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Kingston Hits $1.8 Billion in Sales for 2003
Fountain Valley, CA - (February 10, 2004), Kingston® Technology Company, Inc., 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, Kingston. placed greater emphasis on its ValueRAM, Flash Memory, 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 flash memory, 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 Technology. Corp., and Advanced Validation Labs. 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).

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