Crocus’ proprietary 2nd generation Magnetic Random Access Memory (“MRAM”) technology enables dense, non-volatile, high-speed, scalable memories for standalone and embedded chip applications. MRAMs’ unique characteristics make them particularly suitable to a wide variety of telecommunication, networking, computing and handheld applications. Crocus MRAMs will capture significant market share in these areas. The technology was conceived in the Grenoble-based Spintec laboratory, a world leading R&D center in Spintronics technology and is covered by a comprehensive patent portfolio. Crocus has operations in Grenoble, France, and Sunnyvale, California.