Everspin Announces Commercial Availability of Its EMxxLX STT-MRAM Devices

Chandler, Arizona. – (work wire) – Everspin Technologies, Inc. (NASDAQ:MRAM), the world’s leading developer and manufacturer of anti-magnetic fixed memory (MRAM) solutions, today announced its latest high-density STT-MRAM family of products, the EMxxLX, now available commercially. EMxxLX technology, announced earlier this year, is the highest performing fixed memory available today. It is ideal for use in electronic systems where data persistence and integrity, low power, low latency, and security are critical, such as industrial Internet of Things, network/enterprise infrastructure, process automation and control, aviation/avionics, medical, gaming, and FPGA configurations.

EMxxLX offers the industry’s first xSPI serial interface based on Everspin’s unique STT-MRAM technology. It is the only commercially available permanent memory with a full read and write bandwidth of 400MB/s over eight input/output signals with a clock frequency of 200MHz. The range of low-power devices offers the highest combination of performance, endurance, and retention available and is offered in densities ranging from 8 to 64 Mbit. The EMxxLX family can replace alternate solutions, such as SRAM, BBSRAM, FRAM, NVSRAM and NOR flash devices.

“In the rapidly growing industrial IoT and embedded systems markets, customers, more than ever, need to protect critical system data in all circumstances, particularly in the event of a power loss and without worrying about corrosion or data integrity issues,” said Sanjeev. and CEO of Everspin Technologies. “Our EMxxLX MRAM hardware delivers SRAM-like performance with low latency, maintains memory without the need for power, and has extremely high endurance. In addition, it is compatible with other memory types and is easy to design.”

STT-MRAM technology is less susceptible to radiation effects than other fixed memories. The EMxxLX family of products is suitable for aerospace applications due to its high reliability, excellent endurance and fast write speeds.

“Airbus has used Everspin’s MRAM products in several critical systems, and we look forward to benefiting from the improved performance and density of the EMxxLX products,” said Stefan Rowe, Airbus Instrumentation Electronics Engineer.

About STT-MRAM Technology

Everspin’s unique STT-MRAM technology is optimized to withstand the harsh demands of industrial systems. It delivers high speed with a low-tooth SPI-compliant bus interface with a clock frequency of up to 200MHz and a single 1.8V power supply.

It has a very high write cycle endurance, so designers don’t need to worry about memory wear over the life of the product. Data is kept for more than ten years at 85°C and more than 100 years at 70°C. With write speeds over 1,000 times faster than most NOR Flash memories, STT-MRAM can accelerate FPGA configuration times, allowing for low-power, over-the-air system and code updates, and standardizing code and data storage needs into a single memory device.

EMxxLX devices are now in production and can be purchased from Everspin directly or through the Everspin distributor network.

About Everspin Technologies

Everspin Technologies, Inc. is the world’s leading provider of magnetic resistive random access memory (MRAM). Everspin MRAM delivers the industry’s most powerful, highest-performing, non-volatile memory for industrial Internet of Things, data centers, automotive, and other mission-critical applications where data persistence is critical. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse client base. www.everspin.com.

Cautionary statement regarding forward-looking statements

Statements in this press release regarding future events or results are forward-looking statements that involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, but not limited to, the risks set forth in the caption “Risk Factors” in Everspin’s Annual Report on Form 10-K for the year ended December. 31, 2021 to the SEC on March 3, 2022, and Everspin’s quarterly report on Form 10-Q for the quarter ending September 30, 2022 was submitted to the SEC on August 8, 2022, as well as in subsequent Everspin filings with the SEC. Any forward-looking statements made by Everspin in this press release speak only as of the date they were made and subsequent events may cause these expectations to change. Everspin disclaims any obligation to update or change these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

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