NVE Notified of Grant of Patent Relating to Magnetothermal MRAM

Apr 04, 2006, 01:00 ET from NVE Corporation

    EDEN PRAIRIE, Minn., April 4 /PRNewswire-FirstCall/ -- NVE Corporation
 (Nasdaq:   NVEC) 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 patent is number
 7,023,723 and is the grant of a patent under the application published by the
 U.S. Patent and Trademark Office as number 2004-0125673. 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.
     MRAM is a revolutionary integrated-circuit memory fabricated with
 nanotechnology that uses electron spin to store data. MRAM has been called the
 ideal memory because it has the potential to combine the speed of SRAM, the
 density of DRAM, and the non-volatility of flash memory.
     Magnetothermal MRAM uses a combination of ultra-fast magnetic fields and
 heat pulses, both from electrical current, to reduce the energy required to
 write data and allow reduction of the memory cell size while maintaining
 thermal stability. Thus magnetothermal MRAM has the potential to enable low
 power, dense MRAM.
     "Magnetothermal MRAM could be the MRAM of the future because it promises
 to reduce both cell size and write current," said NVE President and CEO Daniel
 A. Baker, Ph.D. "This patent grant strengthens our magnetothermal MRAM
 intellectual property portfolio."
     The grant will be NVE's thirty-sixth issued U.S. patent. The company has
 more than 100 patents worldwide either issued, pending, or licensed from
 others. Links to the new patent as well as NVE's other U.S. patents can be
 found at the "About NVE" section of the company's website
 ( http://www.nve.com ).
     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 sensors and couplers to revolutionize data sensing and
     Statements used in this press release that relate to future plans, events,
 financial results or performance are forward-looking statements that are
 subject to certain risks and uncertainties including, among others, such
 factors as uncertainties relating to MRAM production by our licensees, risks
 in the enforcement of our patents, uncertainties in the rate of adoption of
 technology, as well as the risk factors listed from time to time in our
 filings with the SEC, including our Annual Report on Form 10-KSB and other
 reports filed with the SEC.

SOURCE NVE Corporation