Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and world�s leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced an agreement with ProGate Technology to distribute the full line of Simtek products in Korea. ProGate Technology, headquartered in Seongnam, Korea, was established in 2001 as a leading provider of innovative and value-added solutions for the electronics industry in Korea. �Korea is a key design center in Asia and we are pleased to expand our distribution through ProGate to further capitalize on the large and growing Korean OEMs,� said Harold Blomquist, Simtek president and CEO. �We continue to see strong momentum in our sales across Asia, and feel that ProGate�s strong reputation and capability in Korea will assist us in our ongoing efforts to expand Simtek�s global footprint.� �It is�our delight to work with Simtek to distribute their products throughout Korea. Simtek products provide the reliability and performance that our customers� solutions require,� said S.C. Kim, CEO of ProGate Technology. �Simtek�s nvSRAM technology complements our portfolio of products and we look forward to assisting them to further expand their distribution in the Korean marketplace.� 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 website: www.simtek.com; email: information@simtek.com. The Company is headquartered in Colorado Springs, Colorado. About ProGate Technology ProGate Technology is providing leading semiconductor technology & intellectual properties for both technology-driven and volume-driven markets in Korea. With profound knowledge of high end markets, ProGate focuses on TV, LCD/PDP Panel, Telecommunication, Cellular & Handheld applications. Information on ProGate Technology can be obtained from: www.progate.co.kr; email: support@progate.co.kr. The company is located in Bundang, Seongnam-City, Kyungki-Do, Korea. 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.
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