Everspin signs $9.25M joint development deal with Frontgrade for radiation-hardened MRAM

EVERSPIN TECHNOLOGIES INC.

Contract with Frontgrade Colorado Springs for SRH high-reliability eMRAM macro for aerospace/defense.
Total potential value up to $9.25M across multiple phases; current phase $1.25M.
Everspin provides PERSYST MRAM tech, logic design, and back-end-of-line manufacturing.
Manufactured via Skywater RH90 CMOS in MN and Everspin's MRAM process in Chandler, AZ.
Term is 5 years with automatic one-year renewals; IP developed is owned by Frontgrade.

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