Everspin names Phillip LoPresti as president and CEO

Everspin Technologies has named Phillip LoPresti its president and CEO.

“I am looking forward to building on MRAM’s success across multiple markets and leading Everspin through the next stage of our technology development,” said Phillip LoPresti. “Our strong product portfolio and proven track record positions us to expand market share as more customers recognize the value of our products. Everspin is focused on leveraging its MRAM expertise and resources to accelerate the introduction of new products in development based on our next-generation, high density Spin Torque MRAM technology.”

Read the full story Posted: Jul 14,2010

Everspin reported its Q4 2018 financial results

Everspin announced its financial results for Q4 2018. Revenues in the quarter grew 21% from last year to reach $12.3 million, while total year revenues in 2018 grew 38% from 2017 to reach $49.4 million. Net loss in the quarter was $3.5 million (down from $4.4 million in Q4 2017). Net loss for the whole 2018 was $17.8 million (down from $21.1 million in 2017).

Everspin says that it has increased the production volume of its 40nm 256Mb STT-MRAM in support of its lead flash array customer. Everspin ended 2018 with with cash and cash equivalents of $23.4 million.

Read the full story Posted: Mar 15,2019

Everspin reports its financial results for Q2 2020

Everspin Technologies reported its financial results for Q2 2020. Total revenues reached $11.8 million, up 37% from Q2 2019, and the GAAP net loss was $1.3 million (compared to a net loss of $3.7 million in Q2 2019). Cash and equivalents at the end of Q2 2020 were $12.9 million.

Everspin says it has extended its momentum into the second quarter, with record revenues of its 1Gb STT-MRAM product. Looking into Q3, Everspin says it sees a delay in new product introduction plans by customers, and so sees its revenues between $10 million and $10.8 million.

Read the full story Posted: Aug 07,2020

Everspin reports its Q1 2022 financial results

Everspin Technologies announced its financial results for Q1 2022, with revenues of $14.3 million (up 39% from 2021) and a net income of $1.9 million (compared to a $0.5 million net loss in 2021).

Everspin Technologies chip photo

Everspin says its product backlog for the rest of 2022 is at an all-time high, as demand continues to outpace supply. The company continues to work with its foundry partners to increase production capacity, but it expects the supply chain constraints to tighten in H2 2022.

Read the full story Posted: May 12,2022

Everspin repots its Q1 2019 financial results

Everspin announced its financial results for Q1 2019. Revenues in the quarter were to $10 million (down from $14.9 in Q1 2018). Net loss was $4.3 million (up from $1.3 million in Q1 2018).

At the end of the quarter, Everspin had $18.5 million in cash and equivalents. For the next quarter (Q2 2019), Everspin expects revenues to be in the range of $9.6 million to $10 million.

Read the full story Posted: May 09,2019

Aeroflex launches 16MBit and 64MBit MRAM chips, based on Everspin's technology

Aeroflex launched three MRAM chips for the aerospace and defense markets: the UT8MR2M8 (16Mbit, 40-pin flatpack) and the UT8MR8M8 (64Mbit, 64-pin flatpack). The 64Mbit chip isactually the world's highest density MRAM chip (Everspin's highest one is only 16Mbit in size).

Aeroflex is using licensed MRAM technolgoy from Everspin, and it took them two years to modify Everspin's design so it fits their target markets.

Read the full story Posted: Jul 05,2012

Aeroflex licenses MRAM technology from Everspin, to make memory solutions for aerospace and defense applications

Aeroflex Colorado Springs has licensed MRAM technology from Everspin for the development of HiRel nonvolatile memory solutions for aerospace and defense applications. Aeroflex will develop 4Mb and 16Mb MRAM monolithic solutions with guaranteed total ionizing dose and single event effect hardness. Aeroflex envisions HiRel MRAM solutions being used with microprocessors, DSP engines, storage systems, instruments, and reconfigurable FPGAs that require guaranteed total ionizing dose and single event hardness.

Aeroflex’s MRAM roadmap includes a family of -55oC to +125oC, QML products offered in ceramic packages per a Standard Microcircuit Drawing (SMD). As a replacement for 3.3 volt asynchronous SRAM, Aeroflex products will be 8-bit parallel I/O solutions in densities of 4M, 16M, and 64Mbit. All products are designed to operate from a single 3.3 volt supply. With data retention after each write of 20 years and infinite read/write endurance, Aeroflex MRAM products are ideal for working memory applications that require high rates of data overwrites.

Read the full story Posted: Jul 19,2010

Aupera Technologies launches the world's first storage module based on Everspin's pMTJ STT-MRAM

Aupera Technologies launched the world's first M.2 storage module based on Everspin's recently announced 256Mb pMTJ ST-MRAM. The Aup-AXL-M128, will be used in Aupera's All Flash Array system as a hardware acceleration engine for specific applications that require low latency and high performance.

Aupera Aup-AXL-M128 photo

Aupera says the company is excited at the future potential of this ST-MRAM based module. The ST-MRAM delivers four orders of magnitude BER reduction and more than 30% less power while quadrupling the capacity to 128MB as compared to the previous generation M.2 MRAM module.

Read the full story Posted: Aug 10,2016

BMW uses new automotive-temperate Everspin MRAM in their S-1000RR super bike

Everspin announced that BMW is using their 4Mb MRAM chip (MR2A16AMYS35) in their super bike. Everspin's say that their MRAM products meet the demands of AEC-Q100 standards that are associated with a variety of automotive applications (engine control units, advanced transmission control, in-car data log and multimedia systems for in-car entertainment).

BMW is using the memory chip in their Motorrad Motorsport engine control unit (ECU) called RSM5, storing important calibration data that controls the motorcycle during a race. The MRAM chip stores adjustable engine parameters such as data related to a racing bike’s fuel injection, ignition, braking and acceleration, and is optimized before each race - with different parameters according to the river, track and race conditions.

Read the full story Posted: Feb 28,2011