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Weebit to miniaturise disruptive computer memory solution

Perth-listed technology company Weebit Nano is advancing towards a key milestone in the development its unique memory storage solution, with the company embarking on a miniaturisation of its proprietary “ReRAM SiOx” memory technology.

The ASX junior said this week it had started the miniaturisation process on its potentially revolutionary ReRAM technology as it works towards rolling out a 40 nanometer ReRAM Silicon Oxide cell by the end of 2017.

A 40nm ReRAM prototype would mark a significant step forward for Weebit because it represents a suitable size for use in advanced and ubiquitous devices such as “Solid State Drive” storage solutions including smartphones.

Weebit’s plan is to transform memory storage with ReRAM which is faster, less costly and needs less energy than current storage methods. Potential applications include smart cars, the Internet of Things and artificial intelligence, where there is a demand for high-performance, low energy memory.

Weebit Chief Executive Yossi Karat said: “This is yet another exciting step for us. We are very proud of the progress Weebit Nano has made to date and of our ability to achieve our milestones on schedule.

“We are now entering the exciting phase of ‘miniaturisation’, where we scale down our Silicon Oxide ReRAM technology to a size that is relevant to the market. Given Weebit’s ReRAM is made of fab-friendly Silicon Oxide material, it allows us to rapidly execute, without the need for special preparations and cross contamination precautions.”

The miniaturisation process will take place at the facilities of French collaborator, leading microelectronics research institute Leti, where Weebit recently concluded successful electrical tests, management said.

Weebit completed a reverse takeover of Perth-based explorer Radar Iron in 2016 to list on the ASX and plans to bring its first device to market in 2020.

The company's point of difference is that their ReRam memory solution is made of silicon, a product that is already used by the semi-conductor manufacturers, making it vastly easier for major industry players to switch to Weebit’s technology without the need for wholesale changes to their production lines.

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Weebit-Nano (WBT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
41stWeebit-Nano247%19%
144thUltima United90%5%
271stEve Investments33%16%
597thUltracharge-18%2%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

07/11/17
$50k Bought
17/10/17
$27k Sold
17/10/17
$54k Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

183rd↓Weebit-Nano$105k
206th↓Ultracharge$3k
207th↓Ultima United$2k
209th↓Eve Investments$245
210th↓Mission NewEnergy$5
239 listed industrial companies ranked by revenue.
Source: Morningstar

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