Everspin | November 22, 2022
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced today it is working with state and federal government sources to secure funding to add capacity and capabilities for MRAM trusted manufacturing.
Everspin is working to build a trusted manufacturing line in the state of Indiana which would add capacity for Everspin’s Commercial MRAM and increase its capability to act as a foundry for the manufacture of Toggle and STT-MRAM. Everspin plans to work with the local research community to enhance domestic research for MRAM technology development, creating a Technology Development Center at the proposed Indiana-based location. Everspin is in a unique position to leverage its significant MRAM patent portfolio; 15 year history of manufacturing MRAM domestically and 10 year history of manufacturing MRAM as a BEOL foundry service for commercial and DoD applications. Adding capacity and capability will ensure a secure supply chain for the next phase of growth and development.
“Everspin is the sole domestic commercial manufacturer of MRAM devices today. Expanding the capacity of MRAM manufacturing domestically is of strategic benefit for Everspin and its commercial and US Government partners. When funding is fully secured, Everspin will kick off the activities to move this exciting project forward.”
-Sanjeev Aggarwal, President & CEO, Everspin.
About Everspin Technologies:
Everspin Technologies, Inc. is the world’s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest performance non-volatile memory for Industrial IoT, Data Center, Automotive, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base.
Rootstock Software | December 06, 2022
Rootstock Software, the #1 Manufacturing ERP on the Salesforce Platform, is providing manufacturers like Nanophase Technologies with the modern technological capabilities and strategies to adapt and succeed in their digital transformation initiatives.
Today, manufacturers are at the center of a maelstrom, fighting to stay ahead of customer demand, striving to move from “just in time” to “just in case” supply chains, and realizing their ERPs are ill-equipped to keep pace with this level of change.
“Today, many manufacturers are coping with legacy ERP solutions, We sponsored the Manufacturing Summit to bring industry leaders together to discuss their most pressing concerns and to learn how modern technologies like Rootstock Cloud ERP can help them facilitate greater supply chain collaboration, continuously improve their operations, and get more from their IT spend. Natively connecting manufacturing applications on the Salesforce Platform results in a ‘manufacturing operating system’ that can be tailored to almost any manufacturer.”
-Stu Johnson, VP of Product Marketing at Rootstock Software.
The first-ever Salesforce Manufacturing Summit was held in Chicago on Dec. 1. This full-day event was free to leaders of manufacturing companies, distributors, and supply chain organizations. The Summit included customer speakers, product demos, and roundtable discussions.
Rootstock’s breakout session, “Next Gen Manufacturing ERP,” featured a customer success story. H. Glenn Judd, VP of Engineering at Nanophase Technologies, outlined key milestones along his company’s journey to an end-to-end manufacturing operating system.
"It was a pleasure to present with Rootstock at the Manufacturing Summit, We selected Rootstock because it’s ‘the choice’ for a manufacturing ERP built on the Salesforce Platform. This selection translated into seamless integration with other ecosystem applications and a lower cost of ownership. Overall, we were able to reduce our order fulfillment cycle by 30%. We established a number of real-time operational metrics that helped us respond to changing market conditions. And we’ve seen significant improvements in work efficiencies and reduced our IT burden by 25%—we expect to reduce this burden even further in the near future.”
-H. Glenn Judd, VP of Engineering at Nanophase Technologies.
If you’re interested in learning more about Nanophase and its use of Rootstock, you can read and watch more of this company’s story online. Or, if you missed the Summit but are interested in meeting with Rootstock, be sure to check out our other upcoming events—the next one will be the Salesforce “Success Now” World Tour in New York City on Dec. 8.
At Rootstock Software, our connected Manufacturing Cloud ERP enables hundreds of manufacturers, distributors, and supply chain organizations to turbocharge their operations in a dynamic, post-pandemic world. With our solution natively built on the Salesforce Platform, our customers leverage the industry’s leading Cloud ERP, Rootstock, to connect with their suppliers, trading partners, and the broader ecosystem. Ranked as a leader in the ERP Value Matrix by industry analysts, Rootstock has vertical expertise in discrete manufacturing, medical devices and high-tech verticals. Rootstock team members partner with customers as trusted advisors in driving change and transformation to what’s next.
FREYR Battery | October 28, 2022
FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced a new service agreement with ITOCHU Corporation (“ITOCHU”), the Japan-based global trading and import/export company. As part of this agreement, ITOCHU will serve as a direct materials supplier for FREYR’s procurement and supply chain operations.
“We are excited to partner with ITOCHU, and we intend to build on their expertise in shipping, planning, and production, as we establish, maintain, decarbonize, and localize our growing supply chain. ITOCHU possesses a broad global network of trusted materials suppliers, which we believe will lead to meaningful benefits for FREYR as we cooperatively source and price high-quality materials.”
-Dr. Tilo Hauke, EVP Supply Chain Management, FREYR.
As the world moves towards decarbonization, we see FREYR as an integral part of enabling a clean and sustainable lithium battery industry. The supply chain will be an essential part of their journey towards greater speed and scale in the market, and we are eager to support them in sourcing the raw materials to meet their growing needs, said Yasuhiro Abe, Power & Environmental Solution Division COO, ITOCHU.
FREYR and ITOCHU previously entered a Memorandum of Understanding (MoU) in 2020, which outlined a mutual intention to explore potential opportunities within lithium-ion battery production and related operations. As FREYR approaches initial production from the Customer Qualification Plant, the two companies are deepening collaboration to secure the raw materials required for FREYR’s planned battery production at giga scale.
ITOCHU and FREYR are both investors in 24M Technologies, Inc., FREYR’s U.S.-based technology licensing partner. The 24M production platform is designed to enable significant reductions in capital expenditures, factory footprint, energy consumption and raw materials.
About FREYR Battery:
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030.
About ITOCHU Corporation:
The history of ITOCHU Corporation dates to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years. With approximately 100 bases in 62 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas