Sandisk and Fujifilm Sign xD-Picture Card Agreement
SUNNYVALE, CA, Oct. 30, 2003 - SanDisk Corporation (NASDAQ:SNDK) today announced it signed an agreement with Fuji Photo Film Co., Ltd., that covers the xD-Picture Card(tm) format. Under the agreement, Fujifilm and SanDisk established a framework for collaboration in the manufacture and distribution of Fujifilm-branded xD-Picture Cards. SanDisk will manufacture Fujifilm-branded xD-Picture Cards for Fujifilm and supply these xD-Picture Cards to Fujifilm for distribution through Fujifilm's global retail distribution channels. SanDisk will also sell xD-Picture Cards under the Fujifilm brand through SanDisk's global retail distribution channels. SanDisk will begin shipments of Fujifilm xD-Picture Cards in the current quarter.The xD-Picture Card was developed specifically for digital camera applications. The cards offer large capacities for high mega-pixel photos as well as high performance needed to store the video clips that are becoming increasingly more popular in digital cameras. The xD-Picture Card can support up to a maximum future capacity of 8 gigabytes.
SanDisk will begin selling the Fujifilm-branded xD Picture Card in capacities ranging from 64 megabytes (MB) to 512MB. Under a previously announced agreement with Olympus, SanDisk has already begun to sell Olympus branded xD-Picture Cards to its retail customers. The Fujifilm and Olympus branded xD-Picture cards supplied by SanDisk can be used interchangeably in the digital cameras of both Fujifilm and Olympus.
