XRTX XORTX Therapeutics Inc

HAVANT, UK and CARLSBAD, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Xyratex Ltd (NASDAQ:XRTX), announced that it has completed its acquisition of nStor Technologies, Inc. Under the terms of the definitive agreement, Xyratex acquired nStor for approximately $21.2 million. For Xyratex, the acquisition of nStor augments the company's already strong lineup of storage technology and platform solutions. The acquisition of nStor will combine Xyratex's industry-leading expertise in high volume, high availability storage system enclosure design with nStor's extensive experience and value-added RAID Controller and Storage Solution software to provide a highly scalable set of offerings to meet customer requirements. nStor products and solutions are immediately available from Xyratex. "This transaction allows us to better serve our existing and new customers, giving us the means to expand our market reach and our product development capabilities," said Steve Barber, CEO of Xyratex. "We believe that bringing together the larger technical and operational resources of Xyratex around the leadership technology core within nStor will enable us to provide a richer feature set to our customer and create more growth opportunities for Xyratex." Additional details on the Xyratex acquisition of nStor can be found in the initial acquisition press release from July 28 available online at https://www.xyratex.com/. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding future results or financial performance of Xyratex, including statements relating to the acquisition of nStor, strengthening Xyratex's position in the storage market and enabling Xyratex to build future storage and disk cleaning products. Such statements are just predictions and involve risks and uncertainties such that actual results and performance may differ materially. Factors that might cause such a difference include successful integration of NStor's assets and employees into Xyratex, building future disk cleaning products, Xyratex's inability to compete successfully in the competitive and rapidly changing marketplace, failure to retain key employees, cancellation or delay of projects and continued adverse general economic conditions in the U.S. and internationally. These risks and other factors include those listed under "Risk Factors" and elsewhere in Xyratex's Annual Report on Form 20-F as filed with the Securities and Exchange Commission (File No. 000-50799). In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. About Xyratex Xyratex is a leading provider of enterprise class data storage subsystems and network technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 20 years of experience in research and development relating to disk drives, storage systems and high-speed communication protocols. Founded in 1994 in a management buy-out from IBM, and with its headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia. For more information, visit http://www.xyratex.com/. About nStor Headquartered in Carlsbad, Calif., nStor Technologies, Inc. is a developer of data storage solutions that are ideally suited for both large enterprises as well as small to mid-sized businesses. nStor's flagship controller technology and StorView software form the foundation for the OneStor and NexStor family of turnkey solutions that support Microsoft Windows, Linux, UNIX and Macintosh operating environments. Designed for storage-intensive environments and mission-critical applications, nStor's products are offered in various architectures including Fibre Channel, SCSI and SATA and are focused on addressing customers' business needs and applications. nStor markets its storage solutions through a global network of OEM partners and systems integrators. For more information, visit http://www.nstor.com/. Contacts: Xyratex Investor Relations Brad Driver Tel: +1 (408) 325-7260 Email: Website: http://www.xyratex.com/ Xyratex Public Relations Curtis Chan CHAN & ASSOCIATES, INC. Tel: +1 (714) 447-4993 Email: DATASOURCE: Xyratex Ltd CONTACT: Investor Relations, Brad Driver of Xyratex, +1-408-325-7260, ; or Public Relations, Curtis Chan of CHAN & ASSOCIATES, INC., +1-714-447-4993, , for Xyratex Ltd Web site: http://www.nstor.com/ Web site: https://www.xyratex.com/

Copyright