Everspin Technologies, Inc. (NASDAQ:MRAM) Q3 2023 Earnings Call Transcript

Page 4 of 4

Orin Hirschman: Which one? Is this second one though for commercial use or governmental use?

Sanjeev Aggarwal: They are both for government use, Orin.

Orin Hirschman: And I know you’d mentioned before you’re working with some of the commercial FPGA vendors on commercial products. Any progress there on the instant-on application?

Sanjeev Aggarwal: So the other solutions that we’re looking at for the FPGA was basically to replace the traditional NOR Flash memory

Orin Hirschman: Yes.

Sanjeev Aggarwal: But there’s STT-MRAM 64 meg and 16 megs that we brought out and that work is ongoing.

Orin Hirschman: Okay. Thanks so much.

Sanjeev Aggarwal: Sure.

Operator: Thank you. [Operator Instructions] Yes, I don’t see any further questions in the queue. I will pass it back to Anuj Aggarwal for his final comments.

Anuj Aggarwal: With that said, we conclude today’s call. Thank you all for joining us and we look forward to updating you on our progress next quarter. Thank you.

Operator: Thank you everyone for participating and you may now disconnect.

Follow Everspin Technologies Inc (NASDAQ:MRAM)

Page 4 of 4