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Kingston Technology's 2005 YTD Sales Skyrocket to $3 Billion
Flash, OEM and ValueRAM Sales Soar Past Expected Earnings
[16 February 2006] Kingston Technology, the world’s largest independent memory manufacturer, today announced that
total product revenue up to 31 December 2005 increased by over 22% to $3 billion. This marks the highest revenue growth within a
single year for Kingston Technology, since the company was founded in 1987.
John Tu, co-founder of Kingston Technology comments, “Breaking the $3 billion barrier, just a year after exceeding the $2 billion
mark, is tremendous.” Tu continues, “Reaching this level of success so soon can only be the result of the support, loyalty and
commitment of our vendors, customers and employees."
After exceeding its first $1 billion in sales in 1995, Kingston Technology has continued to surpass growth expectations - reaching
$2.45 billion in sales during 2004, up $0.45billion on predicted revenues for that year. Once again, the company has exceeded initial
revenue forecasts for 2005 by achieving $3 billion in year-to-date sales.
Kingston Technology attributes continued high performance in several key business areas and a stronger focus on developing memory market
segments for global production expansion, as key factors in hitting the $3 billion milestone.
Over recent years, Kingston Technology has also placed considerable emphasis on supporting its Flash memory products and ValueRAM® product
line of industry-standard memory, whilst expanding its PC OEM business. Additionally, Kingston Technology’s HyperX® memory continues to be the
brand of choice for the high-performance gaming and PC enthusiasts market.
Since its foundation, Kingston Technology 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. David Sun, co-founder of Kingston Technology believes, “Kingston
is built on the relationships we have with our people, partners and customers.” Sun continues, “Having the right components in place and an
environment that encourages people to realise their potential, has proven to be a recipe for success.”
In its first year of operation in 1987, Kingston Technology had only two employees and $120,000 in annual sales. Today the company has more
than 2,800 employees worldwide, providing support to a growing customer base in over 80 countries.
About Kingston Technology
Founded in 1987, Kingston Technology Company, Inc. is the world's largest independent manufacturer of memory
and digital media products. Kingston Technology operates manufacturing facilities in Malaysia, Taiwan, China
and Fountain Valley, Calif. Kingston's back-end processing facility supports memory test and logistics.
Kingston Technology supports all memory processing functions from receipt of wafer to completed module. Kingston
serves a network of distributors, OEMs, and retail customers in more than 3,000 locations worldwide.
For more information on Kingston Technology, please visit: www.kingston.com/uk.
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