Everspin’s PERSYST 1 Gigabit STT-MRAM Chosen by IBM for Next-Generation FlashCore Modules, Enhancing Data Reliability
CHANDLER, Ariz. - Everspin Technologies, Inc. (NASDAQ: MRAM), the global leader in the development and manufacturing of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, proudly announces that IBM has selected the PERSYST EMD4E001G 1Gb STT-MRAM for integration into their cutting-edge FlashCore Module 4. This high-performance persistent memory solution offered by Everspin ensures the integrity of critical data, even in the event of power loss. With its DDR4 interface, the module provides an impressive bandwidth of 2.7 gigabytes per second for both read and write operations.
The partnership between Everspin and IBM highlights the shared commitment to pushing the boundaries of technological advancements in the field of data storage. Everspin’s PERSYST EMD4E001G 1Gb STT-MRAM stands out as a reliable storage solution, enhancing data reliability and safeguarding against potential power interruptions. This strategic collaboration further underscores the industry’s recognition of Everspin as the go-to provider for MRAM solutions.
The inclusion of Everspin’s STT-MRAM technology within IBM’s FlashCore Module 4 represents a significant boost in performance and resilience. By incorporating this state-of-the-art persistent memory, users can experience enhanced data handling capabilities that bridge the gap between volatile and non-volatile memory solutions.
Moreover, Everspin Technologies Inc.’s latest financial report showcases their continued growth and stability. Revenues of the company’s suppliers witnessed a slight decline of 4.96% when compared to the same quarter from the previous year. However, sequentially, sales experienced a modest increase of 0.23%. In terms of cost of sales, Everspin Technologies Inc.’s figures deteriorated by 4.41% year on year, though cost of sales remained steady in Q3 compared to the previous quarter.
In conclusion, Everspin’s collaboration with IBM to integrate their PERSYST EMD4E001G 1Gb STT-MRAM into FlashCore Module 4 is a milestone achievement in the realm of persistent memory solutions. With its superior reliability and impressive bandwidth, this advanced MRAM technology paves the way for future advancements in the data storage industry.
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