Dataram Corporation Celebrates 50 Year Anniversary
May 12 2017 - 8:45AM
- Originally Incorporated in New Jersey in 1967-
Common Stock Publicly Traded Since 1968
Dataram Corporation (NASDAQ:DRAM), an independent manufacturer of
memory products and provider of performance solutions, today
announced that next week marks the Company’s 50th anniversary
of its founding.
Dataram was originally incorporated in New
Jersey on May 19, 1967 and made an initial public offering in
1968. The Company’s Common Stock traded on the American Stock
Exchange under the symbol DTM from 1968 until 1999 when the Company
transferred its listing to The Nasdaq Capital Market (NASDAQ) and
began trading under the symbol DRAM.
The market for independently manufactured add-in
memory began in the early 1970's with the introduction of core
memory expansions for DEC computers. During the late 1970's
semiconductor technology emerged as the dominant technology for use
in computer memories, displacing magnetic core memories.
The Company believes that its 50-year reputation
for providing quality products is an important factor to its
customers when making a purchase decision. To strengthen this
reputation, the Company has, over the years, added a number of
programs to better align with customer needs to include
comprehensive lifetime warranty, buy-back, savings protection,
asset management and recycling, and installation management
programs, all of which are intended to provide customers with added
confidence in buying products from Dataram while helping them
manage the total cost of their computing environment.
“Dataram, being founded in 1967, has been around
longer than many well-known companies in the computer electronics
industry,” stated Jeff Goldenbaum, Dataram’s Director of
Marketing. “Having not only survived, but also thrived at
times, in such a competitive industry for 50 years is milestone and
something to be celebrated.”
“As we mark our 50th anniversary, we reflect on
achieving a significant and historic business milestone,” stated
Dave Moylan, Dataram’s Chairman and Chief Executive Officer.
“50 years in the technology industry is nearly unprecedented and
over the last five decades, Dataram has achieved a number of
notable accomplishments and been on the front lines as memory
modules evolved from planer core memory stacks and 16KB capacity to
the current 128GB capacity modules. In 1969, then President John W.
Dymecki stated ‘that product performance and excellence, and
employee commitment were key words upon which all of at Dataram
will continue to build on for the future.’ We have remained true to
this commitment made nearly 50 years ago and will continue to build
on these. As we begin our journey for the next 50 years, we
do so with the merger with U.S. Gold Corp., an acquisition that is
intended to accomplish our diversification and growth objectives
and also improve the value delivered to our shareholders.
These are exciting times and I am looking forward to them. ”
The closing of Dataram's acquisition of U.S.
Gold Corp. is subject to the satisfaction of customary closing
conditions and deliverables.
About Dataram Corporation
Dataram is a 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.
All names are trademarks or registered
trademarks of their respective owners.
Safe Harbor StatementThe
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 U.S. Gold Corp, and any anticipated
benefits of the merger, and the success of U.S. 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 U.S. 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.
Source: Dataram Corporation
Dataram Contact:
Jeffrey Goldenbaum
Director, Marketing
609.799.0071
info@dataram.com
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