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M-SYSTEMS FLASH DISK PIONEERS LTD. ANNOUNCES STRATEGIC RELATIONSHIP WITH MAXTOR REGARDING FLASH MEMORY BASED PCMCIA PRODUCTS

 TEL-AVIV, Israel, Nov. 8 /PRNewswire/ -- M-Systems Flash Disk Pioneers Ltd. (NASDAQ: FLSHF) announced today that it has entered into a license and distribution agreement with Maxtor Corp. (NASDAQ-NMS: MXTR). According to the agreement, Maxtor has been granted limited exclusive rights (with the exception of Israel), to distribute and under certain circumstances, to manufacture, M-Systems' PCMCIA Flash Memory Cards. Under the terms of the agreement, Maxtor is required to meet certain performance criterias, in order to maintain its limited exclusivity. However, this agreement does not guarantee any revenues to M-Systems. The companies intend to cooperate in the future developments of PCMCIA Flash based products.
 "We are very pleased to have Maxtor as our strategic partner in the development of PCMCIA-based products," said Dov Moran, president and CEO of M-Systems. "Maxtor's many years of experience and its strength in various distribution channels make this an excellent business opportunity for M-Systems. Maxtor's recognition is an important step towards establishing our TrueFFS(TM) software as an industry standard in the emerging field of portable computing."
 Maxtor Corp., headquartered in San Jose, Calif., develops, manufactures and markets high-performance mass storage products. Maxtor's annual revenues are in excess of $1 billion, and it employs approximately 8,500 people worldwide.
 M-Systems Flash Disk Pioneers Ltd. develops, manufactures and markets Flash disk solutions. EUROM, its subsidiary, develops proprietary smart memory devices.
 -0- 11/8/93
 /CONTACT: Dana Gross, vice president - operations of M-Systems Flash Disk Pioneers, 972-3-490-920/
 (FLSHF MXTR)


CO: M-Systems Flash Disk Pioneers Ltd.; Maxtor Corp. ST: California IN: CPR SU:

MP-TW -- NY052 -- 1709 11/08/93 11:04 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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