SAN DIEGO--(BUSINESS WIRE)--Aug. 17, 1999--Overland Data Inc. (Nasdaq:OVRL), a technology leader in data storage and backup products, Tuesday announced that after extensive and successful testing and integration, its full line of tape automation solutions is now available with Quantum's (Nasdaq:QNTM) new DLT 8000(tm) drive technology.
Overland's comprehensive line of automation solutions ranges from
the affordable automation enabled by the LoaderXpress(tm) to its new
multi-terabyte EnterpriseXpress(tm) DLTtape library.
Steve Richardson, vice president of marketing at Overland, said
that DLT 8000 is an attractive option to Overland customers because of
the performance and capacity gains achieved when used in an automated
storage system. In a fully loaded EnterpriseXpress, for example,
capacity is increased by 480 GB and the transfer rate is increased by
20 percent.
"We are pleased to be one of the first storage automation vendors
to ship DLT 8000 solutions to meet our customers' requirements for
increased performance and storage capacity," said Richardson.
Richardson also noted, "The DLT 8000 is the latest in a long line
of successful compatible tape drives that assures Quantum DLTtape's
continued dominance in the network server backup marketplace."
"Quantum's automation partners, including Overland, will play a
pivotal role in the migration from current DLTtape systems to the new
DLT 8000 platform we're shipping today to OEMs," said Bill Boles, vice
president, marketing, Quantum DLTtape division. "Overland's strength
and heritage in the DLTtape library market will be an asset in rolling
the new platform extension out to the end user, and ultimately, in
garnering wide market acceptance."
Quantum's DLT 8000 drives provide a native capacity of 40 GB,
with data transfer rates at 6 MB/sec compared to 35 GB and 5 MB/sec
for DLT 7000. Head life increases to 50,000 hours vs. 30,000 hours on
the DLT 7000 drives. DLT 8000 drives are backward read-and-write
compatible with DLT 4000 and DLT 7000 formats and use the same DLT IV
cartridge as DLT 7000 drives.
MSRP pricing for Overland DLTtape units with DLT 8000 drives is
as follows: LoaderXpress - $12,095, MinilibraryXpress(tm) - $17,045,
LibraryXpress(tm) - $19,641 and EnterpriseXpress - $41,140.
About Overland
Overland is a global supplier of storage automation solutions and
related technologies designed to meet and surpass the critical
requirements of high-availability network computing environments, from
entry level to the enterprise.
The company is a recognized leader in technology innovation for
such achievements as the award-winning DLT LibraryXpress SmartScale
Storage(R) architecture that establishes new standards for intelligent
automated storage and scalability, and the patented (No. 5,815,514)
Variable Rate Randomizer (VR2(tm)) data encoding technology that can
significantly increase the capacity and throughput of linear tape
formats.
Overland has also earned a worldwide reputation for unmatched
product quality and innovative warranty programs such as the
Guaranteed Up Time Service (GUTS(tm)) Program that dramatically reduce
the total cost of ownership. The company's award-winning products meet
the critical needs of end users, distributors and OEMs in industries
worldwide.
The following statement by Quantum Corp. is attached to this news
release at its request:
The foregoing statements regarding the roles played by Quantum
and its tape library associates, and the wide application anticipated
for its products, constitute forward-looking statements, and actual
results could vary. Factors that could affect results include the
performance of Quantum's and their associates' products; the market
acceptance of those products; and Quantum's and its associates'
ability to develop this market and sell their products in a
competitive environment.
The following is a statement by Overland:
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 "believes,"
"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 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 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.
Note to Editors: DLT and DLTtape are registered trademarks of
Quantum Corp.
--30--SJK/la* WJA/la
CONTACT: Overland Data Inc., San Diego
619/571-5555
Steve Richardson (product information)
E-mail: srichardson@overlanddata.com
Scott McClendon (investor relations information)
E-mail: smcclendon@overlanddata.com
Vernon LoForti (investor relations information)
E-mail: vloforti@overlanddata.com
World Wide Web: http://www.overlanddata.com
or
JPR Communications, Encino, Calif.
Judy Smith, 818/386-0403
E-mail: jprcommun@aol.com
Home Page: http://www.jprcom.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
PRODUCT
