Simtek Corporation to Ring NASDAQ Closing Bell on May 11, 2007
May 10 2007 - 7:30AM
PR Newswire (US)
COLORADO SPRINGS, Colo., May 10 /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 the Company's
President and Chief Executive Officer, Harold Blomquist, will ring
The NASDAQ Stock Market closing bell tomorrow, May 11, 2007. He
will be joined by Mr. Brian Alleman, Chief Financial Officer and
two Company employees who have contributed to the Company's success
in significant ways, Ms. Kim Stankey, and Ms. Cindy Wade. The
bell-ringing ceremony will be broadcast on national business
television at 4:00 pm ET from the NASDAQ's MarketSite broadcast
studio in New York City and will be webcast live on NASDAQ's
website: http://www.nasdaq.com/reference/marketsite_about.stm
Harold Blomquist, Simtek President and CEO, commented, "We are
excited to preside over the NASDAQ market close and view this
occasion as an opportunity to acknowledge and thank all of those
who contributed to our success, including our customers, partners,
shareholders, and employees. Our recent re-listing on the NASDAQ
Capital Market reflects the strong financial and other results we
have delivered over the past year. We are pleased with our progress
as a company and look forward to continued excitement and growth,"
concluded Blomquist. On April 26, 2007, Simtek announced first
quarter financial results, which included 66% product revenue
growth year-over-year and $0.02 per share ex-item profit. The
company guided for 2007 product revenue in excess of $40 million
which is growth in excess of 40% versus 2006 and an ex-item profit
for 2007 in the range of $0.23 - $0.29 per share. On January 8,
2007 Simtek announced that the NASDAQ Stock Market approved its
application for listing of the Company's common stock on the NASDAQ
Capital Market under the symbol "SMTK." Simtek began trading on the
NASDAQ Capital Market on Wednesday, January 10, 2007. 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, industrial
automation, GPS navigational systems, robotics, medical
instrumentation, and networking and telecommunications 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. 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. DATASOURCE: Simtek
Corporation CONTACT: Brian Alleman, CFO of Simtek Corporation, ; IR
Contact for Simtek, Todd Kehrli or Marie Dagresto, both of MKR
Group, Inc., +1-323-468-2300, Web site: http://www.simtek.com/
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