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Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed a six megawatt data center pre-lease expansion with a U.S. based Fortune 100 customer in Phoenix, Arizona, at its AZP-2 data center. Iron Mountain announced the initial six megawatt deal with this customer in September 2020. The AZP-2 data center supports the growth demands, network proximity and scalable capacity needs of the customer. The lease is expected to commence in the third quarter of 2021.
Iron Mountain’s hyperscale-ready AZP-2 data center is part of a 40-acre, 3-data center, metro-connected campus within several miles of east downtown Phoenix. The facility, spanning more than 530,000 gross square feet, meets dedicated requirements of up to 48 megawatts of total IT capacity at full build out.
AZP-2 360 Virtual Tour movie file: https://www.youtube.com/watch?v=64nWakTX8kU
AZP-2 is connected to Iron Mountain's existing data centers - AZP-1 in Phoenix and AZS-1 in Scottsdale - that supports 47 megawatts and a robust network ecosystem.
Like all Iron Mountain data centers, AZP-2 is powered by 100% renewable energy and offers customers access to Green Power Pass. The Green Power pass enables data center users to reduce their reportable greenhouse gas emissions and meet their public green power and/or carbon reduction goals. Iron Mountain Data Centers also adhere to one the most comprehensive compliance programs in the industry including enterprise-wide certified ISO 14001 and 50001 environmental and energy management systems.
"We strive to support the growth and expansion needs of our strategic customers as well as our retail enterprise clients and this new deployment at our Phoenix data center campus validates that goal," said Rick Crutchley, Vice President & General Manager, North America at Iron Mountain Data Centers. "We continue to see strong demand in the Phoenix market and are pleased that we are able to differentiate our solution offerings, including our compliance and sustainability certifications, which enable us to partner with prestigious global customers."
Additional highlights of the Phoenix data center campus include:
Hyper-scale ready: provides the ability to scale in a campus environment with unmatched security and reliability
Efficient hybrid-IT enablement: centralized access to hundreds of customers, clouds, carriers, and other IT services providers, making hybrid IT efficient, cost-effective and secure
Network density: carrier-neutral campus with 24 native network providers, access to diverse meet-me rooms, and the ability to connect to multiple public-cloud on-ramps
Support for multiple use cases: hyper-scale cloud node, hybrid-IT colocation, local production IT, local/regional business continuity/disaster recovery, and consolidation/migration
Energy efficiency: powered by 100% renewable energy
Operational excellence: 100% uptime SLA
SOC 2 Type II, SOC 3
ISO 27001, 50001, and 140001
FISMA High/NIST SP 800-53
Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity and land and buildings held for future development, Iron Mountain's data center platform can support more than 375 megawatts of IT capacity at full build-out. For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/digital-transformation/data-centers.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the commencement of the lease and datacenter capacity at full buildout. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.
These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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