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4DS Memory (ASX:4DS) strengthens patent portfolio in December quarter

Technology
ASX:4DS      MCAP $153.4M
20 January 2021 12:30 (AEST)
4DS Memory (ASX:4DS) - Non Executive Chairman, Drs Wilbert van den Hoek

Source: 4DS Memory

Over the December quarter, 4DS Memory (4DS) strengthened its patent portfolio and made a number of other technological advances.

4DS Memory’s Interface Switching ReRAM technology has been developed as a better alternative to existing DRAM and NAND storage types.

While they both have their owns strengths, such as speed and less power requirement, they also have their own weaknesses like high cost and slow speed.

Essentially, 4DS is developing improved storage class memory with benefits from both.

The company announced that its collaboration partner, imec, successfully manufactured the second non-platform lot wafers and were received by 4DS in December.

The partners also agreed to refine the process conditions for the wafers in order to reduce risks at various stages of the fabrication process.

Since the end of the quarter, 4DS’ technical team has been compiling and reviewing data and expects to complete the analysis before the end of January.

Additionally, imec has confirmed the second platform lot wafers will begin production by the middle of this quarter.

A major milestone for 4DS was being granted another three U.S. patents which brought the company’s total number of granted patents to 29.

In addition to these, 4DS filed three more U.S. patent applications to protect its innovations and strengthen its intellectual property (IP) portfolio in the area of Interface Switching ReRAM for storage class memory near to DRAM.

To strengthen its board, 4DS welcomed Wilbert van den Hoek was appointed Chairman on November 30.

Wilbert is considered a veteran in the semiconductor industry with extensive leadership experience.

In terms of its financial figures, the company ended the quarter with $6.5 million which is a slight drop from the $7.6 million in the previous quarter.

However, it spent just $1.18 million on operating activities as opposed to $3.29 million in the September quarter.

Part of the decrease was due to less money being spent on research and development as well as a reduction in admin and corporate costs.

4DS Memory’s shares are down 2.94 per cent and trading at 16.5 cents just after midday trade.

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