NVE CORP

NVE Corporation develops and sells devices that use spintronics, a nanotechnology based on electron spin for acquiring, storing, and transmitting information. The company manufactures high-performance spintronic products, including sensors and couplers, which are used to acquire and transmit data. NVE was founded in 1989 and is headquartered in a suburb of Minneapolis, Minnesota. Its common stock became publicly traded in 2000 and was NASDAQ listed in 2003. Since its founding, NVE has received more than $50 million in government research contracts, which have supported product development and intellectual property growth. The company's fiscal year ends on March 31. NVE focuses its spintronic technology on three applications: magnetic sensors, couplers, and memories. Sensors acquire information, couplers transmit information, and memories store information. Magnetic sensors are used for purposes such as detecting the position or speed of robotics and mechanisms, and for communicating with implantable medical devices. Couplers are widely used in factory automation for reliable digital communication between electronic subsystems, such as sending high-speed data between robots and central controllers. Near-term potential applications for MRAM (memories) include mission-critical storage for military, industrial, and anti-tamper uses, with long-term potential in high-density memory markets.