"Overland automated DLTtape library products offer Compaq a
significant opportunity to position various configurations and
solutions across a broad range of system applications," said Scott
McClendon, Overland president and CEO. "Overland will help Compaq
address the need for expandable, flexible solutions in this fast-paced
market."
The Compaq decision to select Overland as an OEM supplier was
based on rigorous product testing, significant features that Overland
products offer the market and an in-depth vendor evaluation period to
assure the consistent high level of product quality and vendor
excellence demanded by Compaq and its customers.
"Working with Overland provides us with an opportunity to expand
Compaq offerings of scalable automated storage solutions, and provide
our customers with the level of technology excellence and reliability
they have come to know from Compaq," said Jeff Jenkins, manager Data
Products Marketing at Compaq.
"Compaq continues to make strategic commitments to tape library
automation as a key element of their total storage architecture," said
Michael Peterson, president of Strategic Research. "The relationship
with Overland is further evidence that Compaq is providing its
customers with 'best-of-class' solutions for backup and tape storage
applications."
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(tm)
SmartScale Storage(tm) 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.
Note to Editors: DLTtape is a registered trademark of Quantum
Corp. All others are trademarks or trade names of their respective
owners.
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 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.
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CONTACT: Overland Data Inc., San Diego
619/571-5555
Steve Richardson (product information)
E-mail: srichardson@overlanddata.com
World Wide Web: http://www.overlanddata.com
Scott McClendon (investor relations information)
E-mail: smcclendon@overlanddata.com
Vernon LoForti (investor relations information)
E-mail: vloforti@overlanddata.com
or
JPR Communications
Judy Smith, 818/386-0403
E-mail: jprcommun@aol.com
Home Page: http://www.jprcom.com
