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Kingston 2004 YTD Sales Hit $2 Billion
Fountain Valley, Calif. - (November 30, 2004) - Kingston Technology Corporation, the world's largest independent memory module manufacturer, today announced sales have reached $2 billion, marking the highest revenue figure the company has achieved since its founding in 1987. This represents a year-over-year increase of 38%.

"Reaching $2 Billion is an incredible milestone for us," said John Tu, co-founder, Kingston. "It's a testament to our basic philosophy of empowering employees to do their best-and this belief continues to be the foundation of our success. By developing close partnerships with memory suppliers and our customers, we have introduced new levels of product quality and service to the memory market," continued Tu.

The $2 Billion Milestone

First surpassing the billion dollar revenue mark in 1995, Kingston's soaring to $2 billion in sales for 2004 can be attributed to several positive factors: performance increases in three key business areas; greater attention focused on newly developing memory market segments; and accelerated global production expansion.

Over the past year, Kingston® has experienced exceptional growth in its ValueRAM® product line and its PC OEM business. The company also placed a greater emphasis on its flash memory products, specifically Secure Digital Cards and USB drives. Year-over-year revenue growth for this product line is up almost 350%. Kingston also made significant strides in the high-performance gaming market with its HyperX brand of memory.

Kingston operates manufacturing facilities in China, Malaysia, Taiwan and the United States. Kingston continues to expand its worldwide manufacturing capability particularly in Shanghai, China, where it is on track to open a new 260,000 square foot facility in 2005. This translates into a 300% increase in manufacturing facilities in China.

Over the years, Kingston has gained a reputation for quality and expertise in the memory industry citing the building and maintaining of strong relationships as an integral part of its continued prosperity. "Our relationships are key to our success," said David Sun, co-founder, Kingston. "Working together with our people and our vendors has let us grow into the company we have become today," added Sun.

Starting out with only two employees and $120,000 in annual sales its first year, Kingston has grown to over 2,000 employees worldwide and over $2 billion in annual sales for 2004.

About Kingston Technology Company, Inc.

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. For more information on Kingston, call (800) 337-8410, or go to kingston.com.

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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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