NEWARK, CA--(Marketwire - March 29, 2011) - SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") (
The Xiotech hybrid ISE delivers 14.4TB of dynamic hybrid storage that combines 2.5" 10K 900GB hard drives, SMART XceedIOPS SAS 2.5" 200GB SSDs, and on-board intelligence to maximize memory management in high-volume virtualized storage applications such as high-performance computing and cloud computing.
"We knew that the Hybrid ISE low-cost, leading-performance storage solution represented a major leap forward for the industry by taking the promise represented by SSDs and delivering it to customers in a way that didn't set back the efficiencies and reliability they had gained in their networked storage environments," said Alan Atkinson, CEO of Xiotech. "To accomplish this, we partnered with SMART, who not only shared our vision and view of true innovation, but also provided an industry-leading SSD solution. We have raised the bar on enterprise storage, as is evident by the overwhelming traction we've already gained in major enterprise accounts this year. I'm excited by what the future holds for our customers and the storage market at large."
By leveraging the performance and reliability benefits of SMART's XceedIOPS SAS SSDs, Xiotech's Hybrid ISE avoids the traditional challenges of balancing hybrid storage performance, capacity, and cost while ensuring availability. SMART's XceedIOPS SSDs are the industry's first SAS SSDs equipped with enterprise grade multi-level cell (E-MLC) NAND flash technology. They deliver a minimum endurance of 30,000 program/erase (P/E) cycles, satisfying the reliability expectations of this application segment. To ensure consistent performance and reliability, SMART's XceedIOPS SAS SSDs are equipped with extensive error-correction and detection capabilities, multi-level data-path and code protection, data-fail recovery, and a highly reliable discrete capacitor array for back-up power protection.
"Bringing solid state storage to the enterprise requires a unique combination of leading-edge technology and customer support," said John Scaramuzzo, SMART's Senior Vice President and General Manager, Storage Business Unit. "We are enthusiastic about supplying our products through innovative partners like Xiotech, who are developing storage solutions that are ahead of the curve and designed to extract the full set of capabilities from our XceedIOPS SSDs. We look forward to sustaining and expanding our relationship with Xiotech as they continue to redefine the value/performance paradigm for enterprise storage."
Optimized to deliver enterprise-class storage solutions at a cost-effective price point, the XceedIOPS SAS SSDs are currently shipping in volume quantities. SMART's XceedIOPS SSD product line will be on display at Storage Networking World (Santa Clara, CA), booth #417, from April 4-7, 2011. Visit www.smartm.com for more information.
Forward-Looking Statements
Statements contained in this press release, that are not statements of historical fact, including any statements that use the words "will," "believes," "anticipates," "projects," "estimates," "expects," "intends," "scheduled" or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include those related to the Company's business strategies and product plans, product performance, availability, reliability, quality and customer acceptance, and the market for the Company's products.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, production or manufacturing difficulties, competitive factors, new products and technological changes, difficulties with or delays in the introduction of new products, declines or fluctuations in product prices and raw material costs and availability, dependence upon third-party vendors, customer demand for or acceptance or qualification of products, end user markets, changes in industry standards or release plans, fluctuations in the quarterly effective tax rate and related tax provision, failure to receive continued favorable tax treatment or renewals of exemptions from or benefits relating to certain taxes in foreign countries, higher than anticipated costs from increasing capacity, changes in foreign currency exchange rates, intellectual property disputes, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission including the Company's Annual Report on Form 10-K for fiscal 2010 and the Company's Quarterly Report on Form 10-Q for the first quarter of fiscal 2011. Such risk factors as outlined in these reports may not constitute all factors that could cause actual results to differ materially from those discussed in any forward-looking statement.
The Company operates in a continually changing business environment and new factors emerge from time to time. The Company cannot predict such factors, nor can it assess the impact, if any, from such factors on the Company or its results. Accordingly, our future results may differ materially from projections and investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements should not be relied upon as a prediction of actual results. These forward-looking statements are made as of today, and the Company does not currently intend, and has no obligation, to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
Trademarks
The SMART logo and word marks are the trademarks or registered trademarks of SMART Modular Technologies, (WWH), Inc. or its affiliates. Other names may be trademarks or registered trademarks of their respective owners.
About SMART
SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, enterprise, industrial, networking, gaming, telecommunications, defense, aerospace and embedded application markets. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash memory in various form factors. SMART also offers high performance, high capacity solid state drives, or SSDs, for enterprise, defense, aerospace, industrial automation, medical, and transportation markets. SMART's presence in the U.S., Europe, Asia, and Latin America enables it to provide its customers with proven expertise in international logistics, asset management, and supply-chain management worldwide. See www.smartm.com for more information.
Contact Information:
Contact:
Joy Donohue
SMART Modular Technologies
(978) 303-8564
joy.donohue@smartm.com
