SAN DIEGO, Sept 27, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Overland Storage, Inc. (Nasdaq: OVRL) today celebrates 25 years of protecting critical data. Founded in September 1980, Overland has established itself as an industry leader and innovator with a full range of award-winning solutions including the NEO SERIES of tape libraries; the best-selling REO SERIES(TM) of disk-based backup and recovery appliances; and its new primary storage offering to be announced later this year.
"From our modest beginnings developing nine-track tape technologies to our current position as a leader in disk-based backup and recovery and tape automation, Overland has remained dedicated to one thing -- delivering solutions that ensure that customer data is automatically safe, readily available and always there," said Christopher Calisi, president and CEO, Overland Storage. "As proud as we are of our history, we're even more excited about the innovations to come. We look forward to becoming the first company to effectively offer three tiers of storage designed to work together, affordably, to protect critical data for midrange companies."
"The storage industry has seen tremendous change and growth in the last two decades, and Overland has played an important role in driving innovation," said Arun Taneja, president, Taneja Group. "With a reputation for technical excellence, a strong channel, a loyal customer base and a compelling vision for the future, Overland is poised to make the next 25 years even more successful than the last."
With more than 20,000 customers to its credit, Overland provides solutions to the world's most successful organizations, including the American Medical Association, the BBC, Carnegie Mellon University, Continental Airlines, The Golf Channel, National Instruments, Oxford University, Rand McNally, Sage Telecom, Shamrock Foods and Vanderbilt University. Many of these companies have been loyal customers for years, including Dresser Rand, which has been using Overland products for nearly a decade.
Overland's corporate milestones encompass a number of awards and achievements. Recent highlights include:
* August 2005 -- Overland acquires Zetta Systems, paving the way for
Overland's entry into the primary storage market.
* June 2005 -- The REO 4000 is named Disk Product of the Year 2005 at
the Storage Awards, or Storries, beating products from IBM, EMC
and HP.
* March 2005 -- Overland is first to ship more the 1,000 disk-based
backup and recovery appliances.
* August 2004 -- Enterprise Strategy Group names Overland market leader
in disk-based backup and recovery.
* October 2003 -- Overland launches the REO SERIES of disk-based backup
and recovery appliances.
* September 2003 -- Deloitte & Touche names Overland Storage one of
San Diego's fastest growing companies.
* January 2003 -- Overland's NEO 4000 is named Product of the Year by
Storage Magazine.
* 2001 -- Overland introduces the NEO SERIES of scalable libraries.
"Overland has always looked ahead, anticipating customers' data protection needs and delivering technology and support that enables us to bring the most valuable solutions to our customers," added John Thome, Sr. president of Chi Corporation, an Overland VAR since 1994. "We have witnessed first-hand Overland's commitment to providing the best technology and look forward to many more years of collaboration. Congratulations, Overland!"
About Overland Storage
Now in its 25th year, Overland Storage is a market leader and innovative provider of simply protected storage solutions -- smart data protection appliances and software modules designed to work together, affordably, to ensure that information is automatically safe, readily available and always there. Overland's award-winning data protection solutions include the REO SERIES(TM) of disk-based backup and recovery appliances and the NEO SERIES(TM) of tape libraries. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at www.overlandstorage.com.
Overland, Overland Storage, REO SERIES, NEO SERIES and Protection OS are trademarks of Overland Storage, Inc.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward looking. Such forward-looking statements are not guarantees of performance and the company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include delays, unbudgeted expenses, inefficiencies and production problems that may result from the transition of manufacturing to Sanmina-SCI; difficulty of predicting sales to the company's major OEM customer; worldwide information technology spending levels; unexpected shortages of critical components; rescheduling or cancellation of customer orders; loss of a major customer; the timing and market acceptance of new product introductions by the company, including the company's new REO products, competitors or licensees of the company; the timing and amount of licensing royalties; general competition and price pressures in the marketplace; the company's ability to control costs and expenses; and general economic conditions. Reference is also made to other factors set forth in the company's filings with the Securities and Exchange Commission, including the "Risk Factors," "Management's Discussion and Analysis" and other sections of the company's Form 10-K for the most recently completed fiscal year. These forward-looking statements speak only as of the date of this release and the company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
SOURCE Overland Storage, Inc.
Melinda Hutcheon,
PR Manager,
Overland Storage, Inc.,
+1-858-495-4187,
mhutcheon@overlandstorage.com;
or Jamie Ernst of Brodeur,
+1-210-495-5757,
jernst@brodeur.com, for Overland Storage, Inc.
