Lexar Media and Olympus Sign Worldwide Supply and License Agreement
FREMONT, Calif., May 27, 2003 -- Lexar Media, a leading designer, developer and marketer of award-winning high-performance digital media and accessory products, and Olympus Optical Co., a world leader in the development and marketing of digital cameras, today announced a significant expansion of their relationship with the signing of a new OEM and technology licensing agreement. Under the new agreement, Lexar Media will now be offering xD-Picture Cards in Lexar packaging through many of its 37,000 worldwide retail outlets. Lexar Media has also agreed to license its patents to Olympus for the xD-Picture Cards and host devices sold to Olympus' retail customers or bundled with Olympus cameras. Lexar Media has been selling Olympus xD-Picture Cards since 2002 in capacities of 16MB, 32MB, 64MB and 128MB, and, more recently, 256MB. Lexar Media's current offering of digital media includes xD-Picture Card, CompactFlash Type I/II, Memory Stick - including Memory Stick Select and Memory Stick PRO, Secure Digital Card, MultiMediaCard and Smart Media. Lexar Media is the only company to that currently provides all popular memory formats to its distributors and customers
