Focus on Flash pays off with record revenues

Edited by the Electronicstalk editorial team Mar 5, 2007

Kingston Technology registers revenue increase of $400 million, far exceeding sales forecasts and marking the highest revenues in its 20-year history.

Kingston Technology, the world's leading independent memory manufacturer, has announced that revenue figures for the year 2006 have climbed to US $3.4 billion.

This signifies a revenue increase of $400 million on 2005, far exceeding initial sales forecasts and marks the highest revenues the company has attained in its 20-year history.

John Tu, cofounder of Kingston Technology comments: "Reaching $3.4 billion as we turn 20 is remarkable".

"Our continued growth is proof that our commitment to providing the highest levels of product quality and service has kept strong throughout our history".

David Sun, cofounder of Kingston Technology comments: "Kingston's focus on Flash over the last few years has met with great success".

"We took time to enter this new market and worked closely with partners to develop the Flash area for Kingston".

Kingston Technology broke the $1 billion sales mark in 1995, surpassed $2 billion in sales during 2004 and reached $3 billion in sales throughout 2005.

Factors marking the $3 billion milestone include, performance increases in several key business areas and a greater focus on expanding production in developing global memory markets.

In recent years, Kingston Technology has placed a greater emphasis on its Flash memory division, its ValueRAM line of industry standard memory and its PC OEM business.

Kingston Technology's HyperX memory has also gained a strong reputation and increased sales within the niche high performance gaming market.

Kingston Technology has a respected reputation for high-quality products and expertise in the memory industry.

It cites strong relationships with its employees, vendors and customers as an integral part of its success.

Having started its first year of business with only two employees and $120,000 in annual sales, Kingston Technology is now the largest independent memory manufacturer in the world, with over 3300 employees worldwide.