Simtek Reports Results of Annual Meeting

  
    
  
  
    
      Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and world’s 
      premier supplier of nonvolatile static random access memory (nvSRAM) 
      integrated circuits, today announced the results of its annual meeting 
      of shareholders held on June 19, 2008, in Colorado Springs, Colorado.
    
    
      Shareholders of Simtek approved the following proposals:
    
    
      
        Re-election of five directors to Simtek’s 
        board of directors, each to serve until the 2009 annual meeting of 
        shareholders and until their successors have been duly elected and 
        qualified. The re-elected directors include: Harold A. Blomquist, 
        Robert C. Pearson, Alfred J. Stein, John Hillyard and Philip Black.
      
      
        Ratification of the selection of Hein & Associates LLP as Simtek’s 
        independent registered public accounting firm for the year ending 
        December 31, 2008.
      
    
    
      Evaluation of Strategic Alternatives
    
    
      Shareholders have expressed questions regarding a potential strategic 
      transaction involving the Company. On April 11, 2008, we announced that 
      we remain committed to building value for all of our stockholders and 
      that we will continue to explore various strategic alternatives in order 
      to maximize long-term value for stockholders. We continue to actively 
      work on such alternatives with our advisors.
    
    
      About Simtek Corporation
    
    
      Simtek Corporation designs and markets high-speed 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, guidance and 
      projections of future performance including predictions of future 
      revenue, 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.