ORLANDO, FL, Feb. 12, 2001 - SanDisk Corporation (NASDAQ: SNDK) today introduced a 512 megabyte (MB) CompactFlash™ (CF™) memory card, the world's highest capacity, standard CF Type I card. The company also introduced a high-capacity 128MB SmartMedia memory card. The announcement was made at the annual Photo Marketing Association trade show where SanDisk is demonstrating products at the Orange County Convention Center, booth #3137.
SanDisk, which also added 256MB and 384MB standard CompactFlash cards to its product lineup, is targeting the new high-capacity cards primarily at the new three and four megapixel, high-resolution digital cameras and Internet music players.
Nelson Chan, senior vice president of worldwide marketing and sales at SanDisk, said, "Having more than a half gigabyte of removable storage means consumers can store hundreds or more high-quality digital images, MP3 music files or even video on the same card. It's this combination of exceptionally large capacities and cross-platform versatility that is becoming increasingly important among consumers. The introduction of advanced products such as these cards should allow SanDisk to maintain its position as the industry leader in the flash card market."
Suggested retail prices for the 512MB, 384MB and 256MB cards are $799.00, $599.00 and $399.00, respectively. The 128MB SmartMedia card has a list price of $189.00. These removable storage cards are expected to be available in Q2 from camera dealers, distributors and major retailers.
SanDisk products, which include a complete line of ImageMate™ memory card reader/writers and adapters, are available in more than 20,000 retail stores worldwide. Retailers include Best Buy, Circuit City, Fry's, K-Mart, Micro Center, Office Depot, OfficeMax, Ritz, Sears, Staples, Target, Wal-Mart, Wolf and others.
SanDisk Corporation, the world's largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. SanDisk is based in Sunnyvale, CA.
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties including the ability of the company to manufacture these products in volume, risks associated with introducing new technologies, competition from other technologies, timely and uninterrupted supply of products and materials from various suppliers and third party manufacturers as well as other factors. Other risks for SanDisk include those items described under the caption "Factors That May Affect Future Results" in the company's annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release.
CompactFlash and ImageMate are trademarks of SanDisk Corp. All trade names are either registered trademarks or trademarks of their respective holders.