SanDisk signs Salam Studios and Stores as official distributor in Qatar; recognizes contribution by Digital Technologies in Lebanon
Dubai - June 2nd, 2010: SanDisk® Corporation (NASDAQ: SNDK), the inventor and world's largest supplier of flash storage cards, today announced signing a distributorship agreement with Salam Studios and Stores covering Qatar.
Research reports state that mobile penetration in Qatar currently exceeds 100 percent and is forecasted to exceed 210 percent by 2014. Further, mobile handset sales in Qatar are expected to total AED 297 million (QR295 million) by 2014.
Lebanon is also on an impressive growth path with its mobile subscriber base recorded to have touched the 40,000 mark in 2009 and just Blackberry users would reach the 30,000 mark by the end of 2011.
"Qatar and Lebanon are growth markets for us and our partners have helped us achieve our targets. We are very excited to sign on Salam Studios as our official distributor in Qatar and at the same time, applaud the efforts of Digital Technologies, our partner in Lebanon," said Tareq Husseini, SanDisk's Middle East and Africa Sales Director.
Both distributors work closely with SanDisk to promote, support, market and distribute the products. SanDisk products are available in Qatar and Lebanon through a wide range of retail outlets. This agreement is pursuant to SanDisk plans for more aggressive expansion of its new products as well as other flash memory cards.
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About SanDisk
SanDisk Corporation is the global leader in flash memory cards, from research, manufacturing and product design to consumer branding and retail distribution. SanDisk's product portfolio includes flash memory cards for mobile phones, digital cameras and camcorders; digital audio/video players; USB flash drives for consumers and the enterprise; embedded memory for mobile devices; and solid state drives for computers. SanDisk is a Silicon Valley-based S&P 500 company, with more than half its sales outside the United States.
© 2010 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. microSDHC mark and logo are trademarks of SD-3C LLC. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder (s).
This press release contains certain forward-looking statements, including expectations for new product introductions, specifications, applications, markets, and customers that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: market demand for our products may grow more slowly than our expectations or there may be a slower adoption rate for these products in new markets that we are targeting, our products may not perform as expected or may not be available at the prices, in the regions, in the capacities or at the time expected and the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, our most recent annual report on Form 10-K and our subsequent quarterly reports on Form 10-Q. We do not intend to update the information contained in this press release.
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