• Two customers have successfully taped-out chip designs integrating Weebit Nano's ReRAM technology
• One customer already has a functional prototype manufactured
• Tape-out is an important milestone towards mass production

Weebit Nano Ltd, a leading developer and licensor of advanced memory technologies, has announced that two of its product customers have successfully taped-out (released to manufacturing) chip designs intended for eventual mass production which integrate Weebit's ReRAM module. One of these customers, Overlord Labs, has integrated Weebit Nano's ReRAM technology into the design of its next-generation smart battery management system, enabling significant gains in efficiency and reliability. The other customer has also taped-out another product earlier and recently received the first silicon of its product prototype, with initial tests showing the chip is functioning as expected, including Weebit's ReRAM. Both customers now plan to continue further testing, characterization and qualification, a process which can take 12-18 months. Once the products pass these tests, the customers will be able to take them to mass production. Weebit Nano's CEO, Coby Hanoch, stated that this first commercial product incorporating Weebit's ReRAM and passing initial functional tests is a significant achievement, marking an important step towards mass production. He also noted that Weebit's ReRAM IP is currently being embedded in the design of several next-generation applications under agreements with multiple product companies, and the company expects more customers to tape-out this calendar year.

Weebit Nano expects more of its product customers to tape-out chip designs integrating its ReRAM technology this calendar year, driven by growing demand for faster, lower power and better performing embedded non-volatile memory and increased availability through foundries and Integrated Device Manufacturers (IDMs).