NVE Notified of Grant of Magnetothermal MRAM Patent
NVE Corporation announced today that it has been notified by the U.S. Patent and Trademark Office (USPTO) of the expected grant of a patent relating to magnetothermal Magnetoresistive Random Access Memory (MRAM).NVE has been notified that the patent, titled "Magnetic Memory Layers Thermal Pulse Transitions," will be issued today. The patent is number 7,177,178 and is the grant of a patent under the application published by the USPTO as number 2006-0083056. The grant is in addition to patent number 7,023,723, which is similarly titled and was granted in April 2006. The invention of the new patent relates to dual-film MRAM cells.
NVE Corporation Reports Third Quarter Fiscal 2007 Results
Product sales for the quarter increased 95% over the prior-year quarter to $3.40 million from $1.74 million. Total revenue, consisting of product sales and contract research and development revenue, increased 48% to $3.86 million for the third quarter of fiscal 2007 from $2.61 million in the prior-year quarter. Net income for the third quarter of fiscal 2007 was $1.05 million, or $0.22 per diluted share compared to $401,385, or $0.09 per diluted share, for the prior-year quarter.
NVE notified of new MRAM patent
NVE Corporation said that it has been notified by the U.S. Patent and Trademark Office (USPTO) of the expected grant today of a patent relating to Magnetoresistive Random Access Memory (MRAM). The patent, titled "Magnetoresistive Memory SOI Cell," is number 7,148,531 and is the grant of a patent under the application published by the USPTO as number 2005-0242382.
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NVE's invention relates to MRAM incorporating silicon-on-insulator (SOI) materials. The invention could allow smaller MRAM cells and lower power consumption by reducing the electrical current required to write data to the memory cells.
NVE Corporation Reports Second Quarter Fiscal 2007 Results, no word on MRAM
Product sales for the quarter increased 87% over the prior-year quarter to $3.78 million from $2.02 million. Total revenue, consisting of product sales and contract research and development revenue, increased 44% to $4.40 million for the second quarter of fiscal 2007 from $3.05 million in the prior-year quarter. Net income for second quarter fiscal 2007 was $1.28 million, or $0.27 per diluted share compared to $363,968, or $0.08 per diluted share, for the prior-year quarter.
Show Us the Money
An article in Smartmoney about NVE's patents and the Freescale MRAM chip. They claim that Freescale do not use NVE's IP, and that NVE will not sign a licensing contract with them.
Please note the article's comments - a lot of people say that several claims in this article is not correct. They certainly are not in par with NVE's statements in the past. It will be interesting to see what will finally happen between those two companies.
NVE Corporation Comments on Freescale's MRAM news
Dr. Daniel A. Baker, NVE's CEO commented in NVE's conference call: "On July 10 Freescale announced that the first commercial MRAM device was in volume production. This is an impressive accomplishment by a talented Freescale team, and we congratulate them. It is also gratifying for Dr. Jim Daughton, our founder and an MRAM pioneer who made many inventions in the field and had a vision for MRAM...."
"We are proud NVE's role in MRAM's development and we look forward to a bright future. Based on a preliminary analysis, we believe Freescale's MRAM comes within the scope of claims in a number of NVE patents. We hope to negotiate a mutually beneficial agreement with Freescale to give them access to NVE intellectual property without having to resort to litigation. As we have said before, we cannot predict the possible timing of agreements, but we are confident of the strength of NVE's MRAM inventions and patent portfolio."
NVE Notified of Patent Grants
The Two-Axis Magnetic Field Sensor is patent number 7,054,114, and is the grant of a patent under the application published by the USPTO as number 2004-0137275. The invention is for a spintronic device that can detect the magnitude and orientation of magnetic fields. Applications for such devices might include Magnetoresitive Random Access Memory (MRAM), or military, industrial, and medical sensors.
NVE Corporation Reports Fourth Quarter and Fiscal Year Results
Product sales for the fourth quarter of fiscal 2006 increased 76% over the prior year to $2.80 million from $1.59 million. Total revenue, consisting of product sales and contract research and development revenue, increased 13% to $3.48 million for the fourth quarter of fiscal 2006 compared to $3.07 million in the prior-year quarter. Income before taxes for the quarter was $978,493 or $0.21 per diluted share, compared to $349,209 or $0.07 per diluted share for the prior-year quarter. After the effect of a provision for income taxes of $358,749, net income for the fourth quarter of fiscal 2006 was $619,744 or $0.13 per share. Net income for the fourth quarter of fiscal 2005 was $476,113 or $0.10 per share including an income tax benefit of $126,904 or $0.03 per share.
"We are pleased to report record product sales, total revenue, and pretax profit for the fourth quarter and fiscal year," said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. "Operating income for the quarter more than tripled, driven by strong product sales. We enter fiscal 2007 with a solid balance sheet, products that are in demand, and an excellent intellectual property portfolio."
NVE Notified of Grant of Patent Relating to Magnetothermal MRAM
NVE Corporation said today that it has been notified by the U.S. Patent and Trademark Office of the expected grant of a patent relating to magnetothermal Magnetoresistive Random Access Memory (MRAM).
NVE has been notified that the patent, titled "Magnetic Memory Layers Thermal Pulse Transitions," will be issued today. The grant is in addition to patent number 6,963,098 titled "Thermally Operated Switch Control Memory Cell," which was granted in November 2005, as well as other NVE patents relating to MRAM and magnetothermal MRAM.
NVE Corporation Reports Third Quarter Fiscal 2006 Results
Product sales for the quarter increased 56% over the prior year to $1.74 million from $1.12 million. Total revenue, consisting of product sales and contract research and development revenue, increased 2% to $2.61 million for the third quarter of fiscal 2006 compared to $2.56 million in the prior-year quarter. Income before taxes for the quarter was $614,664 or $0.13 per diluted share, compared to $375,172 or $0.08 per diluted share for the prior-year quarter. After the effect of a provision for income taxes of $213,279, net income for the third quarter of fiscal 2006 was $401,385 or $0.09 per diluted share, compared to $375,172 or $0.08 per diluted share in the third quarter of fiscal 2005.
