Kingston 2005 YTD Sales Skyrocket to $3 Billion
Flash, OEM, and ValueRAM Sales Soar Past Expected Earnings
Fountain Valley, CA -- (February 16, 2006), Kingston Technology Corporation, the world’s largest
independent memory module manufacturer, today announced total product revenue for 2005 increased by over 22% (from 2004),
rising to $3 billion and marking the highest revenue the company has attained since its founding in 1987.
“Breaking the $3 billion barrier just a year after exceeding the $2 billion mark is tremendous,” said John Tu, co-founder, Kingston®.
“Reaching this level so soon can only be the result of the support, loyalty, and commitment from our vendors, employees and customers,”
continued Tu.
After exceeding its first $1 billion in sales in 1995, Kingston surpassed original estimations of reaching its first $2 billion in
sales for 2004—finishing instead at $2.45 billion. Going beyond initial expectations for 2005, Kingston achieved $3 billion in
year-to-date sales. Key factors in hitting the $3 billion milestone so quickly include continued performance increases in several
key business areas and stronger focus on developing memory market segments for global production expansion.
Over the past few years, Kingston has placed considerable emphasis on its Flash products, its ValueRAM® product line of industry-standard
memory and also its PC OEM business. Additionally, Kingston’s HyperX® brand of memory continues to carve deeper inroads into the
high-performance gaming/enthusiast market.
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. “Kingston is built on the relationships we have
with our people, partners and customers,” said David Sun, co-founder, Kingston. “When you have the right components in place and an
environment that encourages people to realize their potential, you have a recipe for success,” added Sun.
In its first year of operation Kingston had only two employees and $120,000 in annual sales. Today the company has grown to more than
2,800 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. Kingston Technology Corporation is one of the world’s leading memory module manufacturing,
module validation, semiconductor packaging and test companies in the world.
# # #
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).
©2006. All rights reserved. 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.
|
