Sphere 3D Continues to see Larger Customer Wins for HVE after Being Awarded another Contract in Excess of $1 Million
October 03 2017 - 8:45AM
Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization,
and data management solutions provider, is pleased to announce that
HVE has been awarded a contract with a value that exceeds $1
million.
“This recent win was just one of many
opportunities we are working on that have the capacity to become
million dollar accounts for us,” said Joseph O’Daniel, President of
Virtualization and Professional Services at Sphere 3D. He added,
“We are now also seeing some of our new channel partners
introducing our product portfolio, and its many customer benefits,
to accounts globally. We believe that this activity will translate
to additional growth for us through the rest of this year and the
foreseeable future.”
Through HVE, Sphere 3D provides converged and
hyperconverged infrastructure based on proven virtualization
technologies running on high-performance, next generation
platforms. Recently the company announced a new HyperConverged
Infrastructure (HCI) 2.0 architecture that provides a small 2-node
footprint for converged compute and storage, scales to 64 nodes,
and is delivered on HVE appliances with all flash and/or NVMe
configurations. Customers can deploy HCI 2.0 faster, with a reduced
initial financial commitment, a lower Total Cost of Ownership
(TCO), and with greater flexibility to scale compute or storage
separately than traditional HCI.
HCI 2.0 was developed to enable an open software
defined datacenter approach that empowers customers to introduce
new technologies into their data center ecosystem, and marks a
paradigm shift from traditional HCI logic. Traditional HCI
solutions force vendor lock-in for customers, tightly couple the
compute and storage, and require scaling of these resources in a
closed and predefined correlation of capacity and capability.
HVE HCI 2.0 hardware platforms include the HVE
“Business In A Box” (BIX) converged servers that can be configured
from 3TB-20TB usable storage per appliance, the HVE-STACK 2U 4
blade system supporting 3TB-12TB per blade, and HVE VDI Appliances.
For additional information go to www.hveconnexions.com.
About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers
containerization, virtualization, and data management solutions via
hybrid cloud, cloud and on-premise implementations through its
global reseller network and professional services
organization. Sphere 3D, along with its wholly owned
subsidiaries Overland Storage and Tandberg Data, has a
strong portfolio of brands, including Overland-Tandberg, HVE
ConneXions and UCX ConneXions, dedicated to helping
customers achieve their IT goals. For more information,
visit www.sphere3d.com. Follow us on Twitter @Sphere3D,
@HVEconneXions and @ovltb.
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 the continued market adoption, actual performance and
functionality of our products; our inability to comply with the
covenants in our credit facilities or to obtain additional debt or
equity financing; any increase in our future cash needs; our
ability to maintain compliance with NASDAQ Capital Market listing
requirements; our ability to successfully integrate the UCX and HVE
ConneXions business with Sphere 3D's other businesses; unforeseen
changes in the course of Sphere 3D’s business or the business of
its wholly-owned subsidiaries, including, without limitation,
Overland Storage and Tandberg Data; the level of success of our
collaborations and business partnerships; possible actions by
customers, partners, 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). 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, except as required by law.
Press Contact:Tina BrownTel: +1
408-283-4731media.relations@sphere3d.com
Investor Contact:The Blueshirt
GroupLauren SloaneTel: +1
415-217-2632lauren@blueshirtgroup.com
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