NVEC

NVE granted a new MRAM patent

NVE Corporation was granted a new MRAM patent number 7,715,228, titled Cross-Point Magnetoresistive Memory.

The invention was made with U.S. Government support under a Missile Defense Agency contract and assigned to NVE. The U.S. Government has certain rights in the invention.

05/11/2010

NVE updates on Anti-Tamper MRAM research

NVE says that they have completed several custom anti-temper MRAM integrated circuit designs. NVE designs conventional semiconductor ICs which they fabricate at outside foundries. Then they add the Spintronic structures, in this case spin-dependent tunnel junction memory cells, in their own factory.

NVE now reveals that they have received a number of the foundry wafers they have designed and they are in the process of adding MRAM to the wafers. The prototypes look promising so far although a fair amount of development remains before production.

01/22/2010

NVE Corporation Reports Third Quarter Results, Working on Anti-Tamper MRAM

NVE Corporation announced today financial results for the quarter and nine months ended December 31, 2008. Total revenue for the third quarter of fiscal 2009 increased 23% to $5.88 million from $4.77 million in the prior-year quarter. The revenue increase was due to an 8% increase in product sales and a 150% increase in contract research and development revenue. Net income for the third quarter of fiscal 2009 increased 45% to $2.47 million.

01/22/2009

NVE receives an MRAM patent - "Enclosure tamper detection and protection"

NVE Corporation was granted a patent today relating to tamper detection and protection using magnetoresistive sensing memory storage. The patent is number 7,468,664 and titled "Enclosure tamper detection and protection."

Magnetoresistive memory, commonly known as MRAM, is an integrated-circuit memory which uses electron spin to store data.

The grant brings NVE's U.S. patent total to 50.

12/23/2008

NVE Corporation Reports Second Quarter Results - Still no MRAM news...

NVE reports their 2Q results. Total revenue for the second quarter of fiscal 2009 increased 14% to $5.73 million from $5.00 million in the prior-year quarter. The revenue increase was due to a 13% increase in product sales and a 24% increase in contract research and development revenue.

10/23/2008

NVE notified of MRAM patent grant

NVE Corporation has been notified by the U.S. Patent and Trademark Office of the expected grant today of two patents relating to spintronics.

06/24/2008

NVE Corporation Reports 4Q Results, no MRAM news

Total revenue for the fourth quarter of fiscal 2008 increased 33% to $6.05 million from $4.57 million in the prior-year quarter. The revenue increase was primarily due to a 35% increase in product sales to $5.67 million for the fourth quarter of fiscal 2008 from $4.19 million in the prior-year quarter. Net income for the fourth quarter of fiscal 2008 increased 45% to $2.25 million, or $0.47 per diluted share, compared to $1.55 million, or $0.33 per diluted share, for the prior-year quarter. Gross margin was 69% of revenue, operating margin 55%, pretax margin 59%, and net margin 37% for the quarter.

05/08/2008