Lexar Media Expands Memory Stick Storage Capacity to 256-Megabytes

LAS VEGAS (CES, Booth #10728), January 9, 2003 - Lexar Media Inc. (Nasdaq: LEXR), a leading designer, developer and marketer of award-winning high-performance digital media and accessory products, announces plans to manufacture Memory Stick with Memory Select Functionä that increases the total storage capacity of a single Memory Stick to 256MB. Memory Stick with Memory Select Function doubles the previous capacity of standard Memory Stick by allowing the user to toggle between two 128MB flash memory units, using a switch located on the back of the media. "Lexar Media is pleased to bring this new enhancement to the highly successful Memory Stick format," said Eric Stang, president and CEO, Lexar Media. "Our new Memory Stick with the select function delivers everything Memory Stick users want: high capacity with the reliability of Lexar Media solid-state storage." Lexar Media has supported the popular Memory Stick format since April 2000, when Lexar Media and Sony signed a joint technology and licensing agreement. Lexar Media is currently developing high-speed controller technology for the Lexar Media Memory Stick PRO also announced today.