EDEN PRAIRIE, Minn.November 7, 2018NVE Corporation announced that
the company has earned a letter of conformance in accordance with the automotive
certification scheme for IATF 16949.
NVE Corporation Awarded IATF 16949 Letter of Conformance
The letter certifies that NVE has established and applies a Quality Management
System for Design and Manufacturing of semiconductor magnetic sensors and isolator
components for the automotive industry.
IATF 16949 conformance is an important element of our automotive strategy,
said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.
NVE is a leader in the practical commercialization of spintronics, a nanotechnology
that relies on electron spin rather than electron charge to acquire, store and
transmit information. The company manufactures high-performance spintronic products
including sensors and couplers that are used to acquire and transmit data. NVE
has also licensed its spintronic magnetoresistive random access memory technology,
commonly known as MRAM.
Statements used in this
press release that relate to future plans, events, or performance are forward-looking
statements that are subject to certain risks and uncertainties including, among
others, risks and uncertainties related to future sales and revenue as well as
the risk factors listed from time to time in our filings with the SEC, including
our Annual Report on Form 10-K for the fiscal year ended March 31, 2018 and
other reports filed with the SEC.