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Kingston Technology Hits $1.8 Billion in Sales for 2003
[12 February 2004] - Kingston Technology, a worldwide leader in manufacturing, assembly, packaging,
test and logistics for memory products, today announced its sales for 2003 reached $1.8 billion - soaring
more than ten percent year over year.
Over the past year, Kingston Technology 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 Technology. "Kingston Technology's philosophy is that people are the strength of the company.
This ensures Kingston Technology 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 Technology, 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 Technology.
Starting out with only two employees and $120,000 in annual sales for the first year, Kingston Technology has
grown to over 2,000 employees worldwide and over $1.8 billion in annual sales for 2003.
About Kingston Technology Company, Inc.
Kingston Technology Company, Inc. is the world's largest independent manufacturer of memory products.
Kingston Technology operates manufacturing facilities in Malaysia, Taiwan, China and Fountain Valley,
Calif., including Payton Technology Corp., Kingston Technology's back-end processing facility supporting
memory packaging, test and logistics. With the advent of Payton, Kingston Technology supports all memory
processing functions from receipt of wafer to completed module. Kingston Technology serves a network of
distributors, OEMs and retail customers in more than 3,000 locations worldwide. For more information on
Kingston Technology, call the European toll free number on 00800 8888 0101 or go to
www.kingston.com/uk.
For further information please call the international free phone line 00800 8888 0101.
For further information, please contact:
Anne McCreary or Andy Chatterton
Fresh Communications
Tel: 020 7739 7744
Fax: 020 7739 7789
Email: andrew@freshcommunications.com
or anne@freshcommunications.com
Brigitte Haas
PR Manager EMEA
Kingston Technology
Tel: 01932 738813
Fax: 01932 738811
Email: bhaas@kingston-technology.com
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