APLUS HOSTS TAIWAN CHIAO-TUNG UNIVERSITY DELEGATION AND SHARES ITS IP BUSINESS MODEL STRATEGIES


San Jose, California, August 13, 2003 - Aplus Flash Technology, a leader in nonvolatile memory, recently hosted an 8-person delegation from Taiwan's prestigious Chiao-Tung University, headed by Dr. Han-Lin Li, the Dean of the School of Management. The delegation consisted of various professors and university staff from the University, including Dr. Hsiao-Cheng Yu, the Associate Dean, Dr. Chian Young, the Director of eMBA, Dr. An-Bin Chen, the Director of Institute of Information Management, and Dr. Po Lung Yu, a Professor of Institute of Information Management. Additional guests included Dr. Cheng F. Lee, a Professor at Rutgers University, Mr. Wen-Cheng Bai, Chairman of Polaris Securities Group, and Mr. Kuo-An Liu, the Executive Assistant to the President at Polaris.

The main purpose of the delegation was to become more familiar with the typical business operations of a Silicon Valley startup, particularly fabless companies focused on IP licensing. Aplus presented its complete range of embedded NVM IP offerings, as well as its strategies in its business models. Aplus highlighted four areas of focus in its IP business model strategy: 1) Offering a flexible business model of NRE, royalty and wafer sales to generate recurring revenue, 2) Shortening the turnaround time and lowering the costs associated with acquiring third party IP, 3) Focusing on becoming a "one-stop-shop" for customers needing NVM IP, and 4) Retaining leadership by maintaining a high level of innovation in the NVM field. In addition to learning more about the startup business environment in Silicon Valley, the delegation is also promoting its MBA program in the US, particularly to Chinese-Americans. The meeting ended with a press conference at China Stix restaurant in Santa Clara.

About Aplus Flash Technology:
Aplus Flash Technology, Inc., was founded in 1998 as a fabless design company. Our founders, Peter W. Lee et al. are pioneers and leaders in nonvolatile memory (NVM) technology specializing in embedded NVM memory IP. Our product line includes memory products like ROM, OTP EPROM, NTP and EEPROM, with Flash under way. It also encompasses embedded designs such as ROM, OTP, NTP, EEPROM, low-density Flash + EEPROM and MaxFlash embedded. Aplus' embedded licensees include leading global semiconductor companies and our foundry connections span worldwide in countries including Taiwan, Korea and China. For more information, please visit: www.aplusflash.com.

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For more information about Aplus and our product offerings, please contact:

Christine Lee
Aplus Flash Technology, Inc.
780 Montague Expressway, Suite 401
San Jose, CA 95131
USA
(408)382-1100 x209