Simtek Issues Open Letter to Shareholders and EmployeesSimtek's Open Letter to Shareholders and Employees (December 2007)

  
    
  
  
    
      Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and world’s 
      premier supplier of nonvolatile static random access memory (nvSRAM) 
      integrated circuits, today issued an open letter to shareholders 
      discussing the status of the Company and recent stock performance.
    
    
      Highlights of Issues Discussed
    
    
      
        Reaffirmed guidance that product revenue for 2007 will be in the range 
        of $32 to $33 million and gross margins near 50%
      
      
        Investment in new high density non-volatile RAM initiative in 2007 
        will be about $0.08 per share
      
      
        Analysis of Simtek’s share price, trading 
        near historical lows, despite strong operating performance
      
      
        Projected revenue from new designs in the first nine months of 2007 
        exceeds that of all designs won during 2006
      
      
        Four new products – 4 and 8 megabit devices 
        with and without Real Time Clock, expected to be launched into 
        production in 2008
      
      
        Simtek-Cypress relationship providing many important benefits
      
    
    
      
        
           
        
        
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          Design engineering resources and disciplines enhanced significantly
        
      
      
        
        
        
        
        
           
        
      
      
        
        
        
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          Process relationship expected to provide access to manufacturing 
          technologies beyond 130 nanometer to sub-100 nanometer process nodes
        
      
      
        
        
        
        
        
           
        
      
      
        
        
        
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          Customer confidence in Simtek nvSRAM strengthened, opening doors to 
          higher volume programs than ever before
        
      
    
    
      Attached is the full content of an open letter to shareholders issued by 
      Simtek President and CEO, Harold Blomquist.