SAN JOSE, CA--(Marketwired - May 20, 2013) - OCZ Technology Group, Inc. (OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that its 100GB SATA III enterprise-class Deneva 2 SSDs are now qualified on NETGEAR® (NTGR) ReadyDATA™ 516 networked-attached storage devices. Announced on May 7, 2013, the ReadyDATA 516 is a 6-bay desktop NAS device designed specifically for small and medium-sized businesses (SMBs) without a data center or for branch offices requiring powerful on-site storage capabilities. Delivering complete 'data center storage in a box' functionality, NETGEAR's ReadyDATA 516 enables simplified storage at a price that is cost-effective for even the smallest business sites.
The ability to provide simplified, cost-efficient storage for business customers through a high-performance, enterprise-class, SATA III flash-based drive was a priority for NETGEAR in their selection of OCZ's Deneva 2 SSDs. SMBs looking to meet capacity requirements and boost performance require advanced features, like ReadyDATA's SSD caching, which automatically copies frequently accessed data to SSDs. The high-performing Deneva 2 drives are ideally suited for the ReadyDATA 516 platform delivering up to 80,000 IOPS performance (random 4K writes), a maximum throughput up to 550 MB/s with support for 100GB capacities in a 2.5-inch eMLC NAND format. Providing power loss data protection, strong error correction for enhanced data integrity and data fail recovery provides the superior endurance and reliability that ReadyDATA 516 customers require.
"We are very pleased that our Deneva 2 SSDs are qualified on NETGEAR's ReadyDATA 516 platform enabling small businesses to improve IT efficiency and reduce the risk of data loss as a result of a disaster, human error or system interruption," said Wayne B. Eisenberg, Senior VP of Sales for OCZ Technology. "We anticipate that the ReadyDATA 516 device provides the desktop storage capabilities that this business segment requires and should enhance NETGEAR's position as one of the leading NAS vendors worldwide."
"The OCZ Deneva 2 SSDs help to provide our ReadyDATA 516 customers with the performance benefits of hybrid storage and advanced data management features in a small form factor that is cost-effective and easy-to-use," said Matt Pahnke, Senior Product manager for NETGEAR Storage. "The ability for small businesses to achieve high I/O access, accelerated application performance and data protection were key capabilities in the selection of OCZ drives into the ReadyDATA 516 platform."
About NETGEAR, Inc.:
NETGEAR (NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of big IT. The company also supplies top service providers with retail proven, whole home solutions for their customers. NETGEAR products are built on a variety of proven technologies such as wireless, Ethernet and Powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in approximately 35,000 retail locations around the globe, and through approximately 41,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in over 25 countries. NETGEAR is an ENERGY STAR® partner. More information is available at www.NETGEAR.com or by calling (408) 907-8000. Connect with NETGEAR at twitter.com/NETGEAR and www.facebook.com/NETGEAR.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. For more information, please visit: www.ocz.com.
Forward Looking Statements
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on Form 10-K filed with the SEC on May 14, 2012, and statements made in other subsequent filings. The filing is available both at www.sec.gov as well as via OCZ's website at www.ocz.com.OCZ does not undertake to update its forward-looking statements.
All trademarks or brand names referred to herein are the property of their respective owners.