- Originally Incorporated in New Jersey in 1967
- Common Stock Publicly Traded Since 1968
PRINCETON, N.J., May 12, 2017 (GLOBE NEWSWIRE) -- 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 Statement
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 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
