MILPITAS, Calif., June 10, 2008- SanDisk Corporation (NASDAQ:SNDK), a leading seller of MP3 players in the United States, today announced it has acquired MusicGremlin, a privately-held technology company that develops advanced digital content distribution technologies. The acquisition falls under SanDisk's Sansa™ audio/video business unit.
"MusicGremlin's digital distribution platform and capabilities will provide SanDisk with adaptive and innovative technology that will play a key role in the development of future Sansa products for consumers," said Daniel Schreiber, general manager and senior vice president for SanDisk's Sansa audio/video business unit.
Robert Khedouri, co-CEO and co-founder of MusicGremlin, will join the Sansa team as vice president of services.
"SanDisk and MusicGremlin share a core passion for granting consumers easy access to digital content," said Khedouri. "We're very pleased that MusicGremlin technologies will soon contribute to a new generation of Sansa products and services. We look forward to joining SanDisk in realizing our vision for the future of distributed media."
Terms of the deal are undisclosed.
About MusicGremlin, Inc.
Founded in 2003, MusicGremlin, Inc. develops technologies to enhance the digital content experience. A pioneer in direct-to-device and wireless distribution technologies, in 2006 the company launched a first-of-its-kind portable Wi-Fi digital audio player (the MG-1000 "Gremlin®") and companion digital music service that includes music from all the major labels and thousands of independents. The Gremlin® device incorporated numerous innovative features, including its push-content Gremlist™ service which allows users access to fresh DJ-programmed content that is automatically updated over a wireless connection. The device also featured the ability for users to program the device and order new content for it via the company's Website, and to legally and wirelessly share music between devices for the first time. The company also develops technologies, products and features that it seeks to license to partner companies in mobile and other industries.
SanDisk Corporation, the inventor and world's largest supplier of flash storage cards, is a global leader in flash memory - from research, manufacturing and product design to consumer branding and retail distribution. SanDisk's product portfolio includes flash memory cards for mobile phones, digital cameras and camcorders; digital audio/video players; USB flash drives for consumers and the enterprise; embedded memory for mobile devices; and solid state drives for computers. SanDisk (www.sandisk.com/corporate) is a Silicon Valley-based S&P 500 company, with more than half its sales outside the United States.
SanDisk's product and executive images can be downloaded from
SanDisk's Sansa web site/home page address: http://www.sandisk.com/sansa
SanDisk's Sansa online store address: http://www.shopsansa.com
SanDisk, the SanDisk logo and Sansa are trademarks of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder (s).
This press release contains certain forward-looking statements, including expectations for new product introductions, applications, markets and customers that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: the acquired technology may not be perform as expected, there may be a slower adoption rate for our products in markets that we are targeting, these products may not perform as expected, these products may not be available when expected, and the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, our Form 10-K and our quarterly reports on Form 10-Q. We do not intend to update the information contained in this press release.
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