Crocus and Kintech Sign Agreement to Perform Nanotechnology R&D in Russia

SANTA CLARA, Calif., March 13, 2012 /PRNewswire/ -- Crocus Technology, a leading developer of magnetically enhanced semiconductors, today announced that it has signed a research and development agreement with Kintech Lab, a leading research company in Russia, specializing in the development of advanced methodologies and multi-scale software tools for modeling complex electronics and other physical phenomena. 

Under the terms of the agreement, Kintech Lab will develop a modeling platform and perform complete physical simulation of Crocus' TAS MLU™ memory cell. The simulation results will provide deeper understanding of the nano-scale performance of the TAS MLU cell and enable Crocus to optimize materials and processing for enhanced functionality and reliability.

"Crocus is delighted to collaborate with Kintech Lab on advanced modeling of our MLU technology," said Ken MacKay, Crocus' director of Magnetic Technology Engineering. "Kintech's world-class expertise in physics and modeling will be instrumental to Crocus as we migrate our process technologies to state-of-the-art lithography."

In May 2011, Crocus announced that it will invest over $5 million into Russian research organizations to develop advanced technology and manufacturing solutions. This partnership with Kintech represents the first step towards achieving that objective, as set forth in Crocus' agreement with RUSNANO to develop advanced magnetic nanotechnology manufacturing and science in Russia.

"This initiative with Crocus is setting the foundation for model-based advanced nano-magnetic research in Russia," said Boris Potapkin, chief executive officer of Kintech Laboratory. "We look forward to working with Crocus on solving problems essential to the deployment of leading edge technologies."

About Crocus
Crocus is a leading developer of magnetic semiconductor technology for dense, non-volatile, high-speed, scalable chip solutions used in general and special purpose applications. The company's Magnetic Logic Unit^™ (MLU) architecture, featuring a revolutionary self-reference technique, is a scalable evolution of Crocus' patented Thermally Assisted Switching^™ (TAS) technology. MLU enables practical implementation of advanced magnetic logic and memory capabilities. Crocus' first generation magnetic technology was originally conceived at the Grenoble, France-based Spintec, a world leading magnetic research laboratory affiliated with two leading French labs, CEA and CNRS. It was further developed for production at SVTC in California and is in its final phase of implementation at Tower Jazz semiconductor. In October 2011, Crocus announced a joint development agreement with IBM to further advance the technology, focusing on advanced development of the MLU architecture. Crocus' technology is covered by a comprehensive patent portfolio. In May 2011, Crocus and RUSNANO formed a joint venture, Crocus Nano Electronics (CNE), to build and operate an advanced manufacturing facility for magnetic semiconductors. Find Crocus at: www.crocus-technology.com

About Kintech Lab
Kintech Lab develops and implements integrated computer simulation software and information systems for first principles-based predictive multi-scale modeling and analysis of the properties of new processes, materials and devices. Kintech Lab carries out scientific research projects in the fields of combustion and plasma technologies, catalysis, advanced energy systems including fuel and solar cells, batteries, light sources, nanotechnologies and new materials. In 2011, Kintech Lab obtained status as a Skolkovo resident, and in January 2012 was awarded with a $1.3 million grant supporting a projected titled, 'Technique of predictive multi-scale modeling and mechanistic development of processes for efficient power engineering, chemical industry and the design of new materials.' For more information about Kintech Lab, visit www.kintechlab.com.   

SOURCE Crocus Technology

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