SmartDisk Announces One Millionth FlashPath.NAPLES, Fla.--(BUSINESS WIRE)--Nov. 15, 1999--
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 NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 (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. 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 cap·ti·vate
tr.v. cap·ti·vat·ed, cap·ti·vat·ing, cap·ti·vates
1. To attract and hold by charm, beauty, or excellence. See Synonyms at charm.
2. Archaic To capture. 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 Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. . SmartDisk's objective is to utilize its proprietary technology to capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. 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 floppy disk drive - disk drive , found worldwide on most personal computers. SmartDisk's investors include Toshiba, Fischer, Hitachi, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).
NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , SanDisk, SCM (1) (Software Configuration Management, Source Code Management) See configuration management.
(2) See supply chain management. 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 Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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.