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Kingston Technology Wins Queen's Award for Enterprise
International trade category Award for three years of impressive overseas turnover growth

[21 April 2004] Kingston Technology, the world's largest independent memory module manufacturer, has been awarded the Queen's Award for Enterprise in the category of International Trade. The company's European headquarters, based in Sunbury-on-Thames in the UK, has been selected for the award due to its trading success in International markets and its substantial turnover growth over the past three years.

The Queen's Awards are presented in three categories: International Trade, Innovation and Sustainable Development and are given to an elite group of companies every year that have shown unique enterprise and consistent growth. During hard times for the IT industry, Kingston Technology has maintained impressive sales growth, with an 86% increase in shipments to Europe, Middle East and Africa (EMEA), from its European headquarters. Total turnover for these markets has risen from £102 million in 2001 to £189 million in 2003.

Despite the price crash of the DRAM (Dynamic Random Access Memory) chip market in 2000 and 2001, Kingston Technology has maintained growth by investing heavily in its new high-quality line of industry standard generic memory called ValueRam. By heavily targeting price-conscious PC system builder, assembler and white box markets, with ValueRam, Kingston Technology was able to expand in a period of uncertainty while its competitors were being forced to downsize due to reduced turnover.

John Holland, Vice President, Sales and Marketing Europe, Kingston Technology commented: "It is a great honour and privilege to have won the Queen's Award for Enterprise. At Kingston Technology we take pride in making high quality products that offer great value, plus exceptional levels of customer service. This, alongside our European headquarters multi-skilled workforce, which comprises 33 different nationalities, offering extensive knowledge of local markets across EMEA, has lead to our International success and sustained growth over the last three years."

The company's EMEA strategy involves providing competitively priced memory module products coupled with industry leading multi-lingual sales, technical support and customer service. "By harnessing knowledge of local markets, our multi-lingual team can train and develop partnerships with local dealers and distributors in their own language, establishing trust and providing them with an in-depth understanding of the company's products." concluded Holland.

The success of ValueRam is testimony to Kingston Technology's knowledge of the memory market, which it uses to predict the needs of PC assemblers, manufacturers and end users, to deliver cost effective solutions to the marketplace. Kingston Technology believes that high levels of training, a commitment to sharing knowledge, an ability to adapt to change and delivering new products to customers quickly, are key to its financial success.

Kingston Technology will attend a Winner's Celebration taking place on the Queen's official birthday, 21st of April 2004, where all the winning companies will be announced and receive their awards.

For more information about Kingston Technology, call 00800 8888 0101 or log onto www.kingston.com/uk

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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