Simtek Announces Engagement of Strategic Advisor

  
    
  
  
    
      Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and world’s 
      leading supplier of nonvolatile static random access memory (nvSRAM) 
      integrated circuits, today announced it has engaged Pagemill Partners, 
      LLC to assist the Board with respect to the Cypress Semiconductor 
      statement of intent, as set forth in the Schedule 13D/A filed with the 
      Securities and Exchange Commission on Wednesday, February 6th, 
      2008, and other strategic options in order to maximize long-term value 
      for shareholders.
    
    
      “The team at Pagemill, led by Managing 
      Director Nels Nelsen, represented Simtek on the ZMD acquisition in 2005,” 
      said Harold A. Blomquist, Simtek's president and chief executive 
      officer. “Simtek has maintained close working 
      relations with the senior members of the Pagemill team, since. We look 
      forward to working with them to determine the best course of action for 
      the Company at this time.”
    
    
      About Simtek Corporation
    
    
      Simtek Corporation designs and markets "NV + fast SRAM" 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: www.simtek.com; 
      email: [e-mail]. 
      The company is headquartered in Colorado Springs, Colorado.