M-Systems Inaugurates New R&D facility in Israel's Negev Region.Business Editors TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Sept. 19, 2000 M-Systems Flash Disk Pioneers Ltd. (Nasdaq:FLSH), a leader in flash disk data storage products for the Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. and network infrastructure markets, Tuesday inaugurated the first flash disk research and development facility in the Negev, Israel's southern region. The inauguration INAUGURATION. This word was applied by the Romans to the ceremony of dedicating some temple, or raising some man to the priesthood, after the augurs had been consulted. It was afterwards applied to the installation (q.v. follows M-Systems' acquisition Monday of Fortress U&T Ltd. for approximately $8 million (U.S.). Fortress is located in Omer, a suburb of Beer-sheba which is the "capital" of the Negev and the home of Ben Gurion Ben Gur·i·on , David Originally David Grün. 1886-1973. Polish-born Israeli political leader. Active in the Zionist movement, he founded the Mapai Party in 1930 and organized the resistance against the British after World War II. University ("BGU BGU Ben Gurion University (Beer-Sheva, Israel) BGU Bowling Green University BGU Basic Generation Unit BGU Break Glass Unit BGU Bit Geometrically Uniform BGU Business Graphics Utility BGU Ball Grid Array Cavity up "), a world-renowned institution with highly regarded engineering and computer faculties. Fortress' 19 engineers and other employees will be employed at M-Systems' new R&D center, which is expected to recruit dozens of additional engineers from BGU and surrounding areas. As a result of its acquisition of Fortress, M-Systems intends to present a true innovation in information storage technology -- a flash disk with the highest level of security in the industry. "We consider the development of leading technology by world-class innovators to be of paramount importance, and this new facility will give us access to an untapped pool of some of the best talent in the industry," said Dov Moran, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , M-Systems. "I am convinced that our investment in the south of the country will benefit our research and development efforts and help to further propel the Negev to an esteemed position on the world's high-tech map." About M-Systems Flash Disk Pioneers Ltd. M-Systems Flash Disk Pioneers is a leading developer, manufacturer and marketer of innovative data storage products, known as flash disks, that are primarily used in Internet appliances, network infrastructure equipment and other embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. . The company's flash disks provide the functionality of a mechanical hard drive on a solid-state silicon chip. M-Systems was first to bring to market a complete flash disk in a single die, using breakthrough DiskOnChip Millennium technology. The company's products are based on its patented TrueFFS technology and include the DiskOnChip and Fast Flash Disk (FFD FFD film-focal distance. ) families. For more information, contact M-Systems at 8371 Central Ave., Suite A, Newark, Calif. 94560. Telephone: 510/494-2090, E-mail: info@m-sys.com and, on the Internet, http://www.m-sys.com. The matters discussed in this news release include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that may cause actual results to vary significantly. These risks include market and competitive factors, and other risks described in the company's registration statement dated March 7, 2000, and other periodic reports filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release. Note to Editors: All company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only. |
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