HONG KONG, Feb. 17, 2011 /PRNewswire-Asia/ -- ACL Semiconductors Inc. (OTC Bulletin Board: ACLO), a leading China-based distributor of Samsung memory components in Hong Kong and Southern China, expects to benefit from the increased global demand of Samsung NAND Flash memory products, which ACL began to distribute in the third quarter of 2010.
ACL offers "Total Memory Solutions" for a wide variety of components including DRAM, NAND Flash and Graphic RAM. NAND Flash is used in today's highly popular consumer electronic devices, such as Smartphones and Android-based tablets, mainly for the storage of photos, music, books and movies. Tablet consumption of NAND Flash is expected to increase to 2.3 billion gigabytes (GB) in 2011, a 4.8 times increase over 477 million GB in 2010. Shipments of tablet memory are expected to grow at a steady pace until eventually hitting 12.3 billion GB in 2014 (all data according to leading market research firm iSuppli Corporation).
Mr. Alan Yang, Chairman and Chief Executive Officer of ACL, commented, "This is a very exciting time for ACL, as we initiated shipments of Samsung NAND Flash memory in the second half of 2010. We believe we are at the very beginning of a long growth cycle in the NAND Flash sector. Every day we are seeing more tablets, Smartphones, digital cameras, and other portable devices emerge on the market. NAND Flash memory is at the heart of these devices, and ACL is in a great position to capitalize on this opportunity."
iSuppli anticipates NAND Flash revenue will reach $22.0 billion this year, up 18 percent from $18.7 billion in 2010. ACL began promoting Samsung's high density NAND Flash in the third quarter of 2010. The promotion helped increase ACL's total sales volume to a 35% year over year increase in the third quarter 2010.
About ACL Semiconductors Inc.
ACL distributes memory components under the "Samsung" brand name to the Hong Kong and Southern China markets. The memory chips are used in a broad range of consumer electronic devices including tablets, mobile phones, laptop computers and MP3 players. For more information about ACL please visit ACL's corporate website at http://www.acl-semicon.com.
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives and partners of ACL Semiconductors Inc. (the "Company") related thereto contain, or may contain, among other things, certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results (including, without limitation, results of the Company's application to list shares of its common stock on NASDAQ WHATS THE CONNECTION) may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE ACL Semiconductors