Centrality Communications and msystems(TM) Offer a Smarter Solution for Navigation and Infotainment Systems.

TAIPEI, Taiwan -- By Combining msystems' mDOC H-series Embedded Flash Drive With Centrality's Atlas Navigation Processor, a Fully-Loaded, High-Performance, Reliable GPS System Can Be Designed for a Relatively Low Cost

msystems (Nasdaq:FLSH), a leader in smart personal storage, and Centrality Communications, a leading provider of Navigation Infotainment System (NIS) system-on-chip platforms, today announced the availability of a new solution to address the special on-board storage needs of advanced, in-car and portable navigation systems.

"The newest generation of GPS systems can now benefit from a reliable, cost effective, on-board storage solution for embedded maps and multimedia content. Because these navigation systems are oftentimes in motion, they are subject to vibration and temperature extremes. Obviously, the components within need to be reliable and trustworthy," said David Wang, Centrality's director of marketing. "In addition to their reliable performance within the in-dash car environment, msystems' mDOC H-series embedded flash drives have advanced security features that can protect maps from tampering or accidental deletion."

The multi-level cell (MLC) NAND flash-based mDOC H-series product line from msystems is now being offered as the solid-state boot code and data storage solution for applications based on the Atlas navigation processor platform from Centrality Communications. As a scalable solution available in a wide range of densities, the mDOC H-series embedded flash drive provides designers the flexibility to easily tailor the amount of on-board storage for software, maps and content to the requirements of specific geographical markets without the need for additional product design efforts. The Atlas navigation processor platform allows product developers to quickly and cost-effectively create a complete GPS navigation system based on the Atlas processor family from Centrality. Because it incorporates full-featured navigation and personal multimedia functionality on a single chip, the Atlas processor offers exceptional value for manufacturers and, ideally, the customer.

"We are pleased to join forces with Centrality to help accelerate the adoption of advanced navigation technology by the automotive industry through a cost-effective, smart storage design," said Noam Kedem, vice president of marketing for msystems. "mDOC allows manufacturers producing the next generation of Atlas-based navigation systems to tap into low-cost MLC NAND flash without sacrificing reliability or high performance. Together, we make navigation and infotainment storage smarter."

The Atlas navigation processor platform from Centrality Communications and the mDOC H-series embedded flash drive from msystems are available now. The Companies' collaboration yielded a complete reference design, which will be demonstrated at COMPUTEX TAIPEI 2006 and will be on display at the msystems booth (Hall 1, #B1133-B1137) during the show, June 6-10, 2006.

About Centrality Communications

Centrality Communications is a fabless semiconductor systems company based in Santa Clara, Calif., with major facilities in Shanghai, Taipei and Seoul. Centrality's Atlas(TM) family of navigation processors delivers the new standard in features and value for the navigation infotainment system (NIS) market. By leveraging Centrality's suite of reference platforms, leading NIS manufacturers deliver compelling products and services to market quickly. For more information, please visit: www.centralitycomm.com.

About msystems

msystems has been transforming raw flash material into smarter storage solutions since 1989. From embedded flash drives deployed in millions of mobile handsets to U3 USB smart drives designed for leading global brands, msystems creates, develops, manufactures and markets smart personal storage solutions for a myriad of applications targeting high growth markets. msystems' product lines include:

--mDrive (formerly DiskOnKey(R)) U3 USB smart drives for personal, portable computing

--mDOC embedded flash drives for mobile handsets and consumer electronics devices

--mSIM MegaSIM(R) series high-density SIM cards and mSIM M.MAR(R) series SIM cards and highly secure cards (available both from msystems and its subsidiary Microelectronica)

--mCard, high-quality memory cards for mobile handsets and digital cameras

--mTrust (formerly Xkey(R)) end-to-end enterprise access, control and management solution for USB flash drives and other removable media 

--mSSD (formerly FFD(TM)) rugged solid state disks for mission-critical applications

--mModule (formerly DiskOnChip(R) modular family) modular flash storage for embedded systems 

--mSafe (formerly SuperMAP(R) family) secure hardware and software crypto cores

More information is available online at www.m-systems.com. msystems. made smarter.

Note to Editors: High-resolution photo images of msystems' products can be found on the Internet at www.m-systems.com/site/en-US/Corporate/PressRoom/ImageLibrary.

All company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only.

This press release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties which may cause actual results to vary significantly. These risks include, but are not limited to: the effect of global economic conditions in general and conditions in msystems' industry and target markets in particular, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints including dependence on flash component suppliers; changes in msystems' and its customers' inventory levels and inventory valuations; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; market acceptance of new products and continuing product demand; the impact of competitive products and pricing on msystems' and its customers' products and markets; the development, release and sale of new products by strategic suppliers and customers; the development and growth of anticipated markets for msystems' and its customers' products; and other risk factors detailed from time to time in msystems' filings with the Securities and Exchange Commission. msystems assumes no obligation to update the information in this press release and disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Reference to msystems' website above does not constitute incorporation of any of the information thereon into this press release.