Overland Storage Introduces REO 1000, Industry's First Disk-based Alternative to Tape AutoLoaders
July 07 2004 - 7:30AM
PR Newswire (US)
Overland Storage Introduces REO 1000, Industry's First Disk-based
Alternative to Tape AutoLoaders Provides Affordable Disk-based
Backup and Recovery for Small and Medium Businesses SAN DIEGO, July
7 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (NASDAQ:OVRL),
the leading provider of backup and recovery solutions, today
introduced the REO(TM) 1000, the industry's first disk-based
alternative to entry-level (1u and 2u form-factor) tape
autoloaders. The newest addition to the rapidly growing REO family,
the REO 1000 accelerates the backup process and provides high-speed
file restores, delivering more cost-effective data protection than
entry-level tape autoloaders. The product will be carried by
leading direct marketers and distributors, and customer sales of
the REO 1000 have already commenced. According to Gartner
Dataquest, the tape autoloader market is valued at over $1.4
billion in revenue for the 2003-2006 forecast period. The REO 1000
allows Overland's direct marketers and distributors to capitalize
on this opportunity with a feature-rich alternative to tape
autoloaders, and provides end users a cost-effective solution
designed to enhance the backup process, delivering significant
backup capacity, high-speed file restores, and enhanced data
availability and reliability. "Regulation compliance and disaster
recovery initiatives are two factors that are driving demand for
efficient backup and recovery solutions among small and
medium-sized businesses," said Steve Winandy, director of advanced
technologies at CDW Corporation. "CDW offers these companies
well-trained account managers and technical specialists to assist
them in selecting innovative products, like the REO 1000, that can
help them meet their objectives." CDW carries a full portfolio of
Overland products geared for SMBs and branch offices. "A recent
research study of end-user storage needs conducted by Robert W.
Baird & Co. indicates that the top concerns regarding secondary
storage are decreasing backup windows, recovery time, reliability,
cost and complexity," said Robert Scroop, vice president and
general manager, Overland Storage. "REO 1000 addresses these
concerns by accelerating the backup process, providing disk-speed
restores and data redundancy -- all at an unbeatable price. In
addition, the REO 1000 provides manageability, flexibility and
reliability features not found in entry-level tape autoloaders,
including virtualized storage elements, the ability to appear to
backup servers and applications as either disk or tape, and RAID
data protection." "Small and medium businesses need an affordable,
easy-to-use data protection solution that automates the backup and
recovery process and reduces the risk of business interruptions,"
said Dianne McAdam, senior analyst and partner, Data Mobility
Group. "The ability of the REO 1000 to be dynamically configured as
disk, tape or both is unlike anything else on the market. In short,
the REO 1000 offers flexible features for small and medium
businesses at an affordable price." REO 1000 Features and Benefits
* 1TB native (2TB compressed) of data storage capacity provides
unattended backup for small- and medium-sized business
applications. * LTO-2 tape drive emulation capabilities mean easy
integration into existing storage environments. * 1u form factor
enables more efficient use of costly data center space. * Gigabit
Ethernet (iSCSI) connectivity provides low-cost networking. * RAID
data protection capabilities offer redundant data protection. *
Virtualized storage targets allow users to customize the backup
structure to meet their needs. * Widespread operating system and
third-party software application support enables easy integration,
including Windows, Solaris, BackupExec, ARCserve and more. Pricing
and Availability The Overland Storage REO 1000 disk-based backup
and recovery appliance is now available through select Overland
partners at a starting MSRP of $4,949. About Overland Storage For
more than 20 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 are designed for entry-level and midrange computing
environments. These include the REO family of disk-based backup and
recovery appliances and the award-winning NEO series 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
difficulty of predicting sales to 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 launch of the
company's new REO 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. All
trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies. DATASOURCE: Overland Storage,
Inc. CONTACT: Investors, Cynthia A. Bond, Director of Corporate
Communications, +1-858-571-5555, , or Media, Melinda Hutcheon, PR
Manager, +1-858-495-4187, , both of Overland Storage, Inc.; or
Jamie Ernst of Brodeur Worldwide, +1-210-495-5757, , for Overland
Storage Web site: http://www.overlandstorage.com/
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