Storage class memory is a term first used by IBM in the late 2000s. It has become synonymous with the majority of next-generation memory technologies given the fact that they all fall somewhere between NAND flash memory and Dynamic Random Access Memory (DRAM) in just about every attribute ranging from cost to performance. Significant investments are underway already to develop storage class memory, due to the enormous customer demand and the fact that both DRAM and NAND are falling off Moore’s law. This white paper will discuss the compelling value proposition of storage class memory in mobile applications (i.e., those that run on battery) and discuss why NRAM—based on Nantero’s carbon nanotube technology (CNT)—is well suited to provide such value.