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| 8-K - ZCO LIQUIDATING Corp | v178952_8k.htm |
OCZ
TECHNOLOGY GROUP APPOINTS ADAM EPSTEIN, RICHARD L.
HUNTER
AND SUNIT SAXENA TO ITS BOARD OF DIRECTORS
Financial
and Technological Veterans Add Significant Depth to Board
SAN JOSE, CA—March 29,
2010—OCZ Technology Group (OTCBB: OCZT), a leader in high performance and
reliable memory and flash-based storage as an alternative to hard disk drives
(HDDs), has appointed Adam Epstein, Richard L. “Dick” Hunter and Sunit Saxena to
its Board of Directors, all of whom have been determined to be independent
directors effective as of March 23, 2010.
Mr.
Epstein, age 44, is the founding principal of Third Creek Advisors, LLC, which
provides corporate finance advice to management and directors of small
companies. He has been with that firm since January
2010. From 2003 to 2009, Mr. Epstein was a principal at Enable
Capital Management, LLC, an investment firm that provides growth financing to
publicly-traded companies and which he co-founded. Mr. Epstein
previously held managerial roles with Surge Components, Inc., MailEncrypt, Inc.,
Tickets.com, Inc., and Achilles' Wheels, Inc. Mr. Epstein started his
career as an attorney at the law firm of Brobeck, Phleger &
Harrison. He received a bachelor’s degree, cum laude, from Vassar
College, and a J.D. from Boston University.
Mr.
Hunter, age 57, since 2008 has been a partner with Daylight Partners, a venture
capital firm. From 1998 to 2008, Mr. Hunter was with Dell, Inc., a
computer manufacturer and services company, where he most recently served as
Vice President of Consumer Technical Support and Customer Service and was
responsible for managing over 14,000 customer service agents. For
seven years, Mr. Hunter led Dell’s Americas manufacturing
operations. Mr. Hunter previously served in managerial roles with
Matco Electronics, Texas Instruments, Incorporated, Ericcson/General Electric,
Ryan Homes, Exide Electronics and General Electric Company. He
currently serves on the boards of several privately held
companies. Mr. Hunter received a bachelor’s degree in mechanical
engineering from Georgia Tech.
Mr.
Saxena, age 51, in 2002 co-founded Altierre Corporation, a privately-held
provider of wireless solutions for large retail chains, including sensors,
digital display tags and signage, and has served since then as its President and
Chief Executive Officer. He previously held managerial roles in
several companies, including Alliance Semiconductor Corporation and Sandcraft,
Inc. Mr. Saxena holds a master’s degree in computer engineering from
Syracuse University and a master’s degree in solid state physics from the Indian
Institute of Technology in Delhi, India.
Ryan
Petersen, the company’s president Chief Executive Officer, commented: “Adam
Epstein, Dick Hunter and Sunit Saxena collectively bring a tremendous amount of
business experience and ability to OCZ, and we are pleased to have them serve on
our board. Adam’s financial wisdom and legal acumen, as well as his
experience outside of finance and law, will play an important role as we
grow. Dick’s knowledge of the high tech business derived from his
work at Dell and Texas Instruments is significant. And Sunit’s professional
expertise derived from his work at Altierre, Alliance, and Altera is
outstanding. We expect their combined expertise and experience to be a valuable
asset as we work to accelerate our solid state drive
business.”
About
OCZ Technology Group, Inc.
Founded
in 2002, San Jose, CA-based OCZ Technology Group, Inc. (“OCZ”), is a leader in
the design, manufacturing, and distribution of high performance and reliable
Solid State Drives (SSDs) and premium computer components. OCZ has built on its
expertise in high-speed memory to become a leader in the SSD market, a
technology that competes with traditional rotating magnetic hard disk drives
(HDDs). SSDs are faster, more reliable, generate less heat and use significantly
less power than the HDDs used in the majority of computers today. In addition to
SSD technology, OCZ also offers high performance components for computing
devices and systems, including enterprise-class power management products as
well leading-edge computer gaming solutions. For more information, please visit:
www.ocztechnology.com.
Forward-Looking
Statements
Certain
statements in this release relate to future events and expectations and as such
constitute forward-looking statements involving known and unknown factors that
may cause actual results of OCZ Technology Group, Inc. to be different from
those expressed or implied in the forward-looking statements. In this context,
words such as “will,” “would,” “expect,” “anticipate,” “should” or other similar
words and phrases often identify forward-looking statements made on behalf of
OCZ. It is important to note that actual results of OCZ may differ materially
from those described or implied in such forward-looking statements based on a
number of factors and uncertainties, including, but not limited to, market
acceptance of OCZ’s products and OCZ’s ability to continually develop enhanced
products; adverse changes both in the general macro-economic environment as well
as in the industries OCZ serves, including computer manufacturing, traditional
and online retailers, information storage, internet search and content providers
and computer system integrators; OCZ’s ability to efficiently manage material
and inventory, including integrated circuit chip costs and freight costs; and
OCZ’s ability to generate cash from operations, secure external funding for its
operations and manage its liquidity needs. Other general economic, business and
financing conditions and factors are described in more detail in “Item 1A – Risk
Factors” in Part II in OCZ’s Quarterly Report on Form 10-Q filed with the SEC on
January 14, 2010. The filing is available both at www.sec.gov as well as via
OCZ’s website at www.ocztechnology.com. OCZ does not undertake to update its
forward-looking statements.
Contact:
OCZ
Technology Group, Inc.
Ryan
Petersen, CEO, 408-733-8400
or
The
Investor Relations Group
Investor
Relations:
Adam
Holdsworth, 212-825-3210
or
Public
Relations:
Robin
O’Malley or Mike Graff, 212-825-3210