Weebit’s operations unaffected despite situation in Middle East

June 17, 2025 – Weebit Nano Ltd (ASX: WBT, Weebit or Company), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, advises its Israel-based operations are unaffected by the unfolding conflict with Iran. Its lab is operating normally in a protected location, and contingency plans are in place enabling employees to work remotely, ensuring operational continuity.

Workplace safety is critical for all Weebit Nano employees, wherever they are located, and the Company will continue to monitor the current situation.

Weebit Nano is in regular communication with its R&D and commercial partners in France, the USA, and South Korea, and continues to progress discussions with many of the world’s leading foundries, IDMs and potential customers. Coby Hanoch, CEO of Weebit Nano, said: “Unfortunately, I have navigated similar situations before. The entire Weebit team remains committed to delivering our commercial and technical roadmaps, and as circumstances change, we will adapt our operations if required, to avoid any possible impact in our progress.”

About Weebit Nano Limited

Weebit Nano Ltd. is a leading developer and licensor of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions. As it is based on fab-friendly materials, Weebit ReRAM can be integrated within existing flows and processes faster and easier than other emerging technologies, without requiring special equipment or large investments.

See: www.weebit-nano.com