| 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. in Edina, Minn. |
|
| 1990 |
– |
First government contracts
(from the National Science Foundation and U.S. Navy) |
|
| 1993 |
– |
First patent (“Offset magnetoresistive memory structures”) |
|
| 1994 |
– |
First commercial spintronic sensors |
|
| 1995 |
– |
MRAM Patent License Option Agreement with Motorola |
|
| 1998 |
– |
Moved into a portion of current building in Eden Prairie, Minn. |
|
| 2000 |
– |
Formal name changed to NVE Corporation |
| |
– |
Introduced spintronic couplers |
|
| 2001 |
– |
Distribution agreement with Digi-Key |
| |
– |
Pioneer MRAM patent (“Spin-dependent tunneling memory”) |
|
| 2002 |
– |
Expanded into entire building at current location |
|
| 2003 |
– |
NASDAQ listed (initial price of $7.85 per share) |
|
| 2004 |
– |
Initial orders from Starkey Laboratories |
|
| 2006 |
– |
St. Jude Medical Supplier Partnering Agreement |
|
| 2007 |
– |
Newark distribution agreement |
|
| 2008 |
– |
Introduced IL500 series of spintronic couplers |
|
| 2009 |
– |
Introduced TMR angle sensors |
| |
– |
Supplier agreement with Phonak AG |
|
| 2010 |
– |
Introduced Controller Area Network couplers |
|
| Major Product Lines
|
 Spintronic GMR magnetic sensors
IsoLoop® Spintronic Couplers |
| Major Customers |
Avago Technologies
Phonak AG
St. Jude Medical, Inc.
The U.S. Government |
| Key Distributors |
Digi-Key
Newark
Hy-Line
Rhopoint |
Recent Awards
and Accolades
<More> |
2009 Top Product of the Year (Medical Product Manufacturing News)
Top 10 Small Public Companies in America for 2009 (Forbes)
2009 FSB 100—America’s fastest-growing small public companies (Fortune Small Business) |
Financial Highlights
(Summarized from our Annual
Report on Form 10-K for the fiscal year ended 3/31/09)
|
Revenue increased 14% to $23.4 million
Net income increased 36% to $2.04 per diluted share
71% gross margin, 57% operating margin, and 42% net margin
Operating income increased nearly ten fold from fiscal 2005 |
Stock Symbol
|
Nasdaq: NVEC |
| Shares Outstanding |
4,700,583 as of January 15, 2010 |
| Employees |
Approx. 50 |
Patents
<More Info>
|
More than 50 issued U.S. patents
Over 100 patents worldwide either issued, pending,
 or licensed from others |
| Facility |
Eden Prairie (Minneapolis), Minnesota
Approx. 21,000 square feet of laboratories, offices, and production |
| Headquarters |
11409 Valley View Road
Eden Prairie, MN 55344
(952) 829-9217 |
