Simtek Ships 4-Megabit Evaluation Samples to Beta Customers

  
    
  
  
    
      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 shipped evaluation 
      samples of its 4-Megabit product to multiple beta customers.
    
    
      These beta customers, who represent the server, industrial control, 
      large storage systems, and solid-state disk markets, are industry 
      leaders in their respective markets. Simtek anticipates shipping 
      fully-qualified sample quantities of product in Q4 2007 and ramping to 
      full-volume production in early Q1 2008.
    
    
      The 4-Megabit product line is the result of a multi-year strategic 
      partnership with Cypress Semiconductor to expand Simtek’s 
      nvSRAM product family and add the superior SONOS manufacturing 
      capability of Cypress’ fab in Minnesota. The 
      4-Megabit density offers unparalleled functionality and will enable 
      existing Simtek customers to transition to the new, more advanced 
      solution at very attractive price points. Further, this high-performance 
      product line is expected to expand the available target markets for the 
      Company.
    
    
      “Shipping evaluation samples to our beta 
      customers is an exciting milestone here at Simtek, and we’re 
      pleased with the quality of beta customers placing orders, the level of 
      interest from current and prospective customers, as well as the feedback 
      we’ve received to date on the 4-Megabit device,” 
      said Harold A. Blomquist, Simtek's president and chief executive 
      officer. “Together with Cypress Semiconductor, 
      we have collaborated effectively to reach this critical milestone, and 
      look forward to opening the door to new and greater market opportunities 
      previously unavailable to us.”
    
    
      The company completed the initial tape-out of the 4-Megabit Autostore 
      nvSRAM along with Cypress Semiconductor Corp in April. It is the first 
      Simtek product to utilize Cypress' 0.13um SONOS process.
    
    
      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, 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.