MRAM Related Invention Looking For Funding Or Buyout

We've been approached by "VCPartners" who have an MRAM related invention and are looking to sell it or get funding. The invention is titled "HIGH SPEED MAGNETIC RANDOM ACCESS ELECTRONICALLY CONTROLLED MEMORY" and here's their abstract:

There is presented the principally new magnetic core memory device (hereinafter MD) with use of new principle of memory control, which allows to create fully featured high-speed operative memory with random access on magnetic elements with several unique characteristics.
Feasibility and efficiency of the technology is proved experimentally. We have the working model of MD according to the invention. The invention exists in form of “know-now” and has no patent protection. We want to commercialize the invention together with interested companies or to sell it.

Posted: Oct 02,2008 by Ron Mertens