Weebit Nano Ltd (ASX: WBT) today released its activity report...

Weebit Nano Ltd (ASX: WBT) today released its activity report for the quarter ended 30 June 2023 (Q4 FY23), along with the Company’s Appendix 4C cash flow report.

Key highlights for Q4 FY23:

• Fully qualified Weebit ReRAM IP at industrial temperatures in SkyWater Technology’s S130 process
• Discussions and evaluations ongoing with multiple leading fabs and potential customers; initial revenues expected in 2023
• Strengthened leadership team with Lilach Zinger appointed Director of Foundry/IDM Business Development
• Raised A$15 million via an upsized and strongly supported Share Purchase Plan (SPP)
• Established Board sub-committees in line with best practice governance

Commenting on Q4 FY23, Weebit CEO Coby Hanoch said: “Weebit Nano has had a strong finish to the 2023 financial year, successfully completing the last key technical milestone before commercialisation at SkyWater, with full qualification of our embedded ReRAM in SkyWater Technology’s 130nm CMOS (S130) process. As the global leading independent provider of ReRAM, we’re also making significant progress in our negotiations and evaluations with many of the world’s leading foundries, integrated device manufacturers (IDMs) and semiconductor companies. We expect to sign licensing agreements with at least one of these in the coming months, followed by initial revenues this calendar year.”

Attached is the ASX release.

Investor briefing details for August
CEO Coby Hanoch is in Australia next week and will be hosting retail investor briefings in Sydney (31 Jul – 1 Aug), Melbourne (2 Aug), and Perth (3 Aug). Coby will provide an update on the Company’s quarterly activities and outlook at the sessions, as well as take questions from attendees. Details are as follows:

• Sydney briefing (in-person and virtual)
  • Date: Tuesday 1 August
  • Time: 9:00-10:00am (AEST)
  • Location: Level 61, Governor Phillip Tower, 1 Farrer Place, Sydney
  • Virtual registration link: https://aukwm.zoom.us/meeting/register/tZIuc--hqD4uG9Xapn4lry4zFeetS_HX3pcp
• Melbourne briefing (in-person)
  • Date: Wednesday 2 August
  • Time: 12:00-1:00pm (AEST)
  • Location: Level 27, Collins Arch, 447 Collins Street, Melbourne
• Perth briefing (in-person) [note: event at capacity; waiting list only]
  • Date: Thursday 3 August
  • Time: 12:30-1:30pm (AWST)
  • Location: The Vault @Riff, 45 St Georges Terrace, Perth

In order to attend, you must RSVP to Clare Elsworth at: [email protected]. Places are limited.