 An agreement to investigate viable magnetic random access memory (MRAM) technology has been signed by Toronto-based MRAM developer Micromem Technologies Inc. and advanced electronics and RFID components supplier Omron Corp. of Japan. Omron will evaluate the performance and suitability of Micromem’s MRAM memory as it relates to Omron’s extensive array of RFID products.
Initially Omron will research and evaluate Micromem’s MRAM to determine the suitability of MRAM for commercial applications, Micromem says.
“This is a step toward bringing Micromem’s technology into commercialization with a partner who is prepared to incorporate our MRAM technology into a working product,” Micromem CEO Joe Fuda says. “The value of this relationship is the synergy between Micromem and Omron. Each company is contributing its own specific expertise.”
Micromem says it selected Omron as its initial partner based on the strong alignment between Omron’s RFID sensor requirements and the unique properties of Micromem’s MRAM, which is made from radiation hardened materials.
The technology also has extremely low power requirements, delivers high endurance capabilities, is non-volatile and simple to fabricate, Micromem says.
“This agreement is a strong validation that our MRAM technology has direct market applicability potential,” Micromem CTO Dr. Cynthia Kuper says. “This validation is coming from a multi-billion dollar vertically-integrated conglomerate and speaks directly to the market development maturity of our MRAM compared to a year ago. The agreement positions us strongly for future growth and development.”
This is the first of several ongoing discussions with potential partners for commercial applications in fields other than RFID. Micromem believes that the company will conclude additional development agreements.
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