SAN DIEGO--(BUSINESS WIRE)--Aug. 30, 1999--
Leading Independent Manufacturer in Under 40 Cartridges Category
Overland Data Inc. (NASDAQ:OVRL), a technology leader in data storage and backup products, announced it has now shipped more than 15,000 DLTtape automated tape libraries and loaders based on the company's LibraryXpress(TM) platform.
Numbers supplied by Santa Barbara, Calif.-based analysts, Freeman
Associates, verify the success of these products, showing Overland as
the leading independent manufacturer of tape libraries in the under 40
cartridges category, with more than 26 percent of the market (actuals
1996 through 1998).
Examples of the LibraryXpress momentum are: Sybase (NASDAQ:SYBS),
one of the world's largest software companies, selected the
LibraryXpress as its global corporate standard backup platform, and
Aurora Health Care has also standardized on the LibraryXpress for all
of its regional health care facilities. Tech Data (NASDAQ:TCD), Ingram
Micro (NYSE:IM), and Bell Microproducts (NASDAQ:BELM), leading
national distributors, are carrying the product, and Compaq (NYSE:CPQ)
has selected the LibraryXpress as an integral part of its ProLiant(a)
server line offerings.
"The LibraryXpress products combine high reliability, tremendous
scalability, investment protection and ease-of-use. This, coupled with
the almost universal software compatibility, has enabled Overland to
win over 15 major editorial awards and fueled this tremendous
success," said Steve Richardson, Overland's vice president of
Marketing.
All LibraryXpress products come with a unique customer service
and protection program, Overland's GUTS(TM) warranty. Under this
program, Overland warrants that the LibraryXpress will deliver a
minimum of 99 percent uptime reliability with 100 percent restore
functionality for the first three years of ownership. If the unit
fails to meet the standard of up and running 99 percent of the time,
Overland will extend the warranty for an additional year. If a tape
written on the unit cannot be restored, Overland will offer to take
back the library for a full refund.
Overland President and Chief Executive Officer Scott McClendon
noted that Overland has strategically evolved its business and product
mix to focus on unbeatable automated storage solutions from
entry level to enterprise solutions. "The architectural approach taken
in the LibraryXpress product line, with its scalable and reliable
design, has resulted in storage solutions that not only have won
editorial awards, but have received exceptional worldwide acceptance
by users, Overland reseller partners and the most discriminating
OEMs," said McClendon.
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)
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.
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.
Note to Editors: DLT and DLTtape are registered trademarks of
Quantum Corp.
(a) A trademark or tradename of an entity other than Overland
Data.
--30--mk/la* ma/la
CONTACT: Overland Data Inc., San Diego, 619/571-5555
Steve Richardson (Product Information)
srichardson@overlanddata.com
http://www.overlanddata.com
Investor Relations Information:
Scott McClendon
smcclendon@overlanddata.com
Vernon LoForti
vloforti@overlanddata.com
or
JPR Communications
Judy Smith, 818/386-0403
jprcommun@aol.com
http://www.jprcom.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
