SOURCE: SMART Modular Technologies

March 07, 2006 09:00 ET

SMART Modular Technologies Expands Product and Manufacturing Capabilities With Larger Facility in Brazil

SMART Adds Memory IC packaging in Atibaia

FREMONT, CA -- (MARKET WIRE) -- March 7, 2006 -- SMART Modular Technologies (NASDAQ: SMOD), a leading independent manufacturer of memory modules, embedded computing subsystems, and TFT-LCD display products, announced today its grand opening of a manufacturing, sales, and support site in Atibaia, São Paulo, Brazil.

SMART, which has operated its Brazilian business from Guarulhos, São Paulo, Brazil since 2002, hopes to leverage its successful memory module manufacturing operation at this new site in Atibaia. SMART has extended its technological capabilities by adding capital equipment to package memory integrated circuits (ICs), a first for the Company. SMART plans to import finished wafers, cut them into individual die, and package them into memory ICs, which will then be used by SMART in the manufacture of memory modules, the company's primary product. This initiative is part of SMART's strategy to extend its business vertically, providing it with a competitive advantage by becoming a more comprehensive product and solutions provider.

The Atibaia site is located 75 km from the city of São Paulo in a high-tech industrial park. SMART Brazil will hold a ceremonial opening on March 8th, with expected guests to include Mr. Iain MacKenzie, President & CEO of SMART Modular Technologies; Mr. Noboru Takahashi, General Manager of SMART's Brazil operations; local authorities from the Ministries of Development, Industry and Commerce, and Science and Technology; and representatives from Samsung, one of SMART's tier-one wafer supply partners.

"The move to a larger facility in Atabaia, newly equipped with die packaging lines, represents an extension of SMART's technological capability and will serve as a catalyst for further product growth and diversification," said Mr. MacKenzie. "The successful opening of our new Brazil facility could not have been possible without the support and commitment of the political and financial leaders of Guarulhos and Atibaia, São Paulo, and the central government of Brazil, all of whom share and promote SMART's vision to advance the growth of the local high-technology industry."

"Our customers must meet the demands of the latest high-performance technologies, and SMART is eager to support their efforts. Our investment in packaging capabilities and providing a die level solution to the market, in part, demonstrates SMART's commitment to its customers," observed Mr. Takahashi. "With the opening of this larger facility, staffed by a work force committed to SMART's vision, we will build on SMART Brazil's historic success in servicing our global and regional customers with one of the broadest and technologically advanced line of products available in the industry."

About SMART

SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, industrial, networking, gaming, telecommunications, and/or embedded application markets. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash memory in various form factors. Its Embedded Products Division develops embedded computing subsystems, backed by design and manufacturing, to markets supporting test equipment, 3G infrastructure and network processing applications. SMART's Display Products Group designs, manufactures and sells thin film transistors (TFT) liquid crystal display (LCD) solutions to customers developing casino gaming systems as well as embedded applications such as kiosk, ATM, point-of-service, and industrial control systems. SMART's presence in the U.S., Europe, Asia, and Latin America enables it to provide its customers with proven expertise in international logistics, asset management, and supply-chain management worldwide. See http://www.smartm.com for more information.

Samsung is a trademark of Samsung Electronics Co., Ltd.

Forward-Looking Statements

Statements contained in this press release, including the quotations attributed to Mr. MacKenzie and Mr. Takahashi, that are not statements of historical fact, including any statements that use the words "will," "believes," "anticipates," "estimates," "expects," "intends" or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the Company's the business strategies and product plans.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, memory IC packaging difficulties, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. Such risk factors as outlined in these reports may not constitute all factors that could cause actual results to differ materially from those discussed in any forward-looking statement. The Company operates in a continually changing business environment and new factors emerge from time to time. The Company cannot predict such factors, nor can it assess the impact, if any, from such factors on the Company or its results. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • For more information, please contact:
    Rogerio Duair Jacomini Nunes
    Director of Marketing & Sales
    SMART Modular Technologies - Brazil
    55.11.4417.7200
    Email Contact

    Investor Relations
    Suzanne Craig
    The Blueshirt Group
    415.217.4962
    Email Contact