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Kingston 2004 YTD Sales Soar to $2.45 Billion
Flash Memory, OEM, and ValueRAM Business Spikes Cause Memory Maker to Exceed Expected Earnings

Fountain Valley, CA -- (March 7, 2005), Kingston® Technology Corporation, the world’s largest independent memory module manufacturer, today announced total 2004 revenue increased by 38%, year over year, to 2.45 billion, marking the highest revenue figure the company has achieved since its founding in 1987.

"Going beyond our estimated $2 Billion for ‘04 is outstanding," said John Tu, co-founder, Kingston®. "We've held true to our philosophy of empowering employees to do their best — and this in turn has supported our close partnerships with memory suppliers and customers. I’m honored that our commitment to providing the highest levels of product quality and service is being so richly rewarded," continued Tu.

Passing the $2 Billion Milestone

After exceeding the first $1 billion mark in 1995, Kingston was on track to reach its first $2 billion in sales for 2004. Excelling beyond original expectations, Kingston finished 2004 at $2.45 billion. This is attributable to performance increases in several key business areas as well as greater attention focused on newly developing memory market segments and accelerated global production expansion.

Over the past year, Kingston placed greater emphasis on its flash memory products, and the line has experienced exceptional growth, with year-over-year revenue up almost 350 percent. Both the ValueRAM® product line of industry-standard memory and Kingston PC OEM business have outperformed estimated sales and Kingston’s HyperX® brand of memory has made significant strides in the high-performance gaming market. With facilities in the United States, China, Malaysia, and Taiwan, Kingston’s worldwide manufacturing has been steadily expanding, particularly in Shanghai, China, where plans are on track to open a new 260,000 square foot facility this year. This translates into a 300-percent increase in manufacturing facilities in China.

Since the company’s founding, Kingston has maintained a reputation for quality and expertise in the memory industry, and cites its strong relationships with employees, vendors and customers as key to its success. "Our business is about relationships," said David Sun, co-founder, Kingston. "We have grown into the memory company we are today as a direct result of our people, partners and customers," 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.

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). Press images can be found in Kingston's press room at http://www.kingston.com/press/default.asp

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