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  • 9 November 2016 11:20

Weebit Nano: Significant Progress in Leti Collaboration Project

Weebit Nano announces significant progress towards the first development milestone in the collaboration project between Weebit Nano and Leti.

  • Significant progress has been made toward the first development milestone under the Weebit Nano/Leti SiOx collaboration project
  • Initial project experiments confirm Weebit’s unique process utilising nano-porous SiOx is reproducible
  • The results are a positive step towards achieving the next milestone of the project
  • A detailed report on the development and optimisation of the technology is expected in the first quarter of 2017

    Nov. 9, 2016 – Weebit Nano Ltd [ASX: WBT] is pleased to announce that significant progress has been made towards the first development milestone in the collaboration project between Weebit Nano and Leti, an institute of CEA Tech, announced on Sept. 7, 2016.

    The SiOx ReRAM memory technology (“SiOx”) has been transferred from Rice University’s facilities in Houston, Texas USA, to Leti’s pre-industrialisation facility in Grenoble, France.

    Importantly, the initial SiOx experiments at Leti’s pre-industrialisation facility confirm that Weebit’s unique nano-porous SiOx process is reproducible. This is a critical marker in determining that the technology is working as expected. This development has been achieved within the projected timeframe and marks an important step towards developing a stable manufacturing process.

    These results are a positive step towards achieving the primary milestone of the project, which is the development of a 1,000 bit array, followed by the development of a 1-million-bit array, which Weebit expects will demonstrate the ability to produce memory components for mass-storage applications.

    To this end, Weebit, Leti and Rice University are scheduled to meet later this week to discuss the project. This meeting will assist in the technology transfer process and will aid in expediting the development of the technology.

    Leti is expected to release a detailed report on the development process and optimisation of the technology in the first quarter of 2017. The report will outline plans to continue the development of the SiOx technology towards the creation of a 40nm ReRAM cell, which is expected in late 2017. Weebit believes that achieving this milestone will open discussions with leading players in the semiconductor industry and pave the way towards commercialisation.

    CEO Yossi Keret stated, “After only two months, the initial results from our collaboration with Leti are very promising. We are very impressed with Leti’s technical expertise and the progress that has been made towards the delivery of our SiOx in a stable and reproducible manner. We are looking forward to providing further updates as soon as they are available.”

    About Weebit

    Weebit is a world leader in developing ReRAM, an emerging technology that will provide the next generation memory solutions, replacing existing Flash technology. ReRAM combines the advantages of both RAM and Flash. It is non-volatile, extremely fast, and shows potentially better endurance than Flash even after many Program/Erase cycles. By using Silicon Oxide, Weebit plans to provide a reliable highly cost effective next generation memory solution. For more information please visit http://www.weebit-nano.com/

    Media contact
    Media & Capital Partners
    Ben Grubb
    ben.grubb@mcpartners.com.au
    D. +61 414 197 508

    Investor Relations contact
    Armada Capital
    Michael Shaw-Taylor
    michael.shaw-taylor@armadacapital.com.au
    D. +612 9276 1203
    M. +61 477383 390

    Weebit contact
    Yossi Keret
    yossi@weebit-nano.com
    M. +972 54 8008 404

    Caution regarding forward looking information

    Certain statements made in this release are forward looking-statements. These forward include but are not limited to statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and research technologies. Forward looking statements can generally be identified by the use of forward looking words such as ‘anticipate’, ‘believe’, ‘may’, ‘will’, ‘expects’, ‘plans’, ‘intend’, ‘likely’ and other similar expressions. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. We caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect our view only as at the date of this release. We assume no obligation to update these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.

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