What types of applications could memristors have?

We see two types of applications for memristors and memristive devices.

The first, as the name "memory resistor" implies, is for a type of non-volatile random access memory, or NVRAM. Such a memory would have very useful properties, in that it would not 'forget' the data that it stores when the power is turned off. We think that NVRAM made with the types of memristor materials that are currently being studied by many groups around the world could be a strong competitor to the flash memory market in about five years.