WE ALSO GOING AFTER SANDISC

MILPITAS, Calif. & PARSIPPANY, N.J., BUSINESS WIRE -- SanDisk Corporation (NASDAQ:SNDK) and PNY Technologies(R) ("PNY") today announced that PNY has signed a patent cross-license agreement with SanDisk to settle patent cases filed by SanDisk last year in Federal District Court and the International Trade Commission against PNY flash memory products including USB drives and CompactFlash(TM) cards.

The cross-license agreement provides PNY a competitive market advantage by ensuring it can continue to market and sell USB drives and CompactFlash(TM) cards, now as SanDisk licensed products, and assures that PNY's supply of such flash memory products will not be disrupted by the patent claims pending against other parties.

Under the terms of the cross-license, PNY will pay SanDisk royalties on flash memory products that were not previously licensed. The specific terms of the cross-license are confidential.

About SanDisk

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.