SAN JOSE, Calif., Jan. 12, 2021 /PRNewswire/ -- Quantum
Corp. (NASDAQ: QMCO) today announced that it has joined the
DNA Data Storage Alliance to support the ongoing growth and
development of the future DNA data storage market. Quantum has
built some of the world's largest digital archives, including those
for the biggest hyperscale cloud providers and organizations that
need to securely retain data indefinitely. This move signals
Quantum's commitment to establish the foundations for a
cost-effective commercial archival storage ecosystem for the
explosive growth of valuable digital data. Quantum's digital
archive experience and expertise will help the Alliance advance the
use of DNA data storage to solve the challenges of preserving
valuable digital data for centuries.
The need to preserve digital data indefinitely
DNA
offers the potential to transform data storage, providing a stable
medium that's durable for up to thousands of years. It's incredibly
dense with a volume the size of a single grain of salt having a
potential capacity for 10 full-length digital movies. DNA data
storage could also enable a "forever format" that will never become
obsolete, no longer requiring customers to migrate to next
generations of a technology. As such, it's estimated that 30% of
digital businesses will mandate DNA storage trials by 2024,
addressing the exponential growth of data poised to overwhelm
existing storage technology.
Established in October 2020, the
DNA Data Storage Alliance aims to drive awareness and adoption of
DNA data storage through use cases and the development of an
industrial roadmap. As a member, Quantum joins a diverse group of
industry leaders that each contribute expertise on a unique aspect
of synthetic biology and data storage and support the
organization's mission by contributing to white papers, events and
technical discussions.
"With digital data now so central to the success of business,
research, and other practices, there is an emerging realization
that a massive amount of data will need to be kept indefinitely,"
said Don Doerner, Technical
Director, Office of the CTO at Quantum. "DNA storage holds great
promise in addressing this challenge in the coming decades and we
believe we can add a valuable perspective to help the DNA Data
Storage Alliance achieve its goals."
About Quantum
Quantum technology and services help
customers capture, create and share digital content – and preserve
and protect it for decades. With solutions built for every
stage of the data lifecycle, Quantum's platforms provide the
fastest performance for high-resolution video, images, and
industrial IoT. That's why the world's leading entertainment
companies, sports franchises, researchers, government agencies,
enterprises, and cloud providers are making the world happier,
safer, and smarter on Quantum. Quantum is listed on Nasdaq
(QMCO) and was added to the Russell 2000® Index in 2020. For more
information visit www.quantum.com/.
Quantum, the Quantum logo, are registered trademarks of Quantum
Corporation. All other trademarks are the property of their
respective owners.
Forward-Looking Statements
This press release contains
"forward-looking" statements. Quantum advises caution in reliance
on forward-looking statements. If the risks or uncertainties ever
materialize or the assumptions prove incorrect, the results of
Quantum Corporation and its consolidated subsidiaries ("Quantum")
may differ materially from those expressed or implied by such
forward-looking statements and assumptions. All statements other
than statements of historical fact are statements that could be
deemed forward-looking statements, including but not limited to
statements regarding the potential advantages and efficiencies of
using synthesized strand of DNA for encoding, decoding and storing
binary data, including the use of DNA digital data storage as a
"forever format" that will never become obsolete and durable for
"thousands of years." Risks, uncertainties and assumptions include
the risk that the technology to enable the promises of DNA digital
storage may take many years to develop and perfect for commercial
use, and that the technology required for DNA storage trials may
not be ready by 2024, and other risks that are described herein,
including but not limited to the items discussed in "Risk Factors"
in Quantum's filings with the Securities and Exchange Commission,
including its Form 10-K filed with the Securities and Exchange
Committee on June 24, 2020. Quantum
expressly disclaims any obligation to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
Public Relations Contact:
Kerry Quintiliani
Red Lorry Yellow Lorry
quantum@rlyl.com
t +1 310 773 3763
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SOURCE Quantum Corp.