Everspin Announces a $9.25M Contract to Provide MRAM Technology for Strategic Radiation Hardened eMRAM Macro
August 14 2024 - 1:00PM
Business Wire
Everspin PERSYST MRAM technology will be used
for the development of the domestic production of electronics for
aerospace and defense
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading
developer and manufacturer of Magnetoresistive Random Access Memory
(MRAM) persistent memory solutions, today announced a new strategic
contract with Frontgrade Technologies. Under the contract, Everspin
will provide its innovative PERSYST MRAM technology, logic design,
and back-end-of-line manufacturing services to advance the
development and demonstration of a Strategic Radiation Hardened
(SRH) high-reliability eMRAM macro for use in future products by
Frontgrade.
“Everspin is pleased to work with Frontgrade on a custom
Radiation Hardened Spin Transfer Torque MRAM program,” said Sanjeev
Aggarwal, President Technologies and CEO of Everspin Technologies.
“Extending our decade-long relationship to next-generation MRAM,
this project will expand MRAM’s use and availability to more
defense and aerospace radiation-hardened use cases.”
This initiative supports both current and future Department of
Defense (DoD) strategic and commercial space system requirements.
It will be manufactured using Skywater RH90 CMOS in Bloomington,
Minnesota and Everspin’s back-end-of-line MRAM process in Chandler,
Arizona. The contract allows for phases totaling up to $9.25
million for Everspin Technologies over multiple years. The current
phase with Everspin Technologies is valued at approximately $1.25
million. Upon successful performance of this phase, and at the
discretion of the U.S. government, the contract allows for award of
future optional phases.
About Everspin Technologies
Everspin Technologies, Inc., is the world’s leading provider of
Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s
most robust, highest-performance, non-volatile memory for
Industrial IoT, Data Centers, and other mission-critical
applications where data persistence is paramount. Headquartered in
Chandler, Arizona, Everspin provides commercially available MRAM
solutions to a large and diverse customer base. For more
information, visit www.everspin.com.
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Agency Contact: Kiterocket Stephanie Quinn T: 480-316-8370
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