Facebook
Twitter
LinkedIn
Instagram
Youtube

Weebit Nano Limited, support for accelerated research expected to generate additional patents

Team Veye | 14 Jan 2021 ASX - WBT
Weebit Nano Limited, support for accelerated research expected to generate additional patents

Weebit Nano Limited (ASX: WBT)

Weebit Nano and Leti file two new patents optimising ReRAM performance

Weebit Nano Limited (ASX: WBT) in conjunction with its development partner Leti, recognised as a global leader in the field of micro-electronics, on 21 December 2020 announced that they recently filed two new patents related to Weebit Nano’s Silicon Oxide (SiOx) ReRAM technology.

  • The first patent defines a process improvement to enable high memory yield and high uniformity across memory cells and throughout the wafer.
  • The second patent relates to the selector development with a very fast read, which enables reduced power consumption and reduced selector stress during the read operation.

https://www.tradingview.com/x/bgNNyOam/ (Chart source: TradingView)

On December 18, 2020 the company had successfully completes $3 million Share Purchase Plan and has been heavily oversubscribed.

On 25 November 2020 the company has secured $12 million. The funds raised

from the Placement will be used to:

  • Accelerating process qualification towards a production fab and initiate the shift to 300nm/28nm technology in the embedded memory market;
  • Towards commercialisation initiatives, including strengthening the sales team and increasing marketing activities in the embedded memory market;
  • Progress the next phase of the standalone memory technology project and support partnership programmes with select foundries to accelerate deployment;
  • To accelerate the research of neuromorphic computing architectures and develop the next generation of the neuromorphic demo (Data Source – Company Reports)

 

Veye’s Take

The strategic partnership with Leti will help the company to enhance the technology with more advanced capabilities, thereby better addressing future customer needs. The combination of the recently completed Placement and the SPP will allow it to accelerate the commercialisation activities across the embedded and standalone memory domains, as well as the neuromorphic domain, allowing it to move quickly to capitalise on the significant opportunities for its technology. The price charts indicate the formation of the “Bullish engulfing” in the month of October. The confirmation for the upside was done with the bullish candle in the next trading session. The stock has made a “Higher High “from there on, well supported by the positive divergence on RSI and MACD. Levels near $3.16-$3.22 play significant resistance. Closing above this channel can show good upside potential in the stock. Veye maintains a “Hold” on “Weebit Nano Limited” at the current price of $2.93

Disclaimer

Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.