Africa – July 28, 2013 – SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, has signed a distribution deal with Mitsumi, one of the largest and fastest growing IT distributors in Africa.
Mitsumi distributes to over 19 countries in Africa including Kenya, Tanzania, Ghana, Tunisia, Morocco, Zambia and Namibia.
“The relationship with Mitsumi will strengthen our position in the African storage market,” said Sreedhar Sreekumar, SanDisk's regional sales manager, Middle East & Africa. “Africa is a growing market and represents great potential for SanDisk. We are excited to work with Mitsumi and to see SanDisk grow throughout the continent. Our relationship with Mitsumi reinforces our objective to expand our product reach in Africa.”
The agreement follows the rise of smartphones in Africa, which has increased by 43 percent every year since 2000 .
“Mitsumi is delighted to be associated with a pioneering technology company like SanDisk, which has impacted people's digital lives,” said Mitesh Shah, managing director at Mitsumi Distribution. “Mitsumi, with its pan–Africa presence and width of distribution, is excited to work with a dynamic brand like SanDisk, and grow the SanDisk flash memory storage business to its full potential in the captive and emerging markets of Africa.”
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 commercial 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.
© 2013 SanDisk Corporation. All rights reserved. SanDisk is a trademark of SanDisk Corporation, registered in the United States and other countries.
This news release contains certain forward-looking statements, including expectations for markets, products 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: the market demand for our products may grow more slowly than our expectations or our products may not be available in the capacities that we expect or perform as expected, or 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 quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.