msystems(TM) to Take Part in CARTES 2006

  
    
  
  
    
      msystems (NASDAQ:FLSH), a leader in smart personal storage, announced 
      today that the Company will be exhibiting at CARTES 2006, the world’s 
      leading event for smart cards and identification, taking place 7-9 
      November in Paris, France.
    
    
      From booth #4K 026 located within the Paris-Nord Villepinte Exhibition 
      Center, msystems executives will be on hand to present the Company’s 
      latest products and technological achievements. Representatives from the 
      Company will also be available to demonstrate a new 2-factor 
      authentication product and new applications running on msystems’ 
      new, 1-gigabyte mSIM MegaSIM cards and to discuss msystems’ 
      involvement in the industry.
    
    
      More information about the conference is available online at www.cartes.com/en/2006/index.htm.
    
    
      About msystems
    
    
      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.msystems.com. 
      msystems. made smarter.
    
    
      ###
    
    
      All company and product names mentioned may be trademarks or registered 
      trademarks of their respective holders and are used for identification 
      purposes only.
    
    
      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.
    
  
msystems (NASDAQ:FLSH), a leader in smart personal storage,
announced today that the Company will be exhibiting at CARTES 2006,
the world's leading event for smart cards and identification, taking
place 7-9 November in Paris, France.

   From booth #4K 026 located within the Paris-Nord Villepinte
Exhibition Center, msystems executives will be on hand to present the
Company's latest products and technological achievements.
Representatives from the Company will also be available to demonstrate
a new 2-factor authentication product and new applications running on
msystems' new, 1-gigabyte mSIM MegaSIM cards and to discuss msystems'
involvement in the industry.

   More information about the conference is available online at
www.cartes.com/en/2006/index.htm.

   About msystems

   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(TM) 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.msystems.com.
msystems. made smarter.

                                  ###

   All company and product names mentioned may be trademarks or
registered trademarks of their respective holders and are used for
identification purposes only.

   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.