SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced that its strategic investment arm, SanDisk Ventures, has invested in Pebbles Interfaces. Pebbles, based in Israel, develops hardware and software that provides simple and intuitive 3D gesture interaction with computing, communications and consumer electronics devices.
The investment extends SanDisk’s involvement in an industry that potentially provides a look into the future of human-machine interaction. In the same way that using touch as an interface enabled the creation of tablet computing and a whole new generation of smartphones, gesture-based interfaces hold great promise for revolutionizing the user experience.
“The technology being developed by Pebbles Interfaces has the potential to become a key element in how people interact with their digital devices in the future,” said Sumit Sadana, executive vice president and chief strategy officer, SanDisk. “We believe that human gestures and human interaction have the potential to unleash exciting new applications and product categories, which in turn, will drive increased demand for flash memory solutions.”
Pebbles extends human gestures into the digital world by providing high-resolution 3D gesture control at minimal cost, computing power and latency. The company’s technology enables smartphones, wearable computing devices, smart TVs and other gear to be controlled by human gestures. As a result, SanDisk and Pebbles believe the technology may drive new use cases and applications that will consume more flash memory-based storage.
“We are extremely happy to have SanDisk as an investor – bringing us their vast knowledge of OEM markets, next generation devices and intellectual property strategies,” said Emil Alon, chief executive officer, Pebbles Interfaces. “In line with our vision to naturally interact with everything, our gesture technology enables smartphones, PCs, smart TVs and other devices to be controlled by natural and intuitive human gestures. We believe our technology will revolutionize the way people interface with devices.”
SanDisk launched SanDisk Ventures in 2012 with the goal of investing $75 million over a three-year period in select companies with promising technologies that extend the value proposition of flash memory in targeted applications. By collaborating with SanDisk, companies like Pebbles gain access to SanDisk’s broad product portfolio and world-class technical expertise, as well as expanded customer and channel opportunities. Specific financial details for today’s investment were not disclosed.
SanDisk Corporation (NASDAQ: SNDK) is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for commercial and retail channels. Since 1988, SanDisk's innovations in flash memory and storage system technologies have provided customers with new and transformational digital experiences. SanDisk's diverse product portfolio includes flash memory cards and embedded solutions used in smart phones, tablets, digital cameras, camcorders, digital media players and other consumer electronic devices, as well as USB flash drives and solid-state drives (SSD) for the computing market. SanDisk's products are used by consumers and enterprise customers around the world.
SanDisk is a Silicon Valley-based S&P 500 and Fortune 500 company, with more than half its sales outside the United States. For more information, visit www.sandisk.com.
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This news release contains certain forward-looking statements, including expectations for the market for products incorporating technology from other companies that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Other risks may detailed from time-to-time under the caption “Risk Factors” and elsewhere in our Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.
Tom Beermann, 408-801-1443