EVERSPIN TECHNOLOGIES INC.

Everspin Technologies, Inc. (NASDAQ: MRAM) is a pioneer in the commercialization of magnetoresistive random access memory technology, operating from its headquarters and design centers across North America, Europe, and Asia-Pacific regions. The company maintains its corporate website at www.Everspin.com.

The company specializes in developing and manufacturing MRAM solutions, including Toggle MRAM, Spin-Transfer Torque MRAM, and Tunnel Magneto Resistance sensors that deliver non-volatile memory with superior performance and reliability for mission-critical applications. Toggle MRAM products have been in production since 2008 and are available in densities ranging from 128 kilobits to 32 megabits. STT-MRAM products, which began production in 2017, are offered in densities up to 1 gigabit for data center applications and scale to 256 megabits for industrial and automotive applications. The company's TMR sensors provide three-dimensional magnetic field measurement capabilities for consumer electronics.

Everspin operates an integrated manufacturing model combining captive production with third-party capabilities. The company performs back-end-of-line processing at its leased 200-millimeter fabrication facility in Chandler, Arizona, while manufacturing higher-density STT-MRAM products through a strategic relationship with GLOBALFOUNDRIES on 300-millimeter wafers. Assembly and testing operations are conducted through industry-leading subcontractors located in China, Taiwan, and other Asian countries.

The company serves over 1,405 end customers across industrial, medical, automotive, aerospace, defense, and data center markets through direct sales channels and an established network of distributors and representatives. Revenue for the fiscal year ended December 31, 2025 totaled $55.2 million with a gross margin of 51.2 percent. As of December 31, 2025, Everspin employed 85 full-time employees in the United States.

Everspin was spun out from Freescale Semiconductor in June 2008 and has built a substantial intellectual property portfolio comprising 596 issued patents and 141 pending patent applications across multiple jurisdictions. The company leverages its IP through licensing arrangements, royalty streams, and patent sales to complement its discrete component business.