Simtek Readies 4 and 8 Megabit Devices for Production

  
    
  
  
    
      Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and world’s 
      leading supplier of nonvolatile static random access memory (nvSRAM) 
      integrated circuits, today announced that it has completed design of the 
      production version of its flagship 4 and 8 megabit families of nvSRAMs 
      designed in a 130 nanometer SONOS process. The Company released the 
      design to prepare for production on Wednesday, February 13th.
    
    
      “Achieving this important milestone is the 
      culmination of extensive process development, product design, debug, and 
      verification,” said Andy Broom, Simtek vice 
      president of Engineering. “We are confident 
      that we can ship production qualified units to customers of both our 4 
      megabit and 8 megabit families from this release.”
    
    
      “We started beta sampling the 4 megabit last 
      June. To date, we’ve had approximately 40 
      requests for samples and have identified additional opportunities 
      interested in production samples. Some of our early customer programs 
      are now nearing completion and are waiting for production qualified 
      parts to complete system validation and begin ramping into production,” 
      said Grant Hulse, Simtek vice president of Marketing. “If 
      all goes well over the next few months we could be ready to deliver 
      fully qualified product to customers as early as the middle of the year. 
      It’s still too early to tell how quickly some 
      of these programs may ramp into production, however we are excited to be 
      ready to start volume production in the near future.”
    
    
      The Company plans to qualify both the 4 megabit and 8 megabit nvSRAMs 
      from this version of the design. Later in the year, the Company 
      anticipates readying for production the real-time-clock versions of both 
      devices as well as speed enhanced versions of other memory densities. 
      Larger memories, added features, and higher speed versions should enable 
      the Company to serve new markets previously unavailable.
    
    
      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.
    
    
      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.