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8-K - ZCO LIQUIDATING Corp | v205475_8k.htm |
Ocz
Technology Group Receives First Tier One Oem Mass Production Order Of Mlc Based
Solid State Drives
OCZ
MLC-Based Deneva Series 240GB SSDs Enable Enhanced Performance in Enterprise
Storage Applications
San Jose,
CA — December 9, 2010 — OCZ Technology Group, Inc. (Nasdaq: OCZ), a leading
provider of high-performance solid-state drives (SSDs) and memory modules for
computing devices and systems, today announced that it has secured mass
production quantity orders of its Deneva Series MLC-based Enterprise
SSD in 240GB capacities from a Tier 1 OEM. The Deneva is being
deployed as an enterprise storage solution for use in data center applications
and shipments are expected to begin in OCZ's fiscal 4th quarter ending February
2011. Initial orders are expected to be in the 5-15 thousand units per quarter
range, with initial ASP’s in the $300-$500 range.
“OCZ is
committed to developing SSD solutions that help our clients address the growing
need for higher performing and more reliable enterprise-class storage,” said
Ryan Petersen, CEO of OCZ Technology Group. “We are pleased to have our Deneva
line of fully customizable SSDs selected by a Tier 1 OEM and expect that OCZ
MLC-based SSDs will continue to gain momentum within the enterprise
space.”
The
Deneva Series SSD exemplifies OCZ's continued technology leadership in MLC-based
SSD technology for use in enterprise storage and server applications and
delivers up to 50,000 IOPS, enabling greater overall performance and
productivity. Deneva architecture not only delivers attractive price to
performance ratios, but provides enterprise-class endurance, power
loss protection and enhanced error correction algorithms
in a wide variety of storage protocols, all while using cost effective MLC NAND
flash .
OCZ SSD
solutions help overcome the performance, durability, and maintenance obstacles
inherent to traditional mechanical HDD storage. In addition to the superior
design, reliability, and speed, OCZ's ability to provide custom MLC-based solid
state solutions to enterprise OEMs ensures ultimate compatibility, reliability
and superior total cost of ownership.
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 as leading-edge computer gaming solutions. For more information, please
visit: www.ocztechnology.com.
The OCZ
Technology Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7439.
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.