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.
The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials or the future financial performance of the Company, and the pending acquisition of US Gold Corp, and any anticipated benefits of the merger, and the success of US Gold with respect to any of its exploration activities. Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: 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 with respect to US Gold faced by junior exploration companies generally engaged in pre-production activities, 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, 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.
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SOURCE Dataram Corporation