SAN DIEGO, Nov. 20 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, announced today its support for Hewlett-Packard's (NYSE: HPQ) LTO Generation 2 tape drive, the largest capacity and fastest performance tape drive currently available.
HP and Overland have collaborated to integrate LTO Generation 2 in Overland's Neo Series(TM) tape libraries. With 400 GB compressed capacity and speeds of up to 60 MB/sec compressed, LTO Generation 2 doubles the capacity and performance of the first generation tape products.
"Offering the Neo Series with the latest technology demonstrates Overland's ongoing commitment to optimize tape automation throughout IT data centers to best meet our customers needs," said Robert Scroop, vice president and general manager of Overland's storage resource business unit. "Our LTO partnership with HP enables us to deliver unmatched performance and capacity with a time to market advantage."
Overland's enterprise libraries provide nonstop operation and expansion on demand, allowing customers to build as they grow, while protecting their original capital investment. The high availability configuration of the Neo Series, including Live Swap(TM) technology and redundant components such as power supplies, tape drives and Fibre Channel-to-SCSI bridges, greatly reduces unscheduled downtime and increases IT productivity. The Neo Series also can be easily upgraded in the field to install new drive technology, further extending long-term value to the customer. Overland also offers the largest tape density, terabyte per square foot, saving premium floor space in data centers for other IT products.
The Neo Series with LTO Generation 2 is compatible with leading software on Windows, HP-UX, Solaris, NetWare, and Linux operating systems.
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.
SOURCE Overland Storage, Inc.
/CONTACT: investors, Cynthia A. Bond, Director of Corporate Communications of Overland Storage, +1-858-571-5555, cbond@overlandstorage.com; or media, Jamie Ernst of Brodeur Worldwide, +1-310-316-9335, jernst@brodeur.com, for Overland Storage, Inc./
