SOURCE: OCZ Technology Group, Inc.

OCZ Technology Group, Inc. Logo

August 22, 2013 18:23 ET

OCZ Technology Signs Joint Harvest to Distribute Complete Portfolio of Solid State Drives and Power Supplies in China

New Partnership Expands the Distribution of High Performance SSD Storage and Power Management Solutions

SAN JOSE, CA--(Marketwired - August 22, 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 Joint Harvest, a leading distributor of IT and computer technology products in China, is now authorized to distribute OCZ's complete line of SSDs and PSUs. With deep roots in China's IT market, Joint Harvest has extensive expertise in promoting products and servicing local customers through the region's retail channels. This new partnership with OCZ will strengthen the commitment to provide consumers access to the latest products for high-performance systems and workstations.

"We are pleased to partner with Joint Harvest to support the growing high performance computing market in China," said Wayne Eisenberg, Senior Vice President of Global Sales, OCZ. "Joint Harvest shares our commitment to provide customers with leading-edge solutions along with comprehensive support services, and we look forward to making our solid state drive and power management products more readily available to customers in this important region."

"We are delighted to be appointed as a master distributor for OCZ's products in China," said Kelvin Ho, General Manager, Joint Harvest. "OCZ offers a wide range of differentiated high performance SSD and PSU products that are complementary to our current product portfolio and are ideal for our established customer base."

The distribution portfolio covers OCZ's complete line of consumer SSDs including the flagship Vector SATA III SSD Series, mainstream Vertex 450, and the workstation-class RevoDrive 3 PCIe Series that offers maximum bandwidth for content creation and high performance productivity applications. OCZ's award-winning SSDs deliver an exceptional balance of I/O performance, enhanced endurance, and greater cost efficiency for both personal computing and professional multimedia environments. The agreement also includes OCZ's complete portfolio of industrial-grade and high-performance power management products for professional and enthusiast use with the complete range of PSUs, including the award-winning Fatal1ty Gaming Series and renowned PC Power Silencer Mk III for mission-critical systems. 

As a result of today's agreement, OCZ is poised to increase its market presence in a strategic growth area with a leading distribution partner, offering greater product availability along with increased service and support in the region with Join Harvest's established channel of retailers.

About Joint Harvest
Joint Harvest have long been engaged in China's IT market operation, has accumulated a wealth of product and channel marketing experience, with professional management and marketing professional, dedicated management team, with the radiation of the perfect service platform. Customer-centric high-efficiency operation mechanism and service system, as well as for the overall IT solution provider capability, Joint Harvest sustainable development of core power. Joint Harvest and integrity of the profession as a corporate goal, to promote the development of the industry and efforts to grow into a respected business.

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.ocz.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 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; 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; OCZ's ability to obtain sufficient NAND flash; 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.ocz.com. OCZ does not undertake to update its forward-looking statements.

All trademarks or brand names referred to herein are the property of their respective owners.

Contact Information

  • OCZ Press Contact:
    Scott Harlin
    Director of Marketing Communications, Enterprise Solutions
    (408) 440-3484
    sharlin@ocztechnology.com

    OCZ Investor Relations Contact:
    Bonnie Mott
    Senior Manager of Investor Relations
    (408) 440-3428
    bmott@ocztechnology.com