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SanDisk Co-founder And Former CEO, Eli Harari, Receives IEEE Milestone Recognition. (Photo: Business Wire)

Stocks in this article: SNDK

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced the IEEE has awarded a prestigious IEEE Milestone in Electrical Engineering and Computing award for the floating gate EEPROM, a significant technological innovation that enabled data storage in flash memory.

SanDisk co-founder and former CEO, Eli Harari, receives IEEE milestone recognition. (Photo: Business ...

SanDisk co-founder and former CEO, Eli Harari, receives IEEE milestone recognition. (Photo: Business Wire)

IEEE, the world’s largest technical professional association, will recognize the achievement at a ceremony tonight at the Computer History Museum in Mountain View, Calif. Developed by Dr. Eli Harari, SanDisk’s co-founder and retired CEO, floating gate EEPROM technology fostered the use of flash memory in smartphones, tablets and other consumer electronics devices that enable today’s smart digital lifestyle.

“The IEEE Milestone recognizes the breakthrough technology of the floating gate EEPROM which proved the practicality, reliability, manufacturability and endurance of semiconductor-based data storage,” said Dr. Gordon Day, IEEE President. “It is the fundamental technology that allows ubiquitous personal access to data through new types of personal computing and communications devices.”

Today, flash memory is a $26 billion market and is used in billions of products worldwide. Due to its combination of fast performance, ruggedness, small footprint and low power consumption, flash memory is used in a growing number of applications—whether it is an SSD in a financial data center efficiently and reliably managing high volume transactions, a memory card that captures photos and videos or a USB flash drive that stores and transfers important work files.

“Eli’s vision and ability to see new market opportunities for flash storage in a wide range of portable electronic devices was years ahead of others,” said Sanjay Mehrotra, president and CEO, SanDisk Corporation. “His pioneering work on nonvolatile memory and leadership in the development of system flash eventually led to the creation of the hugely successful flash memory industry and established SanDisk as a global leader.”

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