Grandis develops and licenses ultrahigh-density nonvolatile memory solutions based on proprietary technologies derived from cutting-edge research in spintronics. Spintronics is the application of the electron’s spin to store, manipulate and transmit information. Grandis, Inc. is a world leader in the development of Spin Torque Transfer based RAM technology (STT-RAMTM). STT-RAMTM is a "second generation" magnetic random access memory (MRAM) which solves the writing current scaling problem for conventional MRAM. STT-RAMTM is a non-volatile, fast, highly scalable memory which uses a spin-polarized current to switch the magnetic bits.