| Overview |
NVE Corporation develops
and sells devices that use spintronics, a nanotechnology that relies on
electron spin rather than electron charge to acquire, store and transmit
information. We make spintronics practical by manufacturing high-performance
products including sensors and couplers that are used to acquire and transmit
data in industrial, scientific, and medical applications. We have also
licensed our spintronic magnetoresistive random access memory technology,
commonly known as MRAM. |
| Historical Highlights |
1989 — Founded
as Nonvolatile Electronics, Inc.
1993 — First patent (“Offset magnetoresistive memory structures”)
1995 — MRAM Patent License Option Agreement with Motorola
2000 — Formal name changed to NVE Corporation
2001 — Introduced spintronic couplers
2001 — Distribution agreement
with Digi-Key
2001 — Pioneer MRAM patent (“Spin-dependent
tunneling memory”)
2003 — NASDAQ listed (price of $7.85 per share)
2004 — Initial spintronic sensor order from Starkey Laboratories
2006 — Supplier Partnering Agreement with St. Jude
Medical
2007 — Distribution agreement with Newark InOne |
| Patents |
 48 issued U.S. patents as of June 24, 2008
Over 100 patents worldwide either issued, pending,
 or licensed from
others |
| Licensees |
Agilent Technologies, Inc.
Cypress Semiconductor Corporation
Honeywell International Inc.
Motorola, Inc. |
Key U.S. Government
Contracting Agencies |
Defense Advanced Research Projects Agency (DARPA)
Missile Defense Agency (MDA)
NASA
National Science Foundation (NSF)
Office of Naval Research (ONR) |
| Key Distributors
|
Digi-Key
Newark InOne
Hy-Line
Rhopoint |
| Major Product Lines
|
Spintronic GMR magnetic sensors
IsoLoop® Spintronic Couplers |
Financial Highlights
(Summarized from our Annual
Report on Form 10-K for the fiscal year ended 3/31/08)
|
Fiscal 2008 product sales increased 28% to $18.5
million
Fiscal 2008 EPS up 51% to $1.51 per diluted share
or $7.2 million
54% pretax margin
Product sales more than doubled from fiscal 2006
to 2008
Earnings more than tripled from fiscal 2006 to
2008 |
Stock Symbol
|
Nasdaq: NVEC |
| Shares Outstanding |
4,644,083 shares outstanding
as of June 13, 2008 |
| Employees |
Approx. 50 |
| Facility |
Eden Prairie (Minneapolis),
Minnesota
Approx. 21,000 square feet of laboratories, offices, and production |
| Headquarters |
11409 Valley
View Road
Eden Prairie, MN 55344 |
