NVE Corporation is Launched.Business Editors EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Nov. 27, 2000 The shareholders of Premis Corporation, a publicly traded corporation, and Nonvolatile Electronics, Inc., a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , have approved the merger of the two companies. The surviving public company is NVE NVE see no visible estrus. Corporation and its Board of Directors will be the previous Nonvolatile Electronics, Inc. Board of Directors. Dr. James Daughton, Chairman and President of NVE stated, "NVE is pleased that the merger with Premis Corporation has been completed. The new NVE should now be stronger and better able to develop and market its products in its fast growing and competitive marketplace. NVE will be better positioned to build value for its shareholders." He went on to say, "The dedicated employees of NVE, its management and its Board are committed to the future success, growth and profitability of NVE." "This merger will give us greater access to the equity market and recognition in the financial community for our strong leadership position in applying Giant Magnetoresistive (GMR (Giant Magnetoresistance) See magnetoresistance. ) materials and Magnetic Tunnel Junction (MTJ) devices to magnetic sensors, isolators and Magnetoresistive Random Access Memory This article contains information about scheduled or expected . It may contain preliminary or speculative information, and may not reflect the final specification of the product. (MRAM (Magnetic RAM) A non-volatile, random access memory technology that is designed to initially replace flash memory and, potentially, DRAM memory. MRAM uses magnetic, thin film elements on a silicon substrate that can be built on the same chip with the logic circuits. ). Our customers are recognized leaders in their fields and are using these technologies in next generation products. Today, our products are being applied in the industrial automation, telecommunications, medical, automotive, biomedical, military and aerospace markets." NVE Corporation is an ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified electronics component manufacturer located in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. specializing in the combination of magnetically sensitive materials with integrated circuits. It currently has 15 issued US Patents and 2 foreign patents with additional patents pending. Further information on NVE Corporation and its products can be obtained from NVE at 11409 Valley View Road, Eden Prairie, MN 55344-3617, (952) 996-1636, FAX (952) 996-1600, email: investor@nve.com or visit its web site: www.nve.com. Information regarding the exchange of Premis stock as well as the new stock exchange symbol will be posted on the NVE web site, as that information becomes available. |
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