That is great news. This further adds to the value of NVEC. This stock will hit $100/share this year, on the strength of its sharply accelerating earnings, new product applications and the value of its intellectual property portfolio. With few shares outstanding and a heavy short interest, the move up will be sharp. I'm looking forward to early retirement.
The news is that Freescale is actively pushing its MRAM chips into new markets and developing new products to help it do so. The automotive market is a huge opportunity. NVEC will benefit from this because it adds credibility to MRAM products and offers the potential for greater licensing revenues.