Memory storage device maker InnoDisk plans to ramp up its production capacity by 50% to 700,000-800,000 units a month by the end of March 2014, with the increased capacity targeting the cloud computing segment, according to the company.

　　InnoDisk was founded in 2005 as a developer of industrial storage products. In 2007, the company built its own production lines and began to produce products in-house.

　　InnoDisk is now capable of producing 400,000-500,000 memory storage devices per month. The company said it has acquired a new factory to expand capacity, and expects the new capacity to come online in early 2014.

　　Meanwhile, InnoDisk has expanded its offerings to include products for aerospace and defense applications, and servers and data storage systems. The company noted it remains focused on niche market segments, and has expressed optimism about the growth potential of businesses related to cloud computing.

　　InnoDisk added its 2011 acquisition of US-based Actica, a specialist of memory modules for servers and workstations, enabled the company to speed up the development of its new product line for cloud computing systems. InnoDisk expects its entry in the field to drive future growth.

　　Currently, about 90% of InnoDisk's revenues are generated from sales of its industrial use products, mainly embedded flash storage devices. The company also makes embedded DRAM modules for IPC and PC embedded systems.

　　In other news, InnoDisk is scheduled to list on Taiwan's over-the-counter (OTC) stock market on November 27 at a tentative price of NT$62 (US$2.11) per share, according to the company.