NVE Home > About NVE > Fact Sheet
 
NVE Fact Sheet
  About NVE
  Fact Sheet
  Corporate Identity
  Spintronics
  News Expand/Collapse
  Patents
  License Agreements
  Awards
  Glossary
  Fun Facts
NVE Fact Sheet

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
©1998 - 2008 NVE Corporation | Site Map | Legal/Privacy Notice | Contact Information