NEW YORK, NY, May 24, 2004 - SanDisk Corporation (NASDAQ: SNDK) today announced the introduction of its Mobile products line, a complete family of small flash memory cards for the newest generation of mobile phones. The Mobile products line allows retailers in the mobile phone segment offer all of the small-size memory cards for aftermarket sales to the high-growth segment of mobile phones that use memory cards to store personal files, video games, music, digital images, video and other storage-intensive content. SanDisk's new Mobile products line includes TransFlash, SD, miniSD, MultiMediaCard, RS-MMC, Memory Stick Duo, Memory Stick PRO Duo and SD Wi-Fi cards. The announcement was made at the Digital Experience media conference in New York.
"In the next three years, we estimate the average multimedia cell phone could have a gigabyte of Flash memory, mostly in the form of flash cards, due to included features such as high resolution camera phones, video camcorders, music players and other capabilities," said Nelson Chan, senior vice president and general manager of SanDisk's retail business unit. "By creating a dedicated Mobile products line and targeting key accounts in the worldwide mobile phone channel, SanDisk is demonstrating its unique ability to offer a one-stop shop with the broadest range of flash storage products to help its retail partners take advantage of this huge growth opportunity."
Randy Giusto, vice president of personal technology and services at IDC, said, "Multimedia applications will drive large increases in memory storage requirements for mobile phones as that market grows to over 798 million by 2008. Handsets represent a robust growth platform for removable storage cards as well as other technologies. Offering aftermarket sales of memory cards via retail channels makes sense as more handset volume will flow though that channel going forward."
The market for mobile phones with card slots reflects high growth according to IDC, which predicts 157.3 million such phones in 2004 and 246.8 million in 2005. Industry sources indicate that more than 110 mobile phone models are scheduled for introduction by March 2005. These new phones will require a wide variety of card formats and SanDisk is uniquely positioned to support this market with the broadest range of flash memory cards in the industry.
SanDisk Mobile Product Line
The SanDisk Mobile Products line will be available this quarter and in Q3 from retail stores and distributors in the mobile phone channel worldwide. Pricing and exact availability will vary according to geographic region.
SanDisk, the world's largest supplier of flash data storage card products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA.
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties as described under the caption, "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company cannot guarantee that it will succeed in selling SanDisk Mobile products worldwide. The companies assume no obligation to update the information in this release.
SanDisk's web site/home page address: http://www.sandisk.com