Kingston Hits $1.8 Billion in Sales for 2003
Fountain Valley, CA - (February 10, 2004), Kingston® Technology
Corporation, a worldwide leader in manufacturing, assembly, packaging, test and logistics for
memory products, today announced sales for 2003 reached $1.8 billion - soaring more than ten
percent year over year.
Over the past year, Kingstonâ placed greater emphasis on its ValueRAM, Digital Media, and OEM
divisions. Sales exceeded expectations with each market segment performing exceptionally well.
The company also broadened its global production focus, revealing plans to increase its manufacturing
capacity by expanding facilities in Shanghai, China. The new manufacturing facility will be more
than 200,000 square feet and is expected to be ready in early 2005.
"By empowering employees to attain their goals and in developing close partnerships with key memory
suppliers, we were able to introduce new levels of service and product quality to the memory market
in 2003," said John Tu, president, Kingston. "Kingston's philosophy is that people are the strength
of the company. This ensures Kingston customers the best possible products and care -- the proof is
our success."
"With the growing need for more powerful personal computers and high-speed digital media, world demand
for memory has skyrocketed. Kingston, a leading supplier, plays a vital role in the technology circles
of the PC industry, serving as partners to the DRAM component manufacturers, distributors and resellers,
PC OEMs and system integrators," said David Sun, co-founder, Kingston.
Starting out with only two employees and $120,000 in annual sales for the first year, Kingston has
grown to over 2,000 employees worldwide and over $1.8 billion in annual sales for 2003.
About Kingston Technology Corporation
Founded in 1987, Kingston Technology Corporation offers a wide range of quality memory products
and services designed for increased productivity and overall system performance. Through its
ownership of Kingston Technology Company Inc., Payton Technologyâ Corp., and Advanced Validation
Labsâ Inc. (AVL). Kingston Technology Corporation is one of the world's leading memory module
manufacturing, module validation, semiconductor packaging and test companies in the world.
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Editor's Note: For additional information, evaluation units or executive interviews, please
contact Heather Skinner, Kingston Technology Company, Inc. 17600 Newhope Street, Fountain Valley,
CA USA 92708, (714) 438-1817 (Voice), (714) 438-2720 (Fax).
Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. All
rights reserved. All other marks may be the property of their respective titleholders.
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