SAN DIEGO, July 3, 2003 – Overland Storage (NASDAQ: OVRL), a leading provider of storage solutions, today announced support for Microsoft Corp.'s newly-released iSCSI software drivers including Microsoft Windows® Server 2003, Windows 2000 SP3, and Windows XP SP1 drivers. Microsoft's iSCSI Software Initiator enables Overland to offer Microsoft's enterprise-class and mid-tier customer base an affordable means of building high performance data protection networks using familiar and inexpensive Ethernet components.
"Microsoft's release of iSCSI software drivers for the most popular Windows systems makes it easier than ever for our customers to take advantage of accelerated Disk-to-Disk-to-Tape (D2D2T) backup using well-established TCP/IP storage networking functionality," said John Matze, iSCSI standard co-architect and Overland's CTO. "Windows-based servers are producing more and more business-critical data within our enterprise and mid-tier customer base. Microsoft's iSCSI software driver release immediately enables these servers to take advantage of high-speed D2D2T."
The Internet Engineering Task Force recently ratified the iSCSI standard for facilitating data transfers over intranets and to manage storage over long distances.
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 delivers high availability products, including award-winning automated storage libraries that set 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.
CONTACT INFORMATION:OVERLAND STORAGE INVESTOR RELATIONS:
Cynthia A. Bond, Director of Corporate Communications
cbond@overlandstorage.com
(858) 571-5555
MEDIA INQUIRIES:
Jamie Ernst
Brodeur Worldwide
jernst@brodeur.com
(310) 316-9335
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 continuing transitional issues at the Company's major OEM customer, 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 new product introductions by the Company, including the Company's new software products, its competitors or its licensees, the timing and amount of licensing royalties, general competition and price pressures in the marketplace, the Company's ability to control costs and expenses and economic conditions. 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.
