Verbatim Expands Removable Storage Offerings with New Families of Flash Memory Products

CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 15, 2001-- Verbatim Corporation established its presence in the rapidly expanding Flash Memory Card market today with the unveiling of two new product lines. The new miniature storage solutions include Verbatim CompactFlash cards with capacities ranging from 16MB to 128MB and SmartMedia cards with capacities of 16MB to 64MB. Featuring the inherent reliability, optimized performance and competitive pricing that resellers and end users have come to expect from Verbatim brand products, the new flash memory devices will be used to expand the storage capacity of digital appliances such as cameras, audio players, camcorders, PDAs and "smart" cellular phones.

According to a recent IDC report, the Flash Memory Card market will grow from 12 million units in 1999 to 66 million in 2003 and CompactFlash and SmartMedia will continue to dominate the digital camera market. The digital camera market in North America in 2000 is expected to have reached 6.7 million units, twice the 1999 number. By 2005, the market is expected to grow to 42 million units.