Overland Storage Delivers LTO-3 Tape Drive Technology in Industry's Best-Selling Automation Solutions
February 23 2005 - 6:30AM
PR Newswire (US)
Overland Storage Delivers LTO-3 Tape Drive Technology in Industry's
Best-Selling Automation Solutions NEO SERIES With LTO-3 Increases
Capacity, Improves Performance and Reduces Cost of Backup and
Recovery SAN DIEGO, Feb. 23 /PRNewswire-FirstCall/ -- Overland
Storage, Inc. (NASDAQ:OVRL), a leading provider of backup and
recovery solutions, today announced the availability of LTO-3 tape
drive technology in its award-winning NEO SERIES(R) tape libraries.
The combination of LTO-3 technology and Overland's scalable,
flexible and reliable NEO SERIES provides customers with unmatched
capacity and performance in the industry's most popular midrange
tape libraries. "Now Overland provides an even broader array of
solutions that span every price and performance requirement -- from
the enterprise-class NEO 8000 with LTO-3 to the most cost-conscious
autoloader," said Robert Scroop, vice president and general manager
of automation products, Overland Storage. "Incorporating LTO-3
technology into our NEO tape libraries solidifies our commitment to
offering the industry's most flexible, reliable and affordable data
protection solutions." Available initially in Overland's NEO 2000,
NEO 4000 and NEO 8000 libraries, LTO-3 reduces costly downtime and
eases backup procedures by providing the highest capacity, fastest
tape drive technology available. In addition, only NEO libraries
offer LTO-3 with write-once-read-many (WORM) capability, enabling
customers to secure, manage and archive compliant data records,
reducing the risk of costly non-compliance with government
regulations. As an added benefit, NEO libraries equipped with LTO-3
drives require fewer costly tape cartridges and enable the use of
smaller, more cost-effective tape libraries, giving IT
organizations the opportunity to redirect a portion of their data
protection budgets to disk-based solutions such as Overland's REO
SERIES. By doing so, customers can implement disk-to-disk-to-tape
(D2D2T) solutions that combine the immediate restore capabilities
of disk with the stability, portability and longevity of automated
tape archival. Delivering a 400 gigabyte native capacity per
cartridge and a native transfer rate of 80 megabytes per second,
LTO-3 provides the ultimate in capacity and performance. NEO
libraries with LTO-3 provide users with the best technology in
automated backup, recovery and archive, with capacities ranging
from 12 terabytes to 1.6 petabytes, and performance ranging from
288 gigabytes per hour to 28 terabytes per hour. NEO SERIES
libraries with LTO-3 technology are available from Overland Storage
partners worldwide. For more information, please visit
http://www.overlandstorage.com/. About Overland Storage For almost
25 years, Overland Storage has delivered world-class data
protection solutions designed to ensure business continuity.
Focused on backup and recovery, Overland's data protection
solutions include the REO(TM) family of disk-based backup and
recovery appliances and the award-winning NEO SERIES(R) of tape
libraries. Overland sells its products worldwide through leading
OEMs, commercial distributors, storage integrators and value-added
resellers. For more information, visit Overland's website at
http://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
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
delays, unbudgeted expenses, inefficiencies and production problems
that may result from the transition of manufacturing to
Sanmina-SCI; difficulty of predicting sales to the company's major
OEM customer; worldwide information technology spending levels;
unexpected shortages of critical components; rescheduling or
cancellation of customer orders; loss of a major customer; the
market acceptance of the company's REO product line, the timing and
market acceptance of new product introductions by the company,
including the company's new software PACs, competitors or licensees
of the company; 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 general
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. All trademarks, trade
names, service marks, and logos referenced herein belong to their
respective companies. DATASOURCE: Overland Storage CONTACT: Melinda
Hutcheon, PR Manager of Overland Storage, +1-858-495-4187, ; or
Chris Walker of Brodeur, +1-602-808-1170, , for Overland Storage
Web site: http://www.overlandstorage.com/
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