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NVE Fact Sheet
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NVE Fact Sheet

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  – Moved into a portion of current location in Eden Prairie, Minn.
   – First commercial spintronic sensor (NVSB50)
1995  – MRAM Patent License Option Agreement with Motorola
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
2014  – Quarter-size couplers
Major Product Lines  Spintronic sensors
 IsoLoop Spintronic Couplers
Large 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 3/31/14)
 $2.29/share net income
 $12.4 million operating cashflow
 78% gross margin; 55% operating margin; 43% net margin
 $95.6 million ($19.71/share) cash plus marketable securities
 $104 million ($21.38/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 4,851,043 shares outstanding as of May 2, 2014
Shares
Repurchased
$1,263,405
  in fiscal 2014
Employees 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
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