ACER and SSTI team up...this will pop revenue growth!
Good luck,
Eric
(Ref: biz.yahoo.com )
Monday July 17, 4:01 am Eastern Time
Company Press Release
Apacer to Second Source SST's ADC Products for the Internet Appliance Market.
Strategic Partnership Signifies Industry Support for SST's New Embedded Mass Data Storage Solution
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 17, 2000-- SST (Silicon Storage Technology, Inc., NASDAQ: SSTI) and
Apacer Technology Inc., an Acer Group company, today announced that the two companies have entered into a strategic partnership which in part will allow Apacer to second source SST's flash ATA-Disk Chip (ADC) product (announced on July 10). This move underscores the anticipated widespread adoption of SST's ADC products in the embedded mass data storage market as a replacement for conventional IDE hard disk drives, especially in Internet Appliance (IA) applications.
Apacer, a wholly-owned subsidiary of the world's third largest computer manufacturer, Acer Inc., is focused on manufacturing and sales of DRAM and flash memory modules. With rapidly growing sales of over $400 million expected for the year 2000, Apacer has a well-established channel presence and close relationship with personal computer and Internet Appliance system manufacturers worldwide.
Under this accord, SST will license its ADC design, based on SST's proprietary SuperFlash ATA controller and firmware, to
Apacer. Apacer agrees to use SST's ATA controller and firmware exclusively to manufacture and sell ADC products. Both SST and Apacer plan to have volume shipments of its initial ADC products by August 2000.
``We believe that this second-source partnership with Apacer will help satisfy the projected demand by the industry for our ADC design,'' said Bing Yeh, president and CEO of SST. ``We expect that demand for the ADC product will grow even more as the digital electronics and Internet Appliance markets continue to require smaller and more cost-effective embedded mass data storage solutions. The superior manufacturing efficiency and product distribution logistics provided by Apacer will undoubtedly help meet the market appetite for this product line.''
``We are excited that our entrance into the embedded mass data storage market is highlighted by a second-source partnership with SST, a flash technology leader,'' said Austin Chen, president, Apacer Technology Inc. ``We found that SST's ATA controller and firmware solution provide the best-in-class technology for our customer's needs in the Internet Appliance markets. We believe that the additional resources and channels of Apacer will help propel SST's proprietary ATA controller and firmware as the solution-of-choice for embedded mass data storage applications.''
SST's ADC products provide complete IDE hard disk drive functionality and compatibility in a multi-chip packaged device. The product is ideal for embedded mass data storage applications that require low power and high performance yet at the same time, smaller and more reliable mass storage. The ADC product uses the same proprietary ATA controller technology as SST's highly acclaimed CompactFlash card products. SST's ATA controller employs a novel architecture that integrates advanced system-level support critical to mass data storage applications.
Applications for the ADC product include set-top boxes; thin client systems; network computers; Internet Appliances; PDAs; cellular phones; MP3 players; digital cameras and other digital handheld devices. Other applications include industrial and medical applications such as industrial measurement devices; point-of-sale (POS) scanners; and global positioning systems (GPS).
About SuperFlash Technology
SST's SuperFlash technology is a NOR type, split-gate cell architecture which uses a reliable thick-oxide process with fewer manufacturing steps resulting in a low-cost, nonvolatile memory solution with excellent data retention and higher reliability. The split-gate NOR SuperFlash architecture facilitates a simple and flexible design suitable for high performance, high reliability,
small or medium sector size, in- or off-system programming and a variety of densities, all in a single CMOS-compatible
technology.
About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and markets a diversified range of nonvolatile memory solutions, based on proprietary, patented SuperFlash technology, for high volume applications in the digital consumer, networking, wireless communications and Internet computing markets. SST's product families include high-functionality flash memory components, CompactFlash card mass storage products and 8-bit microcontrollers with on-chip flash memory. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees IBM, National Semiconductor, Motorola, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., TSMC-Acer Semiconductor Manufacturing Co. (TASMC) and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). TSMC offers SuperFlash under its trademark Emb-FLASH. Further information on SST can be found on the
company's Web site at ssti.com.
About Apacer Memory America
Apacer Memory America Inc. is headquartered in Taipei, Taiwan and has a sales channel that serves the needs of customers worldwide. Based on the view that a PC is a complete system hinged on compatibility, Apacer works with strategic partners within the component industry to ensure that its memory products function flawlessly together and get the job done. Apacer remains consistently focused on providing its customers with complete satisfaction through its high-quality line of memory products.
Forward-Looking Statements
Except for the historical information contained herein, this news release contains forward-looking statements regarding flashmemory market conditions, the company's future financial performance, the performance of new products and the company's ability to bring new products to market that involve risks and uncertainties. These risks may include timely development, acceptance and pricing of new products, the terms and conditions associated with licensees' royalty payments, the impact of competitive products and pricing, and general economic conditions as they affect the company's customers, as well as other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 1999 and reports on Form 10-Q for the quarter ended March 31, 2000.
For more information about SST and the company's comprehensive list of product offerings, please call 1-888/SST-CHIP or 1-888/221-1178 (North America) or 1-732/544-2873 (International) for SST's literature fax-on-demand service. Information can also be requested via email to sfoster@ssti.com or through SST's website at ssti.com. SST is located at 1171
Sonora Court, Sunnyvale, Calif. 94086; telephone: 408/735-9110; fax: 408/735-9036.
Note to Editors: The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. Emb-FLASH is
a trademark of TSMC. All other trademarks or registered trademarks are the property of their respective owners.
Contact:
Silicon Storage Technology, Inc.
Sohrab Kianian, 408/735-9110
skianian@ssti.com
or
Tsantes & Associates
John Tsantes, 408/369-1500
john@tsantes.com
or
Apacer Memory America Inc.
Lynn Hsu, 408/433-4980
Lynn_Hsu@acer.com |
