Headway Technologies was founded in 1994 to provide advanced magneto resistive recording heads to the disk drive industry. Our initial focus was on the development of a different type of magneto resistive recording head known as Dual Stripe MR or DSMR. These products offered significant performance advantages to our customers and have been used by Seagate in their industry leading server disk drives and by Toshiba in their high capacity mobile disk drives. In 1997, the Company began development of soft adjacent layer magneto resistive products in order to provide industry standard products as part of our product offerings.