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NVE Fact Sheet
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NVE Fact Sheet

OverviewNVE 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. The company 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. NVE has also licensed its 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 location 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  – IL500 series of spintronic couplers
2009  – Tunneling Magnetoresistive angle sensors
 – Supplier agreement with Phonak AG
2010  – Controller Area Network couplers
2011  – Long-term agreements with St. Jude Medical and Phonak AG
 – Anti-tamper MRAM shipments
 – Broke ground on a major production expansion
Major Product Lines  Spintronic sensors
 IsoLoop® Spintronic Couplers
Major Customers  Avago Technologies
 Phonak AG
 St. Jude Medical, Inc.
 U.S. Government
Key Distributors  Digi-Key
 Newark
 Hy-Line
 Rhopoint
Financial Highlights
(from our Annual Report on Form 10-K for the fiscal year ended 3/31/11)
 Product sales increased 15%
 Net income increased 11% to $2.76/share
 69% gross margin; 57% operating margin; 43% net margin
Awards and Accolades
<More>
 2011 North American Innovation of the Year (Frost & Sullivan)
 Top Product of the Year (Medical Product Manufacturing News)
 FSB 100—America’s fastest-growing small public companies (Fortune Small Business)
Rankings
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 #1Return on revenue among largest Minnesota-based publicly-traded companies (Star Tribune)
 #45Forbes 2010 list of America’s Best Small Companies
 #87  Star Tribune 100 Largest Minnesota-Based Publicly-Traded Companies
Stock Symbol
Nasdaq: NVEC
Shares Outstanding 4,776,198 shares outstanding as of June 20, 2011
Employees Approx. 58
Patents
<More Info>
 More than 50 issued U.S. patents
 Over 100 patents worldwide either issued, pending,
or licensed from others
FacilityEden Prairie, Minnesota
Approximately 21,000 square feet of laboratories, offices, and production
Headquarters11409 Valley View Road
Eden Prairie, MN 55344
(952) 829-9217
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