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Everspin Announces MRAM Solution Designed Into Lucid Air Luxury Electric Vehicles
[June 16, 2021]

Everspin Announces MRAM Solution Designed Into Lucid Air Luxury Electric Vehicles

Everspin Technologies, Inc. (NASDAQ:MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) non-volatile solutions, has announced that Lucid Motors has designed-in its 256 Kilobit MRAM into the master powertrain system of its innovative Lucid Air all-electric luxury sedan.

The MR25H256AMDF MRAM device is designed for automotive applications and is qualified to the AEC-Q100 Grade 1 standard for use in demanding memory applications that require extreme reliability in critical data capturing systems. Everspin believes the adoption of its MRAM technology in the Lucid Air - which delivers new benchmarks in range, efficiency, and power for electric vehicles - is a strong endorsement of the value of persistent, non-volatile memory that does not have the traditional wear-out problems associated with alternative memory tehnologies.

"We are very excited to have been designed into the Lucid Air series of all-electric vehicles. Our MRAM products have been utilized in automotive applications across the industry due to the merits of extremely high endurance, 20-year data retention, and a wide operating temperature range that are required to meet the needs of this high-growth market," said Troy Winslow, Vice President of Sales and Marketing at Everspin Technologies.

About Everspin Technologies

Everspin Technologies, Inc. is the world's leading provider of Magnetoresistive RAM (News - Alert) (MRAM). Everspin MRAM delivers the industry's most robust, highest performance non-volatile memory for Automotive, Industrial IoT, Data Center, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit NASDAQ: MRAM.

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