The 4DS Memory Ltd (ASX: 4DS) share price is pushing higher despite the broader All Ordinaries Index (ASX: XAO) falling today.
At the time of writing, 4DS shares are up 3.70% to 14 cents, while the All Ords is down 1.42% to 7,473.5 points.
Let's take a closer look at what 4DS Memory updated the ASX with this morning.
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4DS Memory furthers patent protection
Investors appear excited by the company's latest update, sending 4DS Memory shares higher.
According to its release, 4DS Memory advised that it has been granted an additional patent to add to its portfolio. Approved by the United States Patent & Trade Mark Office, this brings the total amount of granted patents to 32 within the United States.
4DS Memory stated that the new patent is titled, 'Conductive Amorphous Oxide Contact Layers' (patent number 11,133,464).
The company noted that all its patents and applications are developed in-house and are wholly-owned. This gives 4DS peace of mind away from royalty and licencing commitments.
4DS Memory CEO and managing director, Dr Guido Arnout commented:
The granting of patents is an extremely important strategy for the company to protect its unique Interface Switching ReRAM in the overall ReRAM space.
What does 4DS do?
4DS Memory is a semiconductor company that develops resistive random-access memory (ReRAM). With research facilities in Silicon Valley, the start-up tech seeks to commercialise its product to become a replacement for more traditional Flash memory storage.
The company is developing breakthrough storage memory that could be used in advanced applications in the near future.
It is estimated that the total addressable market for the memory industry is around $40 billion.
About the 4DS share price
It has been a great 12 months for 4DS Memory investors, with its share price jumping by more than 100%. Year-to-date, however, is currently registering a gain of just under 10%.
The company's shares reached a multi-year high of 28 cents in January 2021, before treading lower after some profit-taking.
Based on today's price, 4DS Memory commands a market capitalisation of roughly $178.5 million, with approximately 1.3 billion shares outstanding.
