SMTK SmartKem Inc

COLORADO SPRINGS, Colo., April 9 /PRNewswire-FirstCall/ -- Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and world's leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced that Simtek's nvSRAM was recognized in the 2007 EE Times-China Annual Creativity in Electronics (ACE) Awards for Memory Product of the Year. ACE Awards China recognizes leadership and excellence in product design, awarding products and technologies that significantly impact or have a potential to impact mainland China's electronics market. The award is granted to products that have demonstrated the ability to enable systems engineers to deliver new and compelling capabilities, enhance existing features and save costs and resources; or, the product or technology is broadly recognized by mainland China's design and manufacturing community for its excellence and leadership. Simtek has developed a proprietary non-volatile memory chip technology that facilitates unlimited reads and writes and saves critical data in the event of a power loss, all without the use of a battery. This is the only nvSRAM technology in existence that combines the most desired features of volatile and nonvolatile memory into a single integrated chip. The device is compact and requires less maintenance than a battery backed alternative, making Simtek's chip technology ideal for a variety of data security applications, such as RAID (Redundant Array of Independent Disks) systems, GPS navigation, industrial and commercial copiers, PoS terminals, handheld meters, and consumer electronics products. "We are pleased that our partnership with Cypress was instrumental in this recognition. This enhancement of brand recognition for Simtek's nvSRAM was one objective of the March 2006 strategic agreement between Simtek and Cypress," said Harold A. Blomquist, Simtek's president and chief executive officer. "These early products marketed by Cypress are designed and manufactured by Simtek. This award reflects the superior technology of our family of nvSRAM memory products which is experiencing solid growth throughout Asia." More information on the ACE awards can be found at: http://www.eetchina.com/ace/EN/ACE2007/ABOUT_EN.HTM 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. About Simtek Corporation Simtek Corporation designs and markets high-speed, re-programmable, 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: http://www.simtek.com/; email: . The company is headquartered in Colorado Springs, Colorado. DATASOURCE: Simtek Corporation CONTACT: Brian Alleman, CFO of Simtek Corporation, ; or Marie Dagresto or Todd Kehrli, both of MKR Group, Inc., +1-323-468-2300, Web site: http://www.simtek.com/ http://www.eetchina.com/ace/EN/ACE2007/ABOUT_EN.HTM

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