Formed in 1989 as a spinoff of Honeywell International, NVE Corporation (NASDAQ:NVEC) - formerly known as Nonvolatile Electronics Inc, changed its name when it went public in January 2000. The firm develops and sells devices using spintronics, a nanotechnology which utilizes electron spin rather than electron charge to acquire, store and transmit information. NVE make spintronics practical by manufacturing high-performance products including sensors and couplers that are used in industrial, scientific, and medical applications to acquire, transmit and store information, providing the eyes, nerves, and brains of electronic systems. The firm has also licensed spintronic magnetoresistive random access memory technology, commonly known as MRAM, which management believe has the potential to revolutionize electronic memory. The firm also manufacture high-performance spintronic products including sensors and couplers which are used to acquire and transmit data in automated factories. NVE has licensed its MRAM intellectual property to others, including Cypress Semiconductor Corporation, Honeywell International, and Motorola, Inc. Sensors and couplers are sold through a worldwide network of manufacturers' representatives and distributors.
