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Kingston Technology 2004 YTD Sales Hit $2 Billion
[30 November 2004] - Kingston Technology, 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 Technology. "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 Technology'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 Technology has experienced exceptional growth in its ValueRAM product line and its PC
OEM business. The company also placed a greater emphasis on its digital media products, specifically Secure Digital
Cards and USB drives. Year-over-year revenue growth for this product line is up almost 350%. Kingston Technology
also made significant strides in the high-performance gaming market with its HyperX brand of memory.
Kingston Technology operates manufacturing facilities in China, Malaysia, Taiwan and the United States. Kingston
Technology 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 Technology 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 Technology. "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 in its first year, Kingston Technology has grown to
over 2,000 employees worldwide and over $2 billion in annual sales for 2004.
About Kingston Technology
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, review requests or images, please contact:
Anne McCreary or Andy Chatterton
Fresh Communications
Tel: 020 7739 7744
Fax: 020 7739 7789
Email: anne@freshcommunications.com
or andrew@freshcommunications.com
Brigitte Haas
PR Manager EMEA
Kingston Technology
Tel: 01932 738813
Fax: 01932 738811
Email: bhaas@kingston-technology.com
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