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Dataram Engages Distribution Partner in Asia and Further Boosts International Shipments
August 4, 2016
- International unit shipments up 40% year-over-year
- Secures new customers in China, Japan, the Middle East and India
- Continues to build presence in Europe, Japan and China
Princeton, NJ, August 4, 2016 — Dataram Corporation (NASDAQ: DRAM), an independent manufacturer of memory products and provider of performance solutions, today announced its international shipments have grown by 40%, bolstered by the addition of new customers in China, Japan, the Middle East and India while continuing to build a broader customer and partner base in Europe, North Africa and Asia.
As part of its international growth, Dataram has engaged KSG Company, Ltd. as a strategic channel partner in Japan. Established in 1986, KSG has 30 years of experience providing server, workstation, network and storage solutions and services, including hardware sales, rental, leasing and maintenance.
Dataram’s global customers include distributors, resellers, retailers, system builders and large end-users across a wide range of industries including 70 Fortune 100 companies. The increased shipments are being driven by demand for its core dynamic random access memory (DRAM) products, a market that is expected to reach $50.7 billion U.S. dollars worldwide in 2016, according to Statista. Over the last 12 months, Dataram’s revenue for international shipments increased approximately 10% even while the average selling prices decreased more than 35% during the same period. The Company continues to seek global expansion and actively pursues new markets overseas.
"Part of our growth strategy has focused on increasing international sales volume, and we have successfully executed on what we sought out to do," says Mr. Dave Moylan, Dataram's Chairman and Chief Executive Officer. "Over the past 18 months, we’ve seen notable growth in our international business and shipments which have diversified our international revenue mix and strengthened our global footprint. We are excited by the significant growth opportunities before us as we continue to increase brand awareness while expanding our distribution channels and partner network both domestically and internationally."
About Dataram Corporation
Dataram is an independent manufacturer of memory products and provider of performance solutions that increase the performance and extend the useful life of servers, workstations, desktops and laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu, HP, IBM, Lenovo and Oracle. Dataram's memory products and solutions are sold worldwide to OEMs, distributors, value-added resellers and end users. Additionally, Dataram manufactures and markets a line of Intel Approved memory products for sale to manufacturers and assemblers of embedded and original equipment. 70 Fortune 100 companies are powered by Dataram. Founded in 1967, the Company is a US based manufacturer, with presence in the United States, Europe and Asia. For more information about Dataram, visit www.dataram.com.
Safe Harbor
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with the price of the Company’s common stock and its ability to satisfy the continued listing standards of The NASDAQ Stock Market, the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, changes in the price of memory chips, changes in the demand for memory systems, increased competition in the memory systems industry, order cancellations, delays in developing and commercializing new products, risks related to the Company's previously announced acquisition target, U.S. Gold Corp., faced by junior exploration companies generally engaged in pre-production activities; maintenance of important business relationships; and other factors described in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the Risk Factors with respect to U.S. Gold contained in the Current Report on Form 8-K filed on June 13, 2016, filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company does not assume any obligations to update any of these forward-looking statements.
For additional information, please contact:
Robert Haag
Managing Director
IRTH Communications
866-976-4784
DRAM@irthcommunications.com
Dataram Contact:
Jeffrey Goldenbaum
Director, Marketing
609-799-0071
info@dataram.com
