SOURCE: Procom Technology

June 14, 2005 18:21 ET

Procom Completes Sale of Its NAS Intellectual Property Rights to Sun Microsystems

IRVINE, CA -- (MARKET WIRE) -- June 14, 2005 -- Procom Technology, Inc. (OTC: PRCM) announced today that it has completed the sale to Sun Microsystems, Inc. of all the intellectual property rights and certain related assets used in Procom's NetFORCE network attached storage (NAS) appliance business. As previously reported, Sun paid approximately $50 million in cash for the acquisition.

About Procom Technology

Irvine, Calif.-based Procom Technology has designed and produced innovative storage solutions since 1987. More information is available, toll free, at 800-800-8600 or on the Web at www.procom.com.

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