Everspin signs contract to provide IP MRAM, design and manufacturing services for mission-critical radiation-hardened FPGA technology.



CHANDLER, Ariz.–(BUSINESS WIRE)–Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of magnetoresistive random-access memory (MRAM) persistent memory solutions, has signed a contract to provide MRAM technology, design, and manufacturing services ultimately with QuickLogic Corporation (NASDAQ: QUIK). The initial price is potentially valued at $2.8 million, with later options bringing the total to around $8.7 million. This is part of an award to develop and demonstrate high-reliability Field Programmable Gate Array (FPGA) technology to meet identified and future Department of Defense (DoD) strategic and space requirements. This project is sponsored by the DoD’s Trusted and Assured Microelectronics (T&AM) program.

Everspin MRAM intellectual property and technology has been used for more than 10 years in mission-critical radiation-resistant and space applications. Everspin will expand its traditional market for discrete MRAM designs by collaborating with QuickLogic and integrating MRAM directly into the FPGA product. “Spin-transfer Torque MRAM technology is an ideal candidate for radiation-resistant FPGA devices due to its persistence and inherent radiation immunity,” said Sanjeev Aggarwal, President and CEO of Everspin. “We are excited to work with the other partners on this program to develop reconfigurable FPGA technology for use in harsh environments.”

“QuickLogic is delighted to partner with Everspin,” said Brian Faith, President and CEO of QuickLogic. “Everspin’s demonstrated heritage in delivering rugged MRAM technologies and products makes them an ideal company to partner with on such a critical project.”

About Everspin Technologies Everspin Technologies, Inc. is the world’s leading supplier of magnetoresistive RAM (MRAM). Everspin MRAM offers the industry’s most rugged and high-performance non-volatile memory for industrial IoT, data centers, automotive, and other mission-critical applications where data persistence is paramount. Based in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com. NASDAQ: MRAM.

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