The NASDAQ-listed NRAN technology leading company, Everspin Technologies Inc. (NASDAQ: MRAM), was gaining on the charts Friday, up 7.48% to trade at $6.47 at last check in after-hours trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
When will MRAM provide the financial data?
On November 9, 2022, following the market close, Everspin Technologies (MRAM) will announce its financial results for the third quarter of 2022. On that day at 5:00 p.m. Eastern Time, Sanjeev Aggarwal, the president, and chief executive officer, and Anuj Aggarwal, the chief financial officer, would have a conference call to go through the company’s financial performance. On its website, Everspin Technologies will also stream the live conference call in the listen-only mode for investors.
MRAM struck a deal
With QuickLogic Corporation, Everspin Technologies will deliver Magnetoresistive Random Access Memory (MRAM) technology, design, and back-end manufacturing services (NASDAQ: QUIK). The original award may be worth $2.8 million, and additional options could increase the value to almost $8.7 million.
This is a portion of a grant to develop and demonstrate high-reliability Field Programmable Gate Array (FPGA) technology that is Strategic Radiation Hardened (SRH) to meet current and upcoming Department of Defense (DoD) strategic and space system needs. The Trusted and Assured Microelectronics (T&AM) Program of the DoD is funding this initiative.
Due to its durability and innate radiation immunity, spin-transfer torque MRAM technology is an excellent contender for radiation-hard FPGA devices. The business will collaborate with the other program partners to create reconfigurable FPGA technology for usage in challenging conditions. Everspin was the perfect partner for such a crucial project because of its history of producing reliable MRAM technology and products, which led QuickLogic to sign the partnership agreement with them.
How does MRAM still have an impact?
Strategic radiation-hardened and space applications have been utilizing Everspin MRAM IP and technology for more than ten years. By working with QuickLogic and immediately incorporating MRAM into the FPGA product, Everspin Technologies (MRAM) will expand its current market of standalone MRAM designs.
