SMTK SmartKem Inc

COLORADO SPRINGS, Colo., April 24 /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 a new exclusive distribution agreement with Future Electronics. Future will promote, supply and support Simtek products throughout North America, expanding product access and support options for customers in the region. Future has been a key worldwide distributor for Simtek since early 2000, and is a world-class leader and innovator in the distribution and marketing of semiconductors and passive, interconnect and electro-mechanical components. The agreement joins Simtek's unique nvSRAM products for the industrial, robotic, medical, data storage, and military markets with Future's regional strength, technical resources and cutting edge portfolio of complementary technology and product lines. "We have had an excellent relationship with Future over the past 7 years and are eager to expand our relationship to include sales channel distribution exclusivity in North America," commented Harold Blomquist, President and Chief Executive Officer. "Moving to a single channel distributor model will enable us to fully capitalize on Future's vertically integrated industrial sales and distribution expertise and to jointly provide excellent service and support to all our distribution customers." "We look forward to expanding our North American distribution efforts with Simtek," commented Doug Gilchrist, Director of Memory Products for Future Electronics. "Simtek's unique technology offers our clients the speed and functionality of SRAM yet still retains data on power loss, making them an integral part of our product portfolio." 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. About Future Electronics Future Electronics, a global leader in electronics distribution, ranks 3rd in component sales worldwide. Founded in 1968, the company has emerged as one of the most important entities in the electronics distribution industry and today, is recognized around the globe as one of the industry's most innovative organizations. This position is built upon Future's commitment to maintain close business partnerships with both suppliers and customers, coupled with the strength of its commercial and technical competencies through all stages of the design-production cycle. The company employs 5,000 employees in 167 offices in 39 countries around the world. Future Electronics' web site can be accessed at http://www.futureelectronics.com/ DATASOURCE: Simtek Corporation CONTACT: Brian Alleman, CFO of Simtek Corp., ; or Marie Dagresto or Todd Kehrli, both of MKR Group, Inc., +1-323-468-2300, , for Simtek Corp. Web site: http://www.simtek.com/

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