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Technology Stocks : Micromem Technologies ***MAG-RAM*** ( MMTI)
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To: wily who wrote ()4/3/2000 10:51:00 AM
From: rushnomore  Read Replies (1) of 95
 
From the Los Angeles Times, Monday, April 3, 2000

'Instant-On' Memory Device May Give Hard Drive the Boot

By LEE DYE

ÿÿÿÿÿA radical new magnetic memory device that could eliminate the need for hard drives and provide "instant-on" capabilities for a wide range of consumer products has moved closer to the production line.
ÿÿÿÿÿOne major advantage of the new technology is the memory system is nonvolatile, meaning it does not lose its contents when the power is turned off. Thus there is no need for a hard drive to "refresh" the cells in the memory device, eliminating the need to reboot a computer every time it is turned on.
ÿÿÿÿÿThe technology is purely electronic, thus eliminating the mechanical features that can lead to failures with hard drives. And the potential for memory storage is enormous.
ÿÿÿÿÿ"We anticipate we can put 400 gigabits in a square inch," said solid state physicist Gary Prinz of the Naval Research Laboratory, which has just contracted with a pioneering Minnesota firm to move the technology from the lab to the production line.

(...clip...)

ÿÿÿÿÿThe Navy has contracted with the small Minnesota firm of Nonvolatile Electronics Inc. to develop the technology to produce the devices on a commercial scale. The company was founded in 1989 by James Daughton, who pioneered the field with Honeywell, and it has already carved out a sizable market for magnetic sensors and other devices based on similar technology.

See the whole story at latimes.com;

This is a privately held company. Their web site is nve.com
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