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4DS Memory (ASX:4DS) - Non Executive Chairman, Jim Dorrian
Non Executive Chairman, Jim Dorrian
Source: InsideMarket
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  • 4DS Memory (4DS) has announced that HGST has signed on to renew their joint venture, marking the seventh consecutive year
  • HGST is a subsidiary of Western Digital Corporation, a computer hard disk drive manufacturer and data storage company
  • HGST has renewed the agreement well ahead of its June 30 due date which is a testament to the long standing partnership
  • On the market this morning, 4DS is up 2.33 per cent and is selling shares for 4.4 cents each

4DS Memory (4DS) has announced that HGST has renewed their joint venture agreement, which makes it the seventh consecutive year.

HGST is a subsidiary of Western Digital Corporation, an American computer hard disk drive manufacturer and data storage company.

The joint venture agreement between the companies enhances the evolution of 4DS’ data storage and memory technology.

HGST has signed the agreement well ahead of its due date, with the initial renewal due date being June 30 2020.

CEO and Managing Director Dr Guido Arnout is pleased with the early renewal.

“It is extremely encouraging that Western Digital and HGST continue to renew the joint development agreement and we look forward to working closely with their respective technical and corporate teams during the term of this extension,” he said.

Yesterday, 4DS reported that it is still locked out of its San Fransico facility due to lockdown measures.

San Francisco health officers are extending the stay-at-home restrictions through May to help stop the spread of COVID-19.

On the market this morning, 4DS is up 2.33 per cent and is selling shares for 4.4 cents each at 11:59 am AEST.

4DS by the numbers
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