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Overland Storage Announces Compatibility of Emulex 2 Gb/s HBAs With Overland SRM Software

January 30, 2003

SAN DIEGO, Jan. 30 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, today announced that it has completed compatibility testing of Emulex Corporation's (NYSE: ELX) 2 Gb/s family of Fibre Channel Host Bus Adapters (HBAs) with Overland's Storage Resource Manager (SRM) software. Overland SRM customers now can benefit from complementary Emulex products in their storage area networks.

"Interoperability is key in today's increasingly complex IT environments," said John Cloyd, vice president and general manager of Overland's storage management business unit. "Working with interoperability partners like Emulex demonstrates to our customers that industry-leading products can work together, resulting in greater productivity and guaranteeing ROI faster than what is currently expected."

IT professionals selecting Emulex products can be confident they will work seamlessly with Overland as a result of the SRM software's open architecture.

"Overland SRM's compatibility with Emulex's 2 Gb/s family of HBAs provides end users with a cost-effective, scaleable and heterogeneous product offering," said Mike Smith, executive vice president of worldwide marketing for Emulex. "As the world's leading supplier of HBAs, Emulex will continue to work closely with companies like Overland to ensure the deployment of high performance storage networking solutions."

Overland SRM lets IT departments know exactly what data resides on the network, what should be saved, what can be moved to tape storage and what can be deleted. It helps to increase network reliability, strategically deploy existing and future assets, and facilitate backup and disaster recovery in heterogeneous environments. Features include automated policy management, instant reporting, comprehensive notification tools, and easy storage and system performance tracking.

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 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 continuing transitional issues at the Company's major OEM customer, 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 launch of the company's new software products, its competitors or its licensees, 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 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.

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/CONTACT: Investor Relations, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, Inc., +1-858-571-5555, cbond@overlandstorage.com; or Media Inquiries, Jamie Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com, for Overland Storage, Inc./