SOURCE: OCZ Technology Group, Inc.
SAN JOSE, CA--(Marketwire - March 25, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power supply units (PSUs) for computing devices and systems, today announced that AB S.A., an established multinational distributor of leading IT and computer technology products, is now authorized to distribute OCZ's complete line of SSDs and PSUs in Central-Eastern Europe (CEE). The distribution agreement covers all markets where AB S.A. operates including Poland, Czechoslovakia and Slovakia.
"We carefully observe new products in the IT market to introduce them into our product offerings. As data traffic continues to exponentially increase, solid state drives are considered to be the future of IT," said Zbigniew Madry, Sales Director and Member of the Board of AB S.A. "Our goal is to provide clients with access to these high tech solutions. Being one of the first major providers of SSDs, with a rich product portfolio and history of technological innovations, OCZ is a partner that we are very excited to engage with."
"We are pleased to sign AB S.A. as a key part of our distribution strategy in Central-Eastern Europe. AB S.A. enables us to enter and expand our market presence in three important CEE regions," said Ralph Schmitt, CEO for OCZ Technology. "As our key strategic sales partner in the region, with a rich portfolio of IT products and services, we feel that they can also help further penetrate OCZ storage solutions into data center applications."
The distribution portfolio includes OCZ's complete line of consumer and enterprise SSDs covering SATA-III, PCIe, and SAS interface options and features the award-winning Vector SSD Series. This advanced SATA III SSD implements OCZ's proprietary Barefoot 3 controller delivering exceptional I/O performance and enhanced endurance for personal computing environments. The agreement also includes OCZ's complete portfolio of industrial-grade and high-performance PSUs delivering award-winning power management for professional and enthusiast use.
As a result of today's distribution agreement, OCZ is poised to increase its market penetration in a strategic growth area with a leading distribution partner.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. For more information, please visit: www.ocztechnology.com.
Forward Looking Statements
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, the risk that additional information may arise from the oversight of the audit committee; the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; the risk that OCZ may not be able to successful negotiate an amendment to its credit facility; market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on Form 10-K filed with the SEC on May 14, 2012, and statements made in other subsequent filings. The filing is available both at www.sec.gov as well as via OCZ's website at www.ocztechnology.com. OCZ does not undertake to update its forward-looking statements.
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