Sphere 3D and Novarad Enter Into Master Purchase Agreement to Deliver Virtualization Capabilities to 400 Healthcare Facilitie...
May 13 2015 - 3:11PM
Sphere 3D Corp. (Nasdaq:ANY), creator of the Glassware 2.0®
container technology for application delivery, today announced it
has signed a Master Purchase Agreement for virtualization products
and related services with Novarad. This new agreement is in
addition to the current agreement between the two companies.
Under the terms of the agreement, Sphere 3D and Novarad will
establish a rolling 90 day schedule for refreshing healthcare
facilities with virtualization technology throughout the United
States. It is anticipated that the first sites will be implemented
in the third quarter of 2015. The solutions to be rolled out will
be configured to address the specific needs of each facility, and
will include a combination of virtualization technologies including
the award-winning V3 hyper-converged platform, Glassware 2.0, and
SnapScale® and SnapServer® lines of storage products.
"This agreement is the largest multisite supply agreement we
have entered into that leverages the advantages of our vertically
integrated stack of virtualization and storage technologies," said
Eric Kelly, CEO, Sphere 3D Corp. "We value our long-standing
relationship with Novarad, and we look forward to contributing to
their success as they implement new healthcare solutions for their
customers."
Healthcare IT needs for enhanced security, coupled with demands
for anywhere, anytime access to patient data, have challenged
conventional workstation deployment models. Virtualization has been
gaining traction in healthcare facilities, including hospitals and
clinics, primarily as a result of its ability to meet these demands
head on and to deliver increased accessibility to actionable
data.
"We initially envisioned NovaGlass as a solution that will
leverage our PACS and RIS solutions to give users access to full
imaging features from additional endpoints. However, over the last
12 months, it has evolved to significantly more," said Tim Law,
President, Novarad. "Today, having worked closely with the team at
Sphere 3D and spent time canvassing our customers, we see NovaGlass
as a platform that enhances clinical workflow and can increase our
ability to positively impact patient outcomes."
The use of hyper-converged infrastructure to deliver virtual
desktops and applications provides healthcare IT departments with a
simple and predictable approach to adopting virtual workspaces. The
use of virtual workspaces within healthcare settings allows IT to
keep data in the data center and off the end user devices. This
approach not only provides for greater data control and security,
but improves clinical workflow, enhances accessibility to that
workflow and reduces the cost of replacing dedicated workstations.
In addition, it is designed to enable IT departments to reduce
costs and complexity associated with maintaining patches,
versioning and updating of software across their organization.
About Sphere 3D
Sphere 3D Corp. (Nasdaq:ANY) is a virtualization technology and
data management solutions provider with a portfolio of
workload-optimized, purpose-built solutions that address the
complete IT workspace delivery and management including the data
lifecycle continuum from active data to data at rest. Dedicated to
continue to lead through innovation, Sphere 3D enables the
integration of virtual applications, virtual desktops, and storage
platforms, allowing organizations to deploy a combination of
public, private or hybrid cloud strategies. Sphere 3D's Glassware
2.0 platform delivers virtualization of some of the most demanding
applications in the marketplace today, making it easy to move
applications from a physical PC or workstation to a virtual
environment. Sphere 3D's V3 hyper-converged infrastructure
solutions include one of the industry's first purpose-built
appliances for virtual workspace workloads and the Desktop Cloud
Orchestrator™ management software for VDI. Overland Storage and
Tandberg Data, wholly-owned subsidiaries of Sphere 3D, provide an
integrated range of technologies and services for primary,
nearline, offline, and archival data storage that make it easy and
cost-effective to manage different tiers of information over the
data lifecycle. For more information, visit www.sphere3d.com.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks, uncertainties, and assumptions that are difficult to
predict. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking
statements as a result of risks and uncertainties including,
without limitation, any failure of Sphere 3D to secure additional
capital to fund operations; any failure by Sphere 3D or Novarad to
deliver on its obligations under the Master Purchase Agreement
referred to herein; the rate of customer adoption of our products
and technologies and those of Novarad to be sold to the healthcare
facilities described herein; the ability to increase our revenue as
a result of our Novarad relationship; any increase in Sphere 3D's
cash needs or in expected expenses; possible actions by customers,
suppliers, competitors or regulatory authorities; and other risks
detailed from time to time in Sphere 3D's periodic reports
contained in our Annual Information Form and other filings with
Canadian securities regulators (www.sedar.com) and in prior
periodic reports filed with the United States Securities and
Exchange Commission (www.sec.gov), and risks detailed in the Form
F-4/A relating to Sphere 3D's merger with Overland Storage filed
with the SEC. Sphere 3D undertakes no obligation to update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
CONTACT: Media Contact:
Pattie Adams
Director, Global Corporate Communications
+1 408/283-4779
pattie.adams@sphere3d.com
www.sphere3d.com
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