Kingston Technology 2006 Sales Jump to $ 3.4 Billion
Kingston Technology Corporation today announced that the revenue figures for 2006 climbed to $ 3.4 billion—a $ 400 million increase from 2005 sales—exceeding initial forecasts and marking the highest revenues the company has attained in its 20-year history. “Reaching $ 3.4 billion as we turn 20 is remarkable,” said John Tu, co-founder, Kingston. “Our continued growth is proof that our commitment to providing the highest levels of product quality and service has kept strong throughout our history,” added Tu.
“Kingston’s focus on Flash over the last few years has met with great success,” said David Sun, co-founder, Kingston. “We took time to enter this new market and worked closely with partners to develop the Flash area for Kingston.” Breaking the $ 1 billion mark in 1995, Kingston surpassed $ 2 billion in 2004 and reached $ 3 billion in 2005. Factors marking the $ 3 billion milestone include performance increases in several key business areas and greater focus on expanded production in developing global memory markets. In recent years Kingston placed a strong emphasis on its Flash products division in addition to its ValueRAM line of industry-standard memory and its PC OEM business. Kingston HyperX memory has steadily carved a deeper niche into the high-performance gaming market.
Kingston has a respected reputation for high-quality products and expertise in the memory industry and cites strong relationships with employees, vendors and customers as integral to its success. Starting its first year of business with only two employees and $ 120,000 in annual sales, Kingston has grown to more than 3,300 employees, worldwide.