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Weebit Nano delivering on productisation and commercialisation plans
Successfully completed technology transfer; taped-out demo chips to Skywater's
production fab; first public demonstration of ReRAM module
Q4 FY22 Quarterly Activities Report
Key highlights
- Successfully completed technology transfer to SkyWater, taped-out demo chips
- Demonstration chips completed functional testing
- Publicly demonstrated its ReRAM IP module for the first time
- Commenced technology qualification at Leti with very good initial results
- Bolstering marketing and sales activities
29 July 2022 - Weebit Nano Ltd (ASX: WBT, Weebit or Company) is pleased to provide this activity report for the quarter ended 30 June 2022 (Q4 FY22), along with the Company's Appendix 4C cash flow report.
Commenting on Q4 FY22, Weebit CEO Coby Hanoch said:
"Weebit Nano achieved several significant technical milestones during the quarter and is steadily progressing towards volume production at SkyWater and first customer orders. We successfully completed the technology transfer to SkyWater, taping-out our first System-on-a-Chip (SoC) demo chips to a production fab. These integrated chips allow potential customers to evaluate the functionality of our embedded technology, using it to analyse our ReRAM with the goal of integrating it within their new product designs. Technology qualification with SkyWater will commence once we get the wafers back from the fab towards the end of 2022. This will be the final technical step before customers can commence volume production.
"We've also started conducting a qualification process on the wafers we received from Leti in their state-of-the-art fab. The initial results are very good, and the qualification results will help us with other fabs.
"Weebit is in discussions with several potential customers who need the faster and more energy efficient memory technology and integration flexibility our ReRAM provides. While our embedded ReRAM is suitable for a diverse range of industries and products, we are initially targeting IoT, industrial, aerospace and defense applications. These are domains where our technology has significant competitive advantages over existing flash technology and other emerging non-volatile memories, offering excellent endurance and retention at high temperatures. Robustness, reliability, and longevity in harsh environmental conditions are key requirements for these applications, combined with ultra-low power consumption.
"Our ReRAM will first be available on SkyWater's 130nm CMOS process and discussions with additional fabs are ongoing. Our technology also has the capability to scale to smaller geometries for more advanced
Contact
330 Collins Street, Melbourne VIC 3000, Australia
Office: +61-3-8689-9997
info@weebit-nano.com
www.weebit-nano.com
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applications, having already demonstrated production level parameters at 28nm. We continue to work on scaling to 22nm as well as other development priorities that include a solution for the discrete memory market."
Taped-out ReRAM demo chip to SkyWater's fab
In June, Weebit successfully completed the transfer of its technology to SkyWater's US production fab, taping-out (releasing to manufacturing) demonstration (demo) chips integrating its embedded ReRAM module. As the first tape-out of Weebit's ReRAM technology to a production fab, this is a major milestone towards commercialisation. Once the chips are back from manufacturing, technology qualification will commence, ensuring the readiness of Weebit's embedded ReRAM for mass production on SkyWater's 130nm CMOS process, which is ideal for analog, power management, automotive, IoT and medical applications.
First public demonstration of ReRAM IP module
In April, Weebit successfully completed functional testing of its demo chips integrating its embedded ReRAM module. The silicon wafers containing the demo chips were sliced into chips, packaged, and extensively tested by Weebit and CEA-Leti. Testing has confirmed the chips perform as expected. Demo chips enable potential customers to prototype Weebit's ReRAM into their SoCs.
Weebit publicly demonstrated its ReRAM IP module for the first time at a key industry event, Leti Innovation Days. The interactive demonstrationshowed Weebit ReRAM embedded in silicon being fed live images, retaining this data while powered-off, and then displaying the data separately. The demo also shows how the Direct Program/Erase capability and bit addressability of Weebit ReRAM delivers a significantly faster write speed compared to typical flash memory technology, which needs to access entire data sectors every time it erases/writes.
Commenced tech qualification at Leti
During the quarter, Weebit commenced technology qualification of its ReRAM memory module produced at Leti. While Leti is not a production fab, it has a state-of-the-art facility, and the qualification data will be relevant for other production fabs and customers. Initial results are very good and Weebit expects to have full qualification results by the end of CY22.
Bolstering marketing and sales activities
During the quarter, Weebit's executive team participated at several leading industry conferences and events, including Leti Innovation Days in France, International Memory Workshop in Germany, ChipEx in Israel, and CIMTEC in Italy. CEO Coby Hanoch also participated in the Global Semiconductor Alliance European Executive Forum in Germany.
Contact
330 Collins Street, Melbourne VIC 3000, Australia
Office: +61-3-8689-9997
info@weebit-nano.com
www.weebit-nano.com
For personal use only
In August 2022, Weebit will exhibit at Flash Memory Summit (FMS) 2022 in California, USA, showing both the new demonstration of its demo chip as well as its compelling neuromorphic demo, first shared in 2019. At Flash Memory Summit, Weebit's VP Technology Development Amir Regev will present new test results of its ReRAM memory module, scheduled for Wednesday August 3rd. Weebit will be meeting potential customers and partners at FMS - the largest global conference for the Non-Volatile Memory ecosystem.
Conferences and other marketing activities are important tools to strengthen Weebit's sales funnel and to secure first early adopter customers for its ReRAM technology. They provide Weebit with significant exposure to potential customers and partners and drive interest in its ReRAM technology.
In May, Weebit launched a new corporate website with new resources to help partners and investors gain a better understanding of the market need for ReRAM, and the competitive advantages of Weebit's technology for a broad range of applications.
Details about upcoming events and conferences are listed on Weebit's website at www.weebit- nano.com/events).
Summary of Q4 FY22 cash flows
Notable operating cashflow items over the quarter included research and development expenses of $1.78 million. Payments to related parties over Q4 FY22 were $202,000, which included fees paid to directors and the CEO's cost of payroll.
Looking forward
Weebit is on track to achieve the following milestones in the embedded memory market by the end of CY22:
- Receiving the wafers from SkyWater and progressing technology qualification there;
- Signing new licensing agreements with partners and customers; and
- Continuing to scale its embedded ReRAM to 22nm.
At the same time, Weebit continues to develop a solution for the discrete memory market with CEA-Leti.
Investor briefing details
CEO Coby Hanoch will participate in a "Meet the CEO" interview covering the Company's quarterly update at 9:00am AEST on Monday, 1 August 2022. Participants will have an opportunity to ask questions.
To attend, please pre-register at:
https://us02web.zoom.us/webinar/register/WN_Kd8Ypr1sSOWJpAxdzP2yaw
- ENDS -
Contact
330 Collins Street, Melbourne VIC 3000, Australia
Office: +61-3-8689-9997
info@weebit-nano.com
www.weebit-nano.com
For personal use only
This announcement has been authorised for release by the Board of Weebit Nano Limited.
For further information, please contact: | |
Investors | |
Eric Kuret, Market Eye | |
P: +61 417 311 335 | |
E:eric.kuret@marketeye.com.au | |
Media - Australia | Media - US |
Tristan Everett, Market Eye | Jen Bernier-Santarini, Weebit Nano |
P: +61 403 789 096 | P: +1 650-336-4222 |
E:tristan.everett@marketeye.com.au | E:jen@weebit-nano.com |
About Weebit Nano Limited
Weebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The company's ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence.
Weebit's ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.
See:www.weebit-nano.com or follow us onhttps://twitter.com/WeebitNano
Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.
Contact
330 Collins Street, Melbourne VIC 3000, Australia
Office: +61-3-8689-9997
info@weebit-nano.com
www.weebit-nano.com
For personal use only
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
Weebit Nano Limited (ASX: WBT) | |
ABN | Quarter ended ("current quarter") |
15 146 455 576 | 30 June 2022 |
Consolidated statement of cash flows | Current quarter | Year to date (12 | ||
$A'000 | months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | - | - | |
1.2 | Payments for | |||
(a) | research and development | (1,178) | (14,255) | |
(b) product manufacturing and operating | - | - | ||
costs | ||||
(c) | advertising and marketing | (139) | (668) | |
(d) | leased assets | (69) | (288) | |
(e) | staff costs | (1,363) | (5,873) | |
(f) administration and corporate costs | (406) | (1,349) | ||
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 6 | 13 | |
1.5 | Interest and other costs of finance paid | (2) | (26) | |
1.6 | Income taxes paid | - | - | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Other (provide details if material) | - | - | |
1.9 | Net cash from / (used in) operating | (3,151) | (22,446) | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire or for: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | (65) | (281) | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - |
ASX Listing Rules Appendix 4C (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Weebit Nano Limited published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 23:13:06 UTC.