New Memory Units Underway For XboxM-Systems Flash Disk Pioneers Ltd., the developer of the Smart DiskOnKey(R) platform, has entered into a technology development agreement with Microsoft Corporation. Under the agreement, M-Systems will develop customized memory units for future Xbox(R) products and services. "Although Microsoft is not obligated to purchase any memory units under the agreement, we believe that this agreement could represent a significant opportunity for M-Systems," said Dov Moran, president and CEO of M-Systems. About M-Systems' Smart DiskOnKey Platform The Smart DiskOnKey platform is comprised of solutions offering M-Systems' customers the option to choose from M-Systems' existing product lines or to design their own form factor while still using M-Systems' internal architecture. The DiskOnKey product line offers fast data transfer speeds combined with reliability and ease-of-use. M-Systems' Smart DiskOnKey platform offers the flexibility to extend the use of the device beyond simple data storage to meet other requirements, such as functioning as a secure access device or as a smart card. M-Systems' proprietary flash management software, True Flash File System (TrueFFS), is an integral component of the Smart DiskOnKey platform.