Density Dynamics Acquires Green Technology
June 03 2008 - 9:00AM
PR Newswire (US)
DDC Targeting Data Center Energy Crises with Solid State Storage
and Data Acceleration to Lower Electricity Use WASHINGTON, June 3
/PRNewswire/ -- Density Dynamics Corp. (DDC), recently formed by
Speedus Corp. (NASDAQ:SPDE), has acquired the environmentally
friendly technology pioneered by TiGi Corp. for high efficiency
solid-state storage. The DDC product line responds to the energy
use problems identified by IBM as it updated its plans to combat
the growing Data Center Energy Crises with Project Big Green
(http://www-03.ibm.com/press/us/en/pressrelease/24244.wss). The new
technology platform delivers cutting edge solid-state storage
combined with a proprietary power management system that
significantly lowers power use when compared with traditional
spinning memory. DDC products are currently under evaluation by
several large U.S. corporations for their server networks. The
technology significantly improves the performance of legacy server
networks and sharply reduces power consumption in data centers and
server "farms." DDC will be marketing the initial line of products
as well as continuing development of the technology. "Our initial
product, the Rocket, will be the first product in our Green Turbo
(GT) line. GT products will build upon the Rocket to enhance
performance and reduce electricity costs in large server networks
economically and quickly. Using GT products can dramatically speed
operations, while reducing equipment footprint, heat generation and
electric power use," said Kevin Gonor, formerly Vice President of
Sales for Flextronics International and now President of DDC. Gonor
added, "The new company's slogan is Think Fast. Think Green. Think
DDC." Speedus, the controlling shareholder of DDC, was joined by
CrossHill Georgetown Capital in providing the capitalization for
DDC. About Density Dynamics. Density Dynamics Corp., located in
Washington, DC, can be found on the web at
http://www.densitydynamics.com/. About Speedus Corp. Additional
information on Speedus Corp. may be obtained at
http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or About CrossHill Georgetown Capital.
CrossHill Georgetown Capital, L.P. is an investment fund managed by
the principals of CrossHill Financial Group. Statements contained
herein that are not historical facts, including but not limited to
statements about the Company's product, corporate identity and
focus, may be forward-looking statements that are subject to a
variety of risks and uncertainties. There are a number of important
factors that could cause actual results to differ materially from
those expressed in any forward-looking statements made by the
Company, including, but not limited to, the continuing development
of the Company's sales, marketing and support efforts. DATASOURCE:
Density Dynamics Corp. CONTACT: Peter Hodge of Speedus Corp. for
Density Dynamics, 1-888-773-3669 ext. 23, Web site:
http://www.densitydynamics.com/ http://www.speedus.com/
http://www-03.ibm.com/press/us/en/pressrelease/24244.wss
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