SmartKem (NASDAQ:SMTK)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more SmartKem Charts. Click Here for more SmartKem Charts.](/p.php?pid=staticchart&s=N%5ESMTK&p=8&t=15)
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.