Simpletech, Inc. - STEC- Profile

Simpletech, Inc.. The Group's principal activity is to provide technology solutions and products based on dynamic random access memory, static random access memory and Flash memory technologies. The Group designs, manufactures and markets a comprehensive line of custom and standard memory and storage products, as well as connectivity products that connect memory cards and hard drive upgrade kits to PCs. These products are used for high performance computing, networking and communications, consumer electronics and industrial applications. The Group provides customers timely access to higher speed and higher density memory products, increasing their ability to bring products to market quickly and decreasing their production and inventory costs. Some of the major customers of the Group are Cisco Systems, Lucent Technologies, Adtron, Alcatel Italia SPA, Ingram Micro and Unisys. Commercial segment accounted for 76% of 2002 revenues and industrial segment, 24%.