Product category: Memory Devices and Modules
News Release from: Kingston Technology
Edited by the Electronicstalk Editorial Team on 20 February 2006
Kingston busts through
$3 billion barrier
Total product revenue in the 12 months up to 31st December 2005 at Kingston Technology increased by over 22% to $3 billion
Kingston Technology, the world's largest independent memory manufacturer, has revealed that total product revenue up to 31st December 2005 increased by over 22% to $3 billion. This marks the highest revenue growth within a single year for Kingston Technology since the company was founded in 1987.
This article was originally published on Electronicstalk on 20 February 2006 at 8.00am (UK)
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John Tu, cofounder of Kingston Technology comments: 'Breaking the $3 billion barrier, just a year after exceeding the $2 billion mark, is tremendous'.
Tu continues: 'Reaching this level of success so soon can only be the result of the support, loyalty and commitment of our vendors, customers and employees'.
After exceeding its first $1 billion in sales in 1995, Kingston Technology has continued to surpass growth expectations - reaching $2.45 billion in sales during 2004, up $0.45 billion on predicted revenues for that year.
Once again, the company has exceeded initial revenue forecasts for 2005 by achieving $3 billion in year-to-date sales.
Kingston Technology attributes continued high performance in several key business areas and a stronger focus on developing memory market segments for global production expansion, as key factors in hitting the $3 billion milestone.
Over recent years, Kingston Technology has also placed considerable emphasis on supporting its Flash memory products and ValueRAM product line of industry-standard memory, while expanding its PC OEM business.
Additionally, Kingston Technology's HyperX memory continues to be the brand of choice for the high-performance gaming and PC enthusiasts market.
Since its foundation, Kingston Technology has maintained a reputation for quality and expertise in the memory industry and cites its strong relationships with employees, vendors and customers as key to its success.
David Sun, cofounder of Kingston Technology believes: 'Kingston is built on the relationships we have with our people, partners and customers'.
Sun continues: 'Having the right components in place and an environment that encourages people to realise their potential, has proven to be a recipe for success'.
In its first year of operation in 1987, Kingston Technology had only two employees and $120,000 in annual sales.
Today the company has more than 2800 employees worldwide, providing support to a growing customer base in over 80 countries.
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