• Signing of licensing agreement with onsemi to integrate Weebit's ReRAM technology
• Strong cash balance of A$97 million after capital raise of A$50 million
• Expanded IP portfolio with 13 new patents related to ReRAM technology

Weebit Nano Ltd (ASX: WBT) has announced its interim results and Appendix 4D for the six months ended 31 December 2024 (1H FY25). Key highlights include the signing of a licensing agreement with tier-1 global semiconductor company onsemi to integrate Weebit's Resistive Random-Access Memory (ReRAM) technology into its Treo platform as an embedded non-volatile memory. The company also reported a strong cash balance of A$97 million as of 31 December 2024, bolstered by a capital raise of A$50 million at a 6.5% premium to the five-day VWAP. Additionally, Weebit Nano appointed Ms Anne Templeman-Jones as a Non-Executive Director to strengthen its Board, and expanded its IP portfolio with 13 new patents related to its ReRAM technology, now totaling more than 80 patents and applications. The company also advanced the technology transfer of its ReRAM to DB HiTek, with demo chips being tested, and boosted its global sales team, promoted Lilach Zinger to VP Customer Success, and established goals to sign multiple new agreements with fabs and product companies by the end of calendar year 2025.

Weebit Nano remains confident in achieving further agreements with fabs and product companies by the end of 2025, given the growing demand for more advanced non-volatile memory technology. The company expects to complete the qualification of its ReRAM technology at foundry partner DB HiTek in 2025.