Ann: Q1FY19 Activities Update and Appendix 4C, page-46

OMG,

According to its CEO Coby Hanoch, Weebit will soon move into its next phase of development to create a 28-nanometre array in the foreseeable future, do you think just maybe March fall in line with 28nm array being announced. That gives them 5 months, which to date they haven't missed a target or before they announce the 28nm commencement date they want to lock in the funds. In the mean time they will lock in partners for the 40mb chip how many is anyone's guest. I personally think over the next couple of years Weebit will develop more than two chips, This company is snow ball which has only started it journey down the hill once it hit its straps it could over run other chip makers. As for escrow share being on ice until March I guest will have to wait and see what rabbits they pull out their hat.  

Weebit Nano is approaching the production of ReRAM memories; Raised $ 3 million
By Avi Belizovsky Thursday, 04 October

Courtesy Weebitnano

The Israeli-based start-up company, Weebit Nano, which develops the next generation of Resistive Random Access Memory (RRAM) technology, has raised another $ 3 million by allocating shares to professional investors, plans to sell additional shares to raise another $ 1 million.

"We are very pleased that we have received strong support from our current investors who have been on this journey with us, with whom we have been able to develop the product much faster and at lower costs than many other companies," said Weibit Nano CEO Kobi Chanoch.

"The fact that quality and institutional investors joined our stock listing reflects the market's confidence in our ability to continue to meet our development milestones for production and our attractive potential to capitalize on the growing market for volatile storage memories, now worth over $ 60 billion.

The proceeds from the increase in capital will be used as working capital and to promote WYBIT NAN technology through silicon oxide (SiOx) to the next stage of production, including working with production plants and planning the transition to the production facility.

"We are looking forward to commercialization by the end of 2020. We are now improving the basic parameters, bringing them up to the level required for production, and we are also preparing to move to 28nm before the end of this year. Its first cooperation agreement, "Hanoch said

http://www.chiportal.co.il/main-news/42-2009-12-11-17-38-45/6259-weebit-nano-raise-3m-0410184