NVE develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information. Co. manufactures spintronic products including sensors and couplers that are used to acquire and transmit data. Co. also receives contracts for research and development and is a licensor of spintronic magnetoresistive random access memory technology (MRAM). Co.'s products include: Sensor products, which detect the strength or gradient of magnetic fields and are used to determine position or speed; Coupler, which electrically isolate the coupled systems; and MRAM, which uses spintronics to store data.