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Simtek Expands Sales Channels in Australia and New Zealand Through Agreement with Allyanz
New Distribution Agreement Broadens Availability of Simtek Products in Pacific Rim
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Simtek Corporation (NASDAQ:SMTK - News), the inventor, pioneer, and world’s leading supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced an agreement with Melbourne-based Allyanz, a specialist electronic component distributor focused on key market segments in Australia & New Zealand.
Allyanz is based in Melbourne, Australia and specializes in semiconductor and display solutions. By selectively partnering with design-focused suppliers, Allyanz strives to deliver technology and valuable engineering support to its customers throughout Australia and New Zealand. Allyanz enables its customers to develop globally competitive end products in Australia & New Zealand by supporting their designs with differentiated electronic components, irrespective of where their final production location is.
“We are pleased to continue expanding our presence in the Pacific Rim through this new agreement with Allyanz,” said Steve Hayes, Simtek vice president of worldwide sales. “With the addition of this respected OEM partner, we hope to continue our momentum of expansion into both new market segments and geographies.”
“We are very pleased to be partnered with Simtek, and look forward to supporting our customer designs with Simtek’s unique NV SRAM solutions,” said Daud Ally, General Manager, Allyanz. “We are confident that Simtek’s unique technologies will exceed our customers expectations by giving them a real world alternative to what were in the past multi-component, battery-backed memory solutions.”
About Simtek Corporation
Simtek Corporation designs and markets "NV + fast SRAM" nonvolatile semiconductor memory products for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado.
About Allyanz Electronic Components
Allyanz is a specialist distributor that selectively partners with design-focused suppliers. The Company has a clear strategy to build long-term relationships with customers and supplier partners. Allyanz supplies electronic components to customers in the automotive, medical, communications, industrial, and defense industries across Australia & New Zealand. The Company is headquartered in Melbourne, Australia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.
Contact:
Simtek Asia Pacific
Jeremy Cowx, Director, APAC Sales, +81-52-951-7686
cowx@simtek.com
or
Simtek Investor Relations
MKR Group, Inc.
Marie Dagresto or Todd Kehrli, 323-468-2300
smtk@mkr-group.com