MRAM is a revolutionary memory that uses electron spin to store data. On January 27, 2005 Cypress announced it had provided fully functional 256- kilobit alpha samples.

NVE President and CEO Daniel A. Baker, Ph.D., said: "These are remarkable devices, and we congratulate the talented Cypress team led by Jeff Kaszubinski on an impressive accomplishment."

"We see MRAM as the answer to a critical need in semiconductor memory applications-a single-chip, fast write, low power, fail safe, high-reliability nonvolatile memory," commented Jeffrey K. Kaszubinski, president and CEO of Cypress' Silicon Magnetic Systems subsidiary company. "The technology developed by NVE Founder Dr. James Daughton and others at NVE was important to us in reaching this milestone."

NVE is a leader in the practical commercialization of spintronics, a nanotechnology that many experts believe represents the next generation of microelectronics. NVE licenses its MRAM intellectual property and sells spintronic products, including sensors and couplers, to revolutionize data sensing and transmission.

Source: NVE Corporation

CONTACT: Richard L. George, Chief Financial Officer of NVE Corporation,
+1-952-829-9217

Web site: http://www.nve.com/