4th Feb 2016 07:54
LONDON (Alliance News) - Allied Minds PLC on Thursday said its subsidiary Spin Transfer Technologies Inc has successfully demonstrated its Spin Transfer Magneto-Resistive Random Access Memory technology through the production of a working prototype device.
The capital investment firm said the prototypes incorporate proprietary, performance-enhancing 'spin-filtering' technology, and that ST-MRAM was able to demonstrate that it delivers fully operational integrated memory functionality.
ST-MRAM is an alternative to current memory technologies such as Flash and Dynamic and Static Random-Access Memory. It delivers the benefits of high-speed volatile memory and non-volatile memory in one solution, making it ideal for a range of target markets including mobile devices, data storage systems, industrial, automotive and cache memory, Allied Minds said.
"This is a fantastic achievement for Spin Transfer Technologies. They have successfully demonstrated that they have created a new solution that brings performance advantages to the global memory market. STT is one of our most valuable subsidiaries and today's milestone of a functioning prototype is a critical step in bringing the technology to market," Allied Minds Chief Executive Chris Silva said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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