The results of testing confirmed 1000 x faster, 1000 x less power consumption and 100 times more endurance. This has also been verified by possible client that was supposed to have had the test mem for 6 months but verified it within 6 weeks exceeding expectations. Below from Q42020
Weebit continues to move closer to commercialisation and we now have funding to complete the embedded memory module and advance the development of a selector for the standalone memory market, with the aim of demonstrating our ReRAM cells working with the selector by Q3 2021.“Development work has resumed in China and South Korea and Weebit is making substantial technical and commercial progress with SiEn for embedded applications, and we are recommencing discussions with XTX Technology in the standalone memory market. Work with our research partner Leti in France has also resumed and we are working to minimise delays caused by country-wide COVID-19 shutdowns, noting that there remains the potential for additional delays should restrictions be re-introduced in relevant markets.“As we prepare to transfer our technology to a production fab, we are also actively engaging with other potential customers and industry partners within our two key market segments.”
food for thought
WBT Price at posting:
$1.90 Sentiment: Buy Disclosure: Held
(20min delay)