This morning, Lexar and Kodak announced a new five-year agreement under which Lexar will develop and market Kodak-branded flash memory products worldwide. This agreement strengthens the existing relationship between Lexar and Kodak and allows Lexar to manufacture and distribute a wider variety of KODAK-branded flash memory product lines.
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Lexar Will Broaden Its Role as Exclusive Developer and Marketer of High-Quality Kodak-Branded Flash Memory Products
Fremont, CA, September 4th, 2007 — Eastman Kodak Company and Lexar Media, Inc. today announced the signing of an extended five-year agreement under which Lexar will develop and market Kodak-branded flash memory products worldwide. The agreement with Lexar, which has performance-based exclusivity, strengthens the existing relationship between the two companies and allows for expanded distribution and a broader portfolio of KODAK-branded flash memory product lines created by Lexar, a world leader in advanced digital media technologies. Financial terms of the agreement were not disclosed.
“Kodak has worked closely with Lexar since 2004 to offer our customers leading-edge solutions in flash memory,” said John Blake, General Manager, Digital Capture and Imaging Products and Vice President, Eastman Kodak Company. “We look forward to continuing the positive relationship we’ve established with Lexar, and to expanding our product line to complement the broad range of products that the digital camera user experiences on a daily basis.”
The Lexar-Kodak relationship began three years ago with the launch of a 64 MB Secure Digital card, a time when consumers were continuing to convert en masse from the use of analog to flash memory, or “digital film” products. Since then, the technology has continued to develop rapidly, and Lexar now offers flash products that provide up to 4GB of memory in KODAK Secure Digital High-Capacity (SDHC) cards. With its acquisition by Micron Technology, Inc. in 2006, Lexar now also brings access to the technology and engineering expertise of one of the largest NAND producers worldwide.
Today, the consumer market for digital photography has evolved to encompass advanced flash products that not only allow the capturing of still and video images with cameras and cell phones, but also serve a growing network of other products and services, including home printers, on-line services and in-store kiosks for printing and sharing photos, as well as new devices such as digital frames that let people display and share their digital photos and videos. Kodak currently offers a broad range of products and services to address the needs of these categories and other emerging consumer trends. Under the new Lexar-Kodak agreement, Lexar will be able to offer a full and expanding range of KODAK-branded flash memory storage products in various form factors – including SD and microSD memory cards and USB drives to complement many different products and provide the best solutions for capturing, transferring, and sharing digital and video images.
Vice President of Lexar Media Mark Adams added, “The combination of Kodak’s brand strength and product breadth with Lexar’s technology and manufacturing expertise is truly a ‘win-win’ proposition for customers. Consumers in search of affordable, high-quality memory products should look no further than the KODAK brand, and we intend to aggressively promote that fact.”
KODAK-branded cards from Lexar are currently available in leading retail and e-commerce outlets in the United States and throughout the world, including Canada , Latin America, Europe and Australia as well as at www.lexar.com/kodak. The range of KODAK-branded memory cards includes a high performance line of Secure Digital High Capacity (SDHC) and SD cards, as well as a standard line of SD and xD-Picture Cards (availability varies by region).
Lexar Media is a leading marketer and manufacturer of NAND flash and DRAM memory products under the Lexar and Crucial brand names. Lexar also sells flash memory products under the Kodak brand. For more information about Lexar, visit www.lexar.com. For more information about Crucial products, visit www.crucial.com, www.crucial.com/uk or www.crucial.com/eu. Lexar Media, Inc. is a subsidiary of Micron Technology, Inc., and Lexar Media is a division of Micron Europe Limited, a division of Micron Semiconductor Asia Pte. Ltd., and a division of Micron Japan, Ltd.
About Micron Technology, Inc.
Micron Technology, Inc., is one of the world’s leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking and mobile products. Micron’s common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
About Eastman Kodak Company
Kodak is the world’s foremost imaging innovator. With sales of $10.7 billion in 2006, the company is committed to a digitally oriented growth strategy focused on helping people better use meaningful images and information in their life and work. Consumers use Kodak’s system of digital and traditional products and services to take, print and share their pictures anytime, anywhere; Businesses effectively communicate with customers worldwide using KODAK solutions for prepress, conventional and digital printing and document imaging; and Creative Professionals rely on KODAK technology to uniquely tell their story through moving or still images. More information about KODAK (NYSE: EK) is available at www.kodak.com.