SAN DIEGO, Nov. 7 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), the fastest growing provider of mid-range storage solutions, and ATTO Technology, Inc., a worldwide manufacturer of Fibre Channel and SCSI storage-infrastructure solutions, today announced a joint strategic technology development agreement. The companies will collaborate on future interface technology applications that bring greatly-increased operating speeds to today's storage area networks (SANs).
"Overland is constantly evaluating the best technology from the best companies that will benefit end users of our tape automation solutions," said Robert Scroop, vice president and general manager of Overland's storage resource business unit. "ATTO's strong expertise in productizing today's emerging interface technologies will enable Overland to better satisfy our customers' needs across a wider range of network applications."
"Through our partnership with Overland, ATTO's technical expertise will accelerate the development of network interface technologies that help ensure Overland remains a prime choice in tape automation suppliers," said David Snell, chief technology officer for ATTO. "Our common goal, with this technology partnership, is to enable IT operations to protect and transport their valuable data with unprecedented speed and ease."
About ATTO Technology, Inc.
ATTO Technology, Inc., is a global leader in Fibre Channel and SCSI storage-infrastructure solutions for Content Creation and Enterprise environments. Since its founding in 1988, ATTO has been designing, manufacturing and marketing award-winning solutions specifically for data-intensive applications. ATTO distributes its products worldwide through original equipment manufacturers (OEMs), distributors, VARs and system integrators.
About Overland Storage
Overland Storage, Inc. (Nasdaq: OVRL) is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The company's reputation for delivering high availability products, including its award-winning automated storage libraries and the industry's first family of fully open storage management software solutions, sets the standard for intelligent, automated and scalable storage. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's Web site at www.overlandstorage.com .
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 or future 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 economic conditions and 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 any new hardware, software or other product introduction by the company and its competitors, general competition and price pressures in the marketplace and the company's ability to control costs and expenses. 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.
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For further information please contact investors, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, Inc., +1-858-571- 5555, cbond@overlandstorage.com ; or media, Jamie Cohen Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com , for Overland Storage, Inc.
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SOURCE Overland Storage, Inc.
-0- 11/07/2002
/CONTACT: investors, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, Inc., +1-858-571-5555, cbond@overlandstorage.com ; or media, Jamie Cohen Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com , for Overland Storage, Inc./
