M Systems Flash Disk (NASDAQ:FLSH)
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Microelectronica, an msystems (NASDAQ: FLSH) company
specializing in the development and manufacturing of smart cards, as
well as smart card operating systems and applications, is the latest
company to join the ranks of SIMalliance, the world's leading
consortium of SIM manufacturers.
Commenting on its latest member, SIMalliance chairman Christophe
Dolique said: "Microelectronica is joining an association that, over
the past five years, has become one of the world's foremost
commentators in the mobile business. By operating outside the singular
commercial interests of any individual SIM card player, SIMalliance
has been able to pinpoint the mission critical services coming
downstream and help steer their development to meet the practical
needs of the market."
With key customers in Europe and Latin America, Microelectronica
will extend the presence and reach of an association whose membership
currently accounts for some 80% of SIM sales worldwide.
Commenting on joining the alliance, Simone Cavallo, general
manager of the msystems MNO division said: "With a new generation of
high-potential SIM applications now set to enter the mobile ecosystem,
the entire industry is crying out for innovative thinking and clear
direction. By joining this unique association, which is the leading
proponent for SIM-based development, we're convinced that we are
better positioned to influence and to contribute to developments in
the industry."
Microelectronica joins existing SIMalliance members: Gemalto,
Giesecke & Devrient, Incard, Oberthur Card Systems, Prism, Sagem-Orga
and Xponcard.
About SIMalliance
SIMalliance is the world's leading consortium of SIM interest
groups. Representing approximately 80% of the global SIM card market,
SIMalliance steers industry innovation and champions the high value
business benefits that SIM services deliver.
Gemalto, Giesecke & Devrient, Incard, Microelectronica, Oberthur
Card Systems, Prism, Sagem-Orga and Xponcard are all SIMalliance
members.
visit www.simalliance.org or email info@simalliance.org for more
information
About Microelectronica and msystems
Microelectronica is an msystems (Nasdaq: FLSH) company
specializing in the development and manufacturing of smart cards,
operating systems and applications for smart cards. Its parent
company, msystems, has been transforming raw flash material into
smarter storage solutions since 1989. From embedded flash drives
deployed in millions of mobile handsets to U3 USB smart drives
designed for leading global brands, msystems creates, develops,
manufactures and markets smart personal storage solutions for a myriad
of applications targeting high growth markets.
More information is available online at www.m-systems.com.
This press release includes forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Readers are
cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
which may cause actual results to vary significantly. These risks
include, but are not limited to: the effect of global economic
conditions in general and conditions in msystems' industry and target
markets in particular, shifts in supply and demand, market acceptance,
the impact of competitive products and pricing, product development,
commercialization and technological difficulties, and capacity and
supply constraints including dependence on flash component suppliers;
changes in msystems' and its customers' inventory levels and inventory
valuations; timely product and technology development/upgrades and the
ability to manage changes in market conditions as needed; market
acceptance of new products and continuing product demand; the impact
of competitive products and pricing on msystems' and its customers'
products and markets; the development, release and sale of new
products by strategic suppliers and customers; the development and
growth of anticipated markets for msystems' and its customers'
products; and other risk factors detailed from time to time in
msystems' filings with the Securities and Exchange Commission.
msystems assumes no obligation to update the information in this press
release and disclaims any obligation to publicly update or revise any
such forward-looking statements to reflect any change in its
expectations or in events, conditions, or circumstances on which any
such statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the forward-looking
statements. Reference to msystems' website above does not constitute
incorporation of any of the information thereon into this press
release.