SmartDisk Announces One Millionth FlashPath.
Company Notes Growing Popularity of Floppy Disk Adapter That
Allows Easy Transfer of Digital Images, Data and Audio from Flash
Memory Cards to PCs
SmartDisk Corporation (NASDAQ: SMDK), a designer, developer, and provider of products that simplify the digital lifestyle and enable consumers to easily share digital data among advanced consumer electronic products, personal computers and the Internet, today announced that it has now sold over one million units of its FlashPath(TM) floppy disk adapter.
"The sale of our one millionth FlashPath occurred just one and one half years after our company began operations and just 15 months after SmartDisk shipped its first FlashPath," said Michael S. Battaglia, president and CEO of SmartDisk. "We are fortunate to participate in markets that are young and that are growing very rapidly - the markets for advanced digital consumer electronic appliances. We are also happy that we are providing that market with captivating and patented products. But our most important corporate assets are the partnerships that we enjoy and that have been forged with companies such as Toshiba, FujiFilm and Olympus."
The first version of FlashPath, which SmartDisk introduced in May 1998, allows the easy transfer of digital images, data and audio from SmartMedia flash memory cards to most PCs without the need for special cards, external connections and interfaces. It is used with camera models from well-known digital camera manufacturers such as FujiFilm and Olympus.
SmartDisk recently announced two new FlashPath adapters that herald the product line's compatibility with a growing number of flash memory card formats. The first is the FlashPath for Sony's Memory Stick(TM), which is to be distributed on a worldwide basis by Sony Corporation under its own brand name called Memory Stick/Floppy Disk Adaptor. The second is the FlashPath for MultiMediaCard, which SanDisk co-developed with SmartDisk. SanDisk will distribute this FlashPath globally and has placed an initial order for delivery in the first quarter of 2000.
About SmartDisk Corporation
SmartDisk Corporation designs, develops and provides products that simplify the digital lifestyle. Its patented product solutions enable the easy transfer of images, music, voice and data among personal computers, the Internet and various types of digital appliances that use flash memory cards and/or smart cards. SmartDisk's objective is to utilize its proprietary technology to capitalize on the growing demand for digital appliances and increased usage of the Internet. The market for SmartDisk's solutions includes users of the ubiquitous and resilient 3.5-inch floppy disk drive, found worldwide on most personal computers. SmartDisk's investors include Toshiba, Fischer, Hitachi, NEC, SanDisk, SCM Microsystems and others. For more information, go to www.smartdisk.com.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although SmartDisk Corporation believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. These statements may involve risks and uncertainties that could cause actual results to differ materially from the expected results. Such risks include, but are not limited to, the risk factors described in SmartDisk's Registration Statement on Form S-1 and in other reports and periodic filings made from time to time with the Securities and Exchange Commission.