Celetron and Micron Announce Agreement for Celetron to Distribute Micron Products in India; Rising Demand for Micron's Products in India Met With Increased Presence and Resources

Business Wire, Feb 2, 2003

Business Editors/High-Tech Writers

BANGALORE, India--(BUSINESS WIRE)--Feb. 2, 2003

Micron Semiconductor Products, Inc., and Celetron International Ltd, today announced that they have signed a distribution agreement for Celetron to supply Micron products in India. As a leading international Electronic Manufacturing service (EMS) and semiconductor solutions provider, Celetron will distribute Micron's full line of semiconductor memory and imaging products.

"We believe our agreement with Celetron positions us well for meeting the current needs and future growth in India," said Mike Sadler, Micron's Vice President of Sales. "As we prepare for increased product volume from existing and new customers, we believe Celetron is the right organization to help us expand our distribution network. Serving and supporting our growing business in India is a high priority. Micron's new marketing office in Bangalore and increasing distribution network are some of the first steps in keeping pace with this growth."

"Celetron connects our India OEM customers to a wide range of value-added programs," added Fred Waddel, Micron's Worldwide Sales Director. "These programs, coupled with Celetron's excellent technical support, should allow Micron to provide excellent service to its customers."

"Micron's product offering and local and global presence will provide our customers with world class semiconductor solutions," said Harish Grover, Corporate Vice President of Celetron International Ltd. "Their focus on optimizing manufacturing efficiencies allows Micron to deliver cost-effective, high-quality products to the Indian market."

Micron Semiconductor Products, Inc., is a wholly owned subsidiary of Micron Technology, Inc. Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions used in today's leading-edge computing, consumer, networking, and communications products. Micron Technology, Inc., and its subsidiaries manufacture and market DRAMs, very fast SRAMs, Flash memory, TCAMs, CMOS image sensors, other semiconductor components and memory modules. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit its web site at www.micron.com.

Celetron is India's largest exporter of electronics, with over 20 years of experience in delivering complete end-to-end solutions for electronic OEMs. As a technology leader, the Company focuses on providing world-class engineering solutions in a cost-effective manner. Celetron's services include: precision electro-mechanical assembly (including optical components); PCB and memory-module test and assembly; the manufacture of power conversion equipment and RFID products; box-build and systems integration; and the supply of design, engineering, and other prototype services. Its manufacturing operations (with fulfillment facilities in Asia, the United States, and Europe) are ISO 9002 certified and are principally located in India and Sri Lanka, consisting of approximately 500,000 square feet of assembly capacity, including 300,000 square feet of Class-100 clean-rooms. To learn more about Celetron International, Ltd., visit its web site at www.celetron.com