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Spin Transfer Technologies Expands Management TeamSpin Transfer Technologies, Inc. (STT), a leading developer of Orthogonal Spin Transfer Magneto-Resistive Random Access Memory technology (OST-MRAM™), today announced the appointment of two senior executives: Les Crudele, Senior Vice President, IC Product Development, and Jeff Lewis, Senior Vice President of Business Development. Crudele brings over 40 years of proven leadership and business management experience to STT, with a lengthy track record of success in integrated circuit development. Previously, Crudele was the Vice President and General Manager of Motorola (News - Alert) Semiconductor's PowerPC RISC Microprocessor Division, and Vice President and General Manager of Compaq's Workstation Products Division. Crudele has held CEO positions at Banderacom, Transmeta, and Azuray Technologies. Lewis joins STT with extensive experience in the semiconductor IP and EDA industries, focused on licensing technologies in the memory sector. Most recently, Lewis was Senior Vice President of Business Development and Marketing at SuVolta, where he directed the company's customer licensing and market engagement activities, including the company's strategic partnership with, and ultimate acquisition by, Fujitsu (News - Alert). Additional leadership roles include Senior Vice President of Business Development and Marketing at Innovative Silicon; President and CEO of CiraNova, an EDA company; and Vice President positions at FormFactor (News - Alert), Artisan Components, and Compass Design Automation. "I am pleased to welcome both Les and Jeff to STT," said Barry Hoberman, President and CEO of Spin Transfer Technologies. "STT's emergence as a leader in MRAM, one of the most disruptive of the next-generation memory technologies, is enabled by the breadth and depth of our world-class team. Both Les and Jeff bring a walth of experience and knowledge to the table as we work towards advancing the commercialization of our MRAM technology and enter the growing storage, IoT, and mobile markets." Spin Transfer Technologies is a subsidiary of Boston-based Allied Minds (LSE: ALM).
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