MILIPITAS, CALIFORNIA and SINGAPORE, Dec. 6, 2007, SanDisk Corporation (NASDAQ: SNDK) and Trek 2000 International Ltd (SGX: TREK) today announced both companies have mutually agreed to settle their existing disputes by entering into cross licensing agreements. This will enable both companies to work closely together in future through strategic alliances to mutually benefit both parties.
This development will not impact either company's financial performance in 2007 fiscal year.
SanDisk is the original inventor of flash storage cards and is one of the world's largest suppliers of flash data storage card products, using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Milpitas, California, and has operations worldwide, with more than half its sales outside the United States.
SanDisk's product and executive images can be downloaded from www.sandisk.com/corporate/media.asp
SanDisk's web site/home page address: www.sandisk.com
SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. Other trade names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).
About Trek 2000 International
Trek 2000 International Ltd, an industry leader, innovator, original inventor and patent owner of the ThumbDrive® (i.e. USB Flash Drive) offers state-of-the-art design solutions ranging from Mobile Media Solutions, Wireless, Anti-piracy, Compression and Encryption to sophisticated Enterprise solutions for the fast changing digital industry. Trek is represented all over the world and has offices in the U.S., Malaysia, Thailand, India, Hong Kong, Singapore, the Netherlands, China, the Philippines and Japan to serve the rapidly expanding markets in all regions. A public company on the Singapore Stock Exchange (SGX:TREK), Trek 2000 International Ltd is named by Forbes Global as one of the Best Small Companies in the World for 2000 and 2002. Trek 2000 International Ltd is also ranked as the Best Managed Small Company in Singapore by AsiaMoney (of Euromoney).
For more information, visit http://www.trek2000.com.sg and http://www.thumbdrive.com.
Trek®and ThumbDrive® are trademarks or registered trademarks of Trek Group of Companies in Singapore and / or other countries.
This press release contains forward-looking statements, including each company's overall patent enforcement strategy that are based on the respective company's current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others: SanDisk may not take any Trek products to market under the strategic alliance, if SanDisk takes Trek products to market, those products may not be successful, the companies ability to negotiate and enter into licenses in patent cases; litigation or settlement strategies may change; either company may become subject to one or more countersuits by defendants; either company may be unsuccessful in litigation or otherwise may be unable to protect its intellectual property rights, which could harm its business, financial condition and results of operations; litigation may be costly, may divert the efforts of key personnel and could result in adverse court rulings, which could materially harm either company's business; and the other risks detailed from time-to-time under "Risk Factors" and elsewhere in SanDisk's Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and its subsequent Quarterly Reports on Form 10-Q. The companies do not undertake any obligation to update the information contained in this press release.
|SanDisk Corporation||Trek 2000 International Ltd|
|Mike Wong||Tan Peck Hwa|
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|Lori Barker Padon|