SMTK Simtek Corp (MM)

Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and world�s premier supplier of nonvolatile static random access memory (nvSRAM) integrated circuits, today announced the results of its annual meeting of shareholders held on June 19, 2008, in Colorado Springs, Colorado. Shareholders of Simtek approved the following proposals: Re-election of five directors to Simtek�s board of directors, each to serve until the 2009 annual meeting of shareholders and until their successors have been duly elected and qualified. The re-elected directors include: Harold A. Blomquist, Robert C. Pearson, Alfred J. Stein, John Hillyard and Philip Black. Ratification of the selection of Hein & Associates LLP as Simtek�s independent registered public accounting firm for the year ending December 31, 2008. Evaluation of Strategic Alternatives Shareholders have expressed questions regarding a potential strategic transaction involving the Company. On April 11, 2008, we announced that we remain committed to building value for all of our stockholders and that we will continue to explore various strategic alternatives in order to maximize long-term value for stockholders. We continue to actively work on such alternatives with our advisors. About Simtek Corporation Simtek Corporation designs and markets high-speed nonvolatile semiconductor memory products for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, guidance and projections of future performance including predictions of future revenue, profitability, and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.