NASDAQ MARKETSITE, New York, Aug. 27, 2013 – SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today commemorates its silver anniversary by ringing The NASDAQ Stock Market Opening Bell. The event is the latest in a series of 2013 activities that mark the transformative impact SanDisk’s technologies have had on businesses and consumers over the past quarter century. SanDisk’s anniversary celebrations also include the company’s 5,000-person workforce volunteering in charitable programs throughout the year in all countries in which SanDisk operates.
From launching the world’s first solid state drive (SSD)1 in 1991 to introducing the industry’s multi-level cell (MLC) flash technologies using two bits (X2) and three bits (X3) per cell2, SanDisk’s innovations have driven dramatic transformations across the electronics industry. SanDisk’s flash memory innovations have enabled new markets and devices from digital photography to USB drives to smart phones, tablets and thin-and-light notebooks. Today, SanDisk is bringing flash memory to enterprise storage and transforming the data center.
“When Eli, Jack and I started SanDisk in 1988 we knew flash memory had great potential,” said Sanjay Mehrotra, SanDisk’s co-founder, president, chief executive officer. “The company’s growth and impact have far exceeded our expectations. While we reflect upon the many achievements and milestones, SanDisk’s employees are focused on creating the technology and solutions that will drive the next 25 years of industry transformation and value for our shareholders. SanDisk is celebrating this milestone by continuing its long tradition of community service. I’m proud that our employees are committed to achieve 100 percent participation in volunteer programs in 2013, a goal we are well on our way to reaching.”
In the past decade, the SanDisk Foundation has donated over $21 million to almost 1,000 charitable organizations worldwide, and the company has been recognized as one of the top 20 most generous corporate philanthropists in the San Francisco Bay Area3. Education is one of the focus areas for the SanDisk Foundation, and SanDisk’s Scholars Program is making a difference by supporting students pursuing careers in science, technology, engineering and math (STEM).
Access to the live Webcast of the NASDAQ Opening Bell ceremony begins at 9:15 a.m. EDT: http://www.nasdaq.com/about/marketsitetowervideo.asx. An archived version will be available via www.sandisk.com and the NASDAQ MarketSite Website following the event.
To obtain a hi-resolution photograph of SanDisk’s participation in today’s NASDAQ Opening Bell ceremony, go to http://www.nasdaq.com/reference/marketsite_events.stm.
SanDisk Corporation (NASDAQ: SNDK) a Fortune 500 and S&P 500 company, is a global leader in data storage solutions. For more than 25 years, SanDisk’s ideas and innovative products have transformed the electronics industry. Today, SanDisk’s state-of-the-art solutions are at the heart of many of the world's largest data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk’s consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.
© 2013 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).
1 In 1991 SunDisk, later renamed SanDisk, shipped the world’s first SSD, a 20MB 2.5-inch hard disk drive replacement. The OEM price was $1,000, or $50 per MB.
2 In 1997, SanDisk introduces MLC technology using two bits per cell. In 2008, SanDisk announced three bits per cell that further increased chip storage capacity and reduced cost.
3 The Bay Area's Top Corporate Philanthropists. San Francisco Business Times. July 24, 2013.
1 megabyte (MB) = 1 million bytes.