Tom Oelschlaeger -

Communications Manager

Im Technologiepark 2-8

D-85586 Poing

Phone: +49 (0) 8121 775 146

Email:Tom Oelschlaeger

Poing, Germany – September 27th, 2006

Avnet Memec, the specialist distributor of semiconductors, announced today that it has signed a Pan-European distribution agreement with Simtek Corporation (SRAM:OTCBB), utilizing Avnet Memec’s network of 30 offices in 17 countries.

Under this agreement, Avnet Memec will market Simtek's NVRAMs (nonvolatile memory), and will provide its customers with comprehensive technical design-in support for Simtek's nvSRAM products.

Avnet Memec's application teams and sales engineers have already received intensive training by Simtek product specialists.

Allyn Pon, VP Marketing for Simtek, says: "The agreement with Avnet Memec is a decisive and important element within our sales strategy. This distribution agreement will ensure that our growing European customer base will have faster access to the full potential of our products and to technical support that is considered among the best in the industry.  End customers will be able to obtain design-in support and other extensive services from Avnet Memec that compliment our special memory store upon power-down capability. We're looking forward to working with Avnet Memec, and are confident that this partnership will make a valuable contribution to opening up new customer segments and to intensifying our penetration of the European market."

Steve Haynes, President of Avnet Memec, regards Simtek as an excellent addition to Avnet Memec’s franchise portfolio due to the opportunity to offer customers a replacement for battery-backed SRAMs. "We're delighted to welcome Simtek to Avnet Memec," he says. "Simtek’s unique nvSRAM technology is experiencing significant market acceptance and growth. 

This new agreement will enable Avnet Memec to establish itself as an important supplier of these strongly growing technologies in an extremely short time. We are certain that this partnership will prove to be of value for everyone concerned – for Simtek with its growth plans, for Avnet Memec, and, not least, for our customers.

Avnet Memec was established through the integration of Memec and WBC operations, which resulted in its becoming a highly specialized semiconductor distributor operating on a pan-European basis and employing a huge number of engineers to support customer design efforts. The ratio of sales specialists to application specialists is 1:1 – giving it more than twice as many as other Avnet semiconductor companies – and it has more than three times the number of engineers found in traditional distributors.

Avnet Memec specializes in highly innovative suppliers and technologies that can help customers to differentiate their designs. Its area of specialization extends from Analog and Microcontrollers to RF, Datacom, and Networking.

Avnet Memec operates as an independent subsidiary of Avnet Electronics Marketing EMEA, and it utilizes the strengths of Avnet’s backbone organizations – such as Avnet Supply Chain Solutions and Avnet Logistics – to ensure the highest level of customer satisfaction.

Avnet Memec operates from 30 offices in 17 European countries. The company represents major semiconductor franchises on a pan-European basis. Its many major supplier partners include NEC, Silicon Laboratories, Lattice, Marvell, and Zarlink.

The company's Web site is at www.avnet-memec.eu.

Simtek Corporation designs and markets high-speed, re-programmable, nonvolatile semiconductor memory products for use in a variety of systems, including RAID servers, high-performance workstations, GPS navigational systems, robotics, copiers and printers, and networking and broadcasting equipment.
Information on Simtek's products can be obtained from its web site: www.simtek.com; Email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado.