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StorageTek And Sun Extend Commitment To Deliver Automated Tape Solutions To Customers Worldwide
- 01 July, 2004 13:25
<p>~ OEM Agreement Adds StorageTek StreamLine™ SL8500 to Sun StorEdge™ Brand ~</p>
<p>SYDNEY, Australia -- July 1, 2004 -- StorageTek® (Storage Technology Corporation, NYSE:STK), the proven provider of the foundation for information lifecycle management (ILM), today announced completion of a strategic OEM partnership agreement with Sun Microsystems. Under the agreement, Sun will market and sell StorageTek's StreamLine™ SL8500 under the StorEdge brand, as well as StorageTek's L-700e and L-180 tape libraries.</p>
<p>"The vision for Sun and StorageTek has always been to combine our strengths in the most supportive, strategic way possible, and to jointly deliver the best automated tape technology solutions the market has seen to date to the benefit of our global customer base," said Philip Belcher, Managing Director for StorageTek Australia / New Zealand. "As we enter the sixth year of our partnership we mark today's success by offering the full feature set for enterprise-class solutions: multi-platform support, tiered tape storage, automation of management and opportunity for lower overall storage cost of ownership."</p>
<p>"Sun is committed to improving the way data is accessed and managed and as a result of our partnership with StorageTek we are in a position to realise exciting new revenue opportunities," said Jim Hassell, Managing Director, Sun Microsystems Australasia.</p>
<p>The SL8500 is the first offering in StorageTek's next-generation StreamLine family of enterprise information lifecycle management solutions, providing unmatched consolidation capabilities, high availability, performance and scalability, while minimising the footprint in the data centre.</p>
<p>The agreement gives StorageTek more access to Sun's 6,000-strong sales professionals and opens up new joint marketing and selling opportunities. For enterprise customers that require bullet-proof back up and recovery capabilities for mission-critical-data, StorageTek and Sun now have the opportunity to provide the ideal solution to address the consolidation of enterprise and midrange computing infrastructures. Financial terms of the agreement were not disclosed.</p>
<p>For more information on StorageTek's SL8500, visit StorageTek's worldwide partner network http://www.storagetek.com/products/category_page2000.html.</p>
StorageTek is a $US2 billion global company that enables businesses, through its information lifecycle management strategy, to align the cost of storage with the value of information. The company's innovative storage solutions manage the complexity and growth of information, lower costs, improve efficiency and protect investments. For more information, see www.storagetek.com..</p>
<p>TRADEMARKS: StorageTek and the StorageTek logo are registered trademarks of Storage Technology Corporation. Other names mentioned may be trademarks of Storage Technology Corporation or other vendors/manufacturers.</p>
<p>Forward Looking Statements
This press release contains certain statements, projections and forecasts regarding StorageTek's future business plans, financial results, products and performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of words such as "may," "will," "should," "expects," "plans," "anticipates," and "believes." There are a number of risks and uncertainties that could cause the company's actual results to differ materially.
Some of these risks and uncertainties include, but are not limited to, StorageTek's ability to develop, manufacture and market new products and services successfully; the effect of product mix and distribution channel mix on our gross margins; our ability to execute our Information Lifecycle Management(tm) strategy; competitive pricing pressures; rapid technological changes in the markets in which we compete; our ability to attract and retain highly skilled employees; changes in our management; our ability to protect and develop intellectual property rights; our reliance on certain sole source suppliers; our ability to obtain quality parts and components in a timely manner; general economic conditions in the United States and globally; and other risks described in StorageTek's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that are filed with the Securities and Exchange Commission and which are available on the SEC's website.</p>
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