Perth-listed technology company Weebit Nano has hit a major milestone in the development its revolutionary flash memory storage technology known as “ReRAM Si0x”
The company recently announced that electrical tests being conducted in Europe had been successful on the potentially game-changing memory technology.
The ASX junior said on Thursday that the pleasing electrical results followed extensive testing on critical memory parameters such as programming and erase voltage, carried out at the facilities of French collaborator and leading microelectronics research institute Leti.
The results augur well for Weebit Nano’s proprietary ReRAM SiOx technology according to management and are a significant leap forward in confirming its viability.
Weebit Nano is confident that ReRAM has the capacity to transform memory storage markets due to it being exponentially faster, cheaper and needing less energy than current storage methods used in everything from smartphones to lap tops to massive data centres.
Weebit Nano chief executive Yossi Keret said: “We are very pleased with the results achieved with our technology partner, Leti. These results represent a significant milestone for us and are a testament to our productive partnership with Leti.
“We are now able to move forward with our mid term plans of scaling down our ReRAM technology towards the miniaturisation target of 40nm. The achievement of this target will bring us closer to commercialisation.”
Weebit Nano, which completed a reverse takeover of Perth-based explorer Radar Iron in 2016 to list on the ASX, is at the forefront of ReRAM and with world memory storage use growing significantly every year it is seeking to cash in on the US$37 billion industry.
Whilst the Re-Ram memory revolution appears unstoppable now, Weebit’s principal advantage is that their Re-Ram solution is made using Silicone-Oxide.
The use of Silicone is significant because existing semi-conductor chip manufacturers around the globe already use silicone and would not need to completely re-tool their production lines if they were to switch to Weebit’s technology.
Weebit have managed to attract the former Global Vice President of the giant Intel Corporation, David Perlmutter to Chair the company. He was directly responsible for bringing a host of intel products to market during his 34 year tenure at Intel.
No doubt Perlmutter will be starting to warm up some of his old market contacts following on from the release of Weebit’s latest successful testing results.
By Matt Birney
