Kimberly Alexy Board’s Director of Smart Modular Technologies

SMART Modular Technologies announced that Kimberly E. Alexy, 39, has been appointed to serve on the Company’s board of directors and its audit committee, effective September 1, 2009.

Ms. Alexy’s appointment to the board follows the June 23, 2009 resignation of Dipanjan Deb, who had served as a director since April 2004. Effective upon Ms. Alexy’s appointment, SMART’s board will continue to consist of nine directors, six of whom are independent under NASDAQ rules.

Ms. Alexy is the principal of Alexy Capital Management, a private investment management firm that she founded in 2005. From 1998 to 2003, she served as senior vice president and managing director of equity research for Prudential Securities and was its principal technology hardware analyst. Ms. Alexy has been recognized as ‘Best on the Street’ in the computer sector by the Wall Street Journal and ranked as a top equity research analyst by Institutional Investor Magazine. Prior to Prudential, Ms. Alexy served as vice president of equity research at Lehman Brothers, where she covered the computer hardware and storage sectors and composed research launch reports for the successful IPOs of companies including Maxtor Corp. and NetApp, Inc. Before joining Lehman Brothers, Ms. Alexy was assistant vice president of corporate finance at Wachovia Bank, where she worked on private placements, mergers and structured finance transactions.

In addition to SMART, Ms. Alexy serves on the boards of CalAmp Corp., which provides wireless datacom and satellite products, Dot Hill Systems Corp., which supplies storage systems and software, and SouthWest Water Company, which provides water and wastewater services. Previously, Ms. Alexy served on the board of Maxtor Corp., the second largest disk drive manufacturer until its acquisition by Seagate Technology in 2006.

Ms. Alexy is a Chartered Financial Analyst (CFA) and holds an M.B.A. with a concentration in Finance and Accounting from the College of William and Mary and a B.A. from Emory University.

"We are very pleased that Kimberly has joined SMART’s board," said Ajay Shah, chairman of the board of SMART. "Kimberly’s background in the equity markets and knowledge of the technology sector will strengthen the Company’s breadth and depth of expertise and help drive our business forward."

"On behalf of the board, I would like to extend our sincere appreciation to Dipanjan for his dedication and contribution to SMART," continued Shah. "Over the last five years his guidance and support have been invaluable, and we wish him all the best."