Xyratex Announces Program Win With NetApp
January 08 2008 - 9:15AM
Business Wire
Xyratex Ltd (Nasdaq:XRTX), a leading provider of enterprise class
data storage subsystems and storage process technology, today
announced an OEM agreement with NetApp (Nasdaq:NTAP) to develop and
supply general disk arrays for a variety of NetApp� products. �We
are very proud to be NetApp�s supplier. This new agreement
recognizes the value proposition provided by Xyratex through our
product design expertise, system test services, and proven business
model,� said Steve Barber, CEO of Xyratex. This agreement builds on
the successful implementation of disk arrays currently provided by
Xyratex to NetApp and incorporated within NetApp�s industry leading
storage hardware platforms. �We are delighted to be able to
continue our relationship with NetApp with this disk arrays
announcement,� said Todd Gresham, executive vice president, Xyratex
Networked Storage Solutions, �We will continue to focus on
execution in our product technology and fulfillment service
capability to support NetApp�s requirements.� This partnership
further demonstrates Xyratex�s proven expertise and extensive track
record of providing industry leading disk arrays and RAID
subsystems to OEM customers worldwide. Safe Harbor Statement This
press release contains forward�looking statements. These statements
relate to future events or our future financial performance. These
statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied by these forward looking
statements. Factors that might cause such a difference include our
inability to compete successfully in the competitive and rapidly
changing marketplace in which we operate, failure to retain key
employees, cancellation or delay of projects and adverse general
economic conditions in the United States and internationally. These
risks and other factors include those listed under "Risk Factors"
and elsewhere in our 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 storage process 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 an MBO from IBM, and
with 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
www.xyratex.com. NetApp and the Network Appliance logo are
registered trademarks of Network Appliance Inc. in the U.S. and
other countries.
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