Thumbdrive News & Events

Toshiba Endorses Trek's Thumbdrive Solutions

Trek licenses patented solutions to Toshiba

SINGAPORE, (27 July 2004) — Mainboard listed engineering solutions provider, Trek 2000 International Ltd (“Trek” or “the Company”) today announced that it has executed a license agreement with Toshiba Corporation of Japan under its ThumbDrive related patents.

The agreement includes the grant of license without allowing for sub-license by Trek to Toshiba and its subsidiaries of a non-exclusive worldwide license under such Trek Patents for the manufacture and sale of external USB storage devices.

As Toshiba has a long business relation with Trek on the supply of the prominent NAND FLASH MEMORY chips, this latest agreement will further enhance and strengthen the business collaboration between both companies. The continued strategic supply of the NAND FLASH MEMORY chips, is expected to help to establish a new milestone toward the objective of growing each company's business.

Presently, Trek has a total of 23 patents registered in more than 65 countries globally for its ThumbDrive solutions. A total of 3 patents have been approved in more than 25 countries. Technology licensing is a natural progression for Trek as its patents obtain rapid approvals in different countries around the world.

Commenting on the latest developments, Mr Henn Tan, Chairman and CEO of Trek said: “We are very proud that our ThumbDrive Technology is gaining rapid recognition from major IT leaders. Being a powerful international name, Toshiba’s recognition of Trek’s ThumbDrive solution is an important endorsement for us as well as a clear reflection of the organisation’s respect for intellectual property rights protection. It is also particularly encouraging to the research and development industry as it serves as an assurance that intellectual property rights are fast gaining respect and acceptance by governments, businesses and consumers globally.”

“The strategic supply of the NAND FLASH MEMORY is also important to Trek and with such strong support from Toshiba, Trek is poised to escalate itself to another new phase of growth. I would like to take this opportunity to thank Toshiba for their recognition and support to ensure that only intellectual property protected products are manufactured and sold to consumers around the world. This philosophy is a clear mark of a truly reputable global leader whose success is built upon integrity and professionalism.” Said Mr Henn Tan.

Stemming from the recent equity investment to 5.86% by Toshiba in Trek, this latest move today further solidifies the relationship between both companies.

This transaction is expected to contribute to the financial position of the Company in FY2004.

None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transaction.

About TREKSTOR USA, Inc.
 
TREKSTOR USA, Inc. and its parent company TREK 2000 INTERNATIONAL LTD offer state-of-the-art design solutions ranging from portable storage devices, digital audio and video products to sophisticated ASIC design - all catering to the fast changing digital industry. TREK has offices all over the world including the U.S., Malaysia, Thailand, India, Hong Kong and Singapore to serve the rapidly expanding markets in all regions. A public company on the Singapore Stock Exchange (SGX: TREK), TREK 2000 INTERNATIONAL LTD is named by Forbes Global as one of the Best Small Companies in the World for 2000. TREK 2000 INTERNATIONAL LTD is also ranked as the Best Managed Small Company in Singapore by AsiaMoney (of Euromoney).

For more information, visit http://www.thumbdrive.com and http://www.trekstorusa.com.

Trekstor USA Contact: 
TREKSTOR USA, Inc., Livermore
info@trekstorusa.com 

Press Contacts:
Trek 2000 International
Shirley Tan
shirley@trek2000.com.sg