NVE Corporation
11409 Valley View Road
Eden Prairie, MN 55344
http://www.nve.com
NVE is a pioneer in the development of sub-atomic RAM based on spintronics or “spin-based electronics,” a nanotechnology that uses the “spin” states of electrons at the quantum level to store and transmit data. The company’s efforts are based on two nano-sized “spin” structures: Giant Magnetoresistance (GMR) and spin-dependent tunnel (SDT) junctions.
NVE was incorporated in 1989 to pursue this nanotechnology, which provided the promise of being the next evolutionary step in electronic signal processing and storage. The company produces sensors, couplers and MRAM (magnetoresistive random access memory), it believes has the potential to revolutionize electronic memory.
As a leader in the field, the company holds 44 U.S. patents, the latest issued as of July 3, 2007, for a medical application incorporating multi functions on a single chip. NVE counts the world’s most prestigious high technology companies among its customers, including Agilent Technologies Inc. (NYSE: A), Cypress Semiconductor Corp. (NYSE: CY), the Defense Advanced Research Projects Agency (DARPA), the Missile Defense Agency (MDA) and the Office of Naval Research (ONR).
Small products, giant results. For the year ended March 31, 2007, NVE’s revenue was $16.46 million, up 35% from the year before. The company earned a full dollar per share, up 161% from 2006. Analysts see revenues of near $20 million and earnings of $1.30 per share for 2008. That’s big.