Caleb Technology Announces Alliance With Kabool.

BOULDER, Colo.--(BUSINESS WIRE)--Oct. 29, 1999--

Caleb Technology announced today that Korea-based Kabool Electronics has agreed to become a production partner to help meet the demand for Caleb drives. Kabool Electronics, established in 1989, began as a magnetic head manufacturer. By 1993, the company had grown large enough to set up a second facility in Sri Lanka. The Kabool strategy is three-fold: to provide quality products, deliver them on time, and lastly, maintain competitive pricing. Building Caleb Technology drives will be a new challenge for Kabool, for, up until now, they have been mainly considered a head-stack manufacturer. The new alliance between Caleb and Kabool will result in 1.5 million new drives to be produced per year.

Jay Cho, Vice President of Caleb Technology, stated: "We are very happy about our latest agreement with Kabool Electronics. This is a fantastic transition opportunity for them to switch from a head-stack manufacturer to a drive manufacturer. Their facilities are fully equipped and staffed, which will result in quick turn-around time. We are very impressed with their quality control and certification procedures."

Caleb Technology was formed in 1995 to focus on a high-performance flexible disk product that is backward compatible with the existing base of over one billion disk drives worldwide. Headquartered in Boulder, Colo., Caleb Technology has production partners in both Singapore and Korea.