M-Systems Reiterates Strength in its Core Markets

3/12/2003 - M-Systems (Nasdaq: FLSH), a leader in flash-based data storage products, said that, despite recent comments on the flash memory market by a leading supplier of NOR flash, it continues to see strength with its business. In addition, the company stated that, based on current order trends, it expects revenues in the first quarter of 2003 to exceed those of the fourth quarter of 2002.

Dov Moran, President and CEO of M-Systems, said: "As we indicated, M-Systems has been awarded more than five design wins with its Mobile DiskOnChip product. All are currently on track according to our internal plan. We see strength in our core business for both DiskOnKey and DiskOnChip, as well as additional opportunities for the company to announce new design wins across multiple platforms and devices during 2003."

About M-Systems
M-Systems (Nasdaq: FLSH) is a leader and innovator of flash-based data storage products known as flash disks. M-Systems' flash disks provide the functionality of a mechanical hard drive in a silicon chip. M-Systems' products are based on its patented TrueFFS® technology and target applications in a vast array of markets, including connected devices, mobile, and telecom. M-Systems' products include the DiskOnChip®, DiskOnKey® and Fast Flash Disk (FFDTM) product families. For more information, please contact M-Systems at www.m-sys.com.

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