Tape Library is Again Honored for Modular Architecture and Outstanding Performance
SAN DIEGO, Jan. 8 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, announced today that its Neo Series(TM) 4000 has been named Storage Magazine/SearchStorage.com's Product of the Year, awarded "Gold" in the Backup Hardware category. The Product of the Year Awards, selected by the editors of Storage Magazine and SearchStorage.com, honor the best storage products for enterprise IT professionals based on innovation, performance, ease of integration, ease of use and manageability, functionality, and value.
The Neo Series 4000 is the newest member of the Neo Series family of tape libraries, aimed at the enterprise tape backup application. It uses the highly acclaimed Neo Series architecture to deliver backup capacity ranging from four to 96 terabytes and data transfer rates of 43 to 3,456 gigabytes per hour compressed.
"We are proud that the industry's best storage-specific information resource has selected the Overland Neo Series 4000 as the product of the year in its class," said Robert Scroop, vice president and general manager of Overland's storage resource business unit. "Storage Magazine and SearchStorage.com have recognized the Neo Series for its unprecedented levels of availability, investment protection and flexibility."
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 Overland Neo Series 4000 and the other Products of the Year are featured in the January issue of Storage Magazine and on SearchStorage.com.
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.
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/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/
