| Overview | NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on
electron spin rather than electron charge to acquire, store and transmit
information. The company make spintronics practical by manufacturing high-performance
products including sensors and couplers that are used to acquire and transmit
data in industrial, scientific, and medical applications. NVE has also
licensed its spintronic magnetoresistive random access memory technology,
commonly known as MRAM. |
| Historical Highlights |
| 1989 |
– |
Founded as Nonvolatile Electronics, Inc. in Edina, Minn. |
|
| 1990 |
– |
First government contracts
(from the National Science Foundation and U.S. Navy) |
|
| 1993 |
– |
First patent (“Offset magnetoresistive memory structures”) |
|
| 1994 |
– |
First commercial spintronic sensors |
|
| 1995 |
– |
MRAM Patent License Option Agreement with Motorola |
|
| 1998 |
– |
Moved into a portion of current location in Eden Prairie, Minn. |
|
| 2000 |
– |
Formal name changed to NVE Corporation |
|
– |
Introduced spintronic couplers |
|
| 2001 |
– |
Distribution agreement with Digi-Key |
|
– |
Pioneer MRAM patent (“Spin-dependent tunneling memory”) |
|
| 2002 |
– |
Expanded into entire building at current location |
|
| 2003 |
– |
NASDAQ listed (initial price of $7.85 per share) |
|
| 2004 |
– |
Initial orders from Starkey Laboratories |
|
| 2006 |
– |
St. Jude Medical Supplier Partnering Agreement |
|
| 2007 |
– |
Newark distribution agreement |
|
| 2008 |
– |
IL500 series of spintronic couplers |
|
| 2009 |
– |
Tunneling Magnetoresistive angle sensors |
|
| 2010 |
– |
Controller Area Network couplers |
|
| 2011 |
– |
Long-term agreements with St. Jude Medical and Phonak AG |
|
| 2012 |
– |
Preproduction biosensors |
|
| 2013 |
– |
Completed major expansion |
|
| Major Product Lines
|
 Spintronic sensors
IsoLoop® Spintronic Couplers |
| Major Customers |
Avago Technologies
Phonak AG
St. Jude Medical, Inc. |
| Key Distributors |
Digi-Key
Newark
Hy-Line |
Financial Highlights
(from our Annual
Report on Form 10-K for the fiscal year ended 3/31/13)
|
$2.43/share net income
$12.6 million operating cashflow
74% gross margin; 56% operating margin; 44% net margin
$85.3 million ($17.53/share) cash plus marketable securities
$94 million ($19.33/share) shareholders’ equity |
Awards and Accolades
More > |
America’s 100 Best Small Companies for 2011 (Forbes)
2011 North American Technology Innovation of the Year Award
(Frost & Sullivan)
2009 Top Product of the Year (Medical Product Manufacturing News) |
Rankings
More > |
| #1 |
Operating Margin in the Semiconductors Industry (SmarTrend) |
|
| #3 |
Return on revenue among largest Minnesota-based publicly-traded companies (Star Tribune) |
|
| #13 |
America’s Fastest-Growing Small Public Companies (Fortune Small Business) |
|
| #15 |
America’s Best Small Companies (Forbes) |
|
Stock Symbol
| Nasdaq: NVEC |
| Shares Outstanding |
4,862,436 shares outstanding as of April 26, 2013 |
| Employees |
Approx. 54 |
Patents
More Info > |
More than 50 issued U.S. patents
Over 100 patents worldwide either issued, pending,
 or licensed from others |
| Facility | Eden Prairie, Minnesota
Approximately 21,000 square feet of laboratories, offices, and production |
| Headquarters | 11409 Valley View Road
Eden Prairie, MN 55344
(952) 829-9217 |
