working capital, or the other factors
described in the Company's most recent Form 10-KSB and Form 10-QSB filed with
the Securities and Exchange Commission.
If you have any further questions or concerns, please direct them to the
Communications Department.
For more information please contact: Communications Department Simtek
Corporation 1465 Kelly Johnson Boulevard Colorado Springs, CO 80920 USA;
(719) 531-9444; FAX (719) 531-9481.
SOURCE Simtek Corporation
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Related links:
http://www.simtek.com
CONTACT:
Doug Mitchell, Communications Department of
Simtek Corporation, 719-531-9444, fax, 719-531-9481
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