Mid-Fourth Quarter Update for Simtek Corporation.COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. -- Simtek Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : SRAM See static RAM. SRAM - static random-access memory ): --Customer orders and backlog strengthening --Distribution channel orders increasing --Yield improving and manufacturing cost on 1 Megabit dropping --Cost reduction move "offshore" progressing --0.13u milestones on schedule with Cypress --0.25u wafer price reduction as part of full qualification --Revenue growth seen for fourth quarter over third quarter 2005 --Production output should meet customer demand --On-time delivery showing consistent improvement Simtek Corporation (OTC Bulletin Board: SRAM), the inventor, pioneer, and world's leading supplier of advanced monolithic nonvolatile static random access memory Static random access memory (SRAM) is a type of semiconductor memory. The word "static" indicates that the memory retains its contents as long as power remains applied, unlike dynamic RAM (DRAM) that needs to be periodically refreshed (nevertheless, SRAM should not be confused with (nvSRAM) integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. released its mid-fourth quarter update. To date in the fourth quarter: --New orders in October exceeded any other "first month" of any quarter this year and are on pace to be the best quarter of the year --Volume of legacy devices continue to increase and are on pace for a best quarter of the year --Probe yields are steadily improving on 1 Megabit devices and manufacturing costs have been reduced by more than 65% from second quarter --First "test" silicon has been received on the 0.13 micron development with Cypress with a variety of test structures and is proceeding on schedule --On-time delivery performance has improved by more than 15% on legacy devices and more than 50% on 1 Megabits during the last two quarters "As in the third quarter, factory support for customer demand is improving. Fourth quarter should show sustained growth above the second to third quarter rate. With growth in bookings Simtek is positioned for steady growth into 2006 in the range of 40% to 50% or more," said Harold Blomquist. "Production output should exceed customer demand on high volume products and wafer starts are projected to support customer demand into 2006. To this point, orders are ahead of any prior quarter this year with October being the second largest in the year and November projected to be even higher. Backlog is building for scheduled delivery on both legacy and 1 Megabit devices for first quarter 2006. Orders from the distribution channel have resumed at a brisk clip." About Simtek Corporation Simtek Corporation designs and markets high-speed, re-programmable, nonvolatile semiconductor memory products, for use in a variety of systems including RAID servers, high performance workstations, GPS navigational systems Noun 1. navigational system - a system that provides information useful in determining the position and course of a ship or aircraft Global Positioning System, GPS - a navigational system involving satellites and computers that can determine the latitude and , robotics, copiers and printers, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. . Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-KSB and subsequent Form 10-Q Form 10-Q See 10-Q. and Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filings. |
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