HOD HASHARON, Israel and BLOOMINGTON, Minn., September 9, 2021<\/strong> \u2013 Weebit Nano Limited<\/a> (ASX: WBT), a leading developer of next-generation memory technologies for the global semiconductor industry, and SkyWater Technology<\/a> (NASDAQ: SKYT), the trusted technology realization partner, announced an agreement to take Weebit\u2019s innovative Resistive RAM (ReRAM) technology to volume production. In addition, SkyWater has licensed the technology for use with customer designs.<\/p>\n Under the terms of the agreement, SkyWater and Weebit will collaborate to transfer the Weebit ReRAM technology to SkyWater\u2019s production fab and qualify it for volume manufacturing. Following the qualification of the technology, SkyWater intends to offer it to customers as embedded, non-volatile memory (NVM) IP on the company\u2019s 130nm CMOS process.<\/p>\n SkyWater\u2019s 130nm process is a sweet spot for a broad range of applications such as analog, power management, automotive, IoT and rad-hard designs. In these application domains, Weebit\u2019s ReRAM provides significant advantages such as cost effectiveness, enhanced endurance and retention even at high temperature ranges, good tolerance to radiation and electromagnetic fields, and zero interference with front-end-of-line (FEOL) analog components.<\/p>\n Commercialization of ReRAM technology will provide enhancements to a range of new electronics in industries such as automotive which require high-temperature performance. Weebit\u2019s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing embedded Flash memory solutions. The technology focuses on enabling IoT devices and edge computing architectures and will benefit neuromorphic computing opportunities for machine learning and artificial intelligence applications.<\/p>\n Weebit\u2019s ReRAM technology can be scaled to a number of other technologies like SkyWater\u2019s 90 nm and carbon nanotube platforms. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.<\/p>\n Coby Hanoch, CEO of Weebit Nano<\/strong>, said: \u201cWe are delighted to announce Weebit\u2019s first commercial agreement to take our groundbreaking ReRAM to volume production. SkyWater is an ideal partner because of the company\u2019s commitment to technology innovation and supporting their customers\u2019 differentiated products. Our technology, which is highly efficient and extremely robust, is enabling greater performance and lower power memory solutions for a range of new electronic devices. We look forward to collaborating with SkyWater \u2013 starting immediately \u2013 to ensure smooth technology transfer to their U.S. production fab.\u201d<\/p>\n Thomas Sonderman, SkyWater president and CEO<\/strong> said: \u201cAs a proven Trusted Technology Foundry, SkyWater helps customers differentiate their silicon through innovative technologies, materials and processes. Weebit\u2019s ReRAM is at the forefront of non-volatile memory technology and is laying the groundwork for exciting new memory solutions. We\u2019re excited to work with Weebit toward building its technology into our growing library of silicon-proven and trusted design IP that our customers can leverage in building highly differentiated SoC designs.\u201d<\/p>\n SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DOD-accredited Trusted supplier. SkyWater\u2019s Technology as a ServiceSM model streamlines the path to production for customers with development services, volume production and advanced packaging solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, read-out ICs, rad-hard, power discretes, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.<\/a><\/p>\n SkyWater Technology Forward-Looking Statements<\/strong> Weebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The company\u2019s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit\u2019s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. Because it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See:www.weebit-nano.com<\/a>; Follow Weebit on its new Twitter account at: @WeebitNano<\/a><\/p>\n Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.<\/p>\n Weebit Nano forward looking statementAbout SkyWater Technology<\/h3>\n
\nThis press release contains \u201cforward-looking\u201d statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on the Company\u2019s current expectations or forecasts of future events, rather than past events and outcomes, and such statements are not guarantees of future performance. Forward-looking statements are subject to risks, uncertainties and assumptions, which may cause the Company\u2019s actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors that could cause the Company\u2019s actual results to be different than expected or anticipated include, but are not limited to factors discussed in the \u201cRisk Factors\u201d section of the prospectus the Company filed with the SEC on April 22, 2021, its quarterly report on Form 10 Q for the quarter ended July 4, 2021 and in other documents that the Company files with the SEC, which are available at http:\/\/www.sec.gov<\/a>. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.<\/p>\nAbout Weebit Nano<\/h3>\n
\n<\/strong>This release contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of Weebit Nano\u2019s research and development programs; the Company\u2019s plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cpotential\u201d or \u201ccontinue\u201d or the negative thereof or other
\ncomparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond Weebit Nano\u2019s control. All forward-looking statements and reasons why actual results may differ are based on information available to the Company when initially made, and Weebit Nano assumes no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"class_list":["post-6849","press_release","type-press_release","status-publish","hentry"],"acf":[],"yoast_head":"\n