Milpitas, CA, May 25, 2011 - SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, today announced it has completed its acquisition of Pliant Technology, Inc., a leading developer of enterprise solid state drives (SSD). With the completion of the transaction, Pliant Technology becomes SanDisk's Enterprise Storage Solutions business.
SanDisk Corporation (NASDAQ: SNDK) is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for OEM and retail channels. Since 1988, SanDisk's innovations in flash memory and storage system technologies have provided customers with new and transformational digital experiences. SanDisk's diverse product portfolio includes flash memory cards and embedded solutions used in smart phones, tablets, digital cameras, camcorders, digital media players and other consumer electronic devices, as well as USB flash drives and solid-state drives (SSD) for the computing market. SanDisk's products are used by consumers and enterprise customers around the world.
SanDisk is a Silicon Valley-based S&P 500 and Fortune 500 company, with more than half its sales outside the United States. For more information, visit www.sandisk.com.
ABOUT PLIANT TECHNOLOGY
Pliant Technology's Enterprise Flash Drives (EFDs) are a new class of solid-state storage devices designed to integrate seamlessly into enterprise information systems and dramatically improve performance, reliability, energy efficiency, and TCO. Pliant's Lightning EFD family delivers breakthrough improvements over today's hard drive and SSD storage solutions for a range of data I/O intensive enterprise applications. Pliant Technology has approximately 80 employees and is based in Milpitas, California.
FORWARD LOOKING INFORMATION
This news release may contain certain forward-looking information related to the expected benefits of the acquisition that are based on our current expectations and are subject to numerous risks and uncertainties that may cause this information to be inaccurate and may significantly harm our business, financial condition and results of operations. Risks that may cause this forward-looking information to be inaccurate include among others:
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).
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