STEC Selects Ernst & Young as New Independent Auditors
September 26 2012 - 9:25AM
STEC, Inc. (Nasdaq:STEC), a leading global provider of solid-state
drive (SSD) technologies and products, today announced that it has
engaged Ernst & Young LLP as the Company's new independent
auditors effective immediately.
"The selection of Ernst & Young concludes a thorough
evaluation process conducted by the Company for an independent
audit firm to succeed PricewaterhouseCoopers," said Rajat Bahri,
the chairman of STEC's Board of Directors' Audit Committee. "We
believe that Ernst & Young has the expertise and global reach
to provide for a seamless transition and we are looking forward to
working with them."
About STEC, Inc.
STEC, Inc. is a leading global provider of enterprise-class
solid-state drive (SSD) technologies and solutions tailored to meet
the high-performance, high-reliability and high-endurance needs of
today's data-intensive server and storage platforms. With
headquarters in Santa Ana, California, and locations worldwide,
STEC leverages almost two decades of solid-state knowledge and
experience to design, manufacture and deliver the most
comprehensive line of PCIe, SAS, SATA, and embedded SSDs on the
market today. In addition, STEC's EnhanceIO™ SSD Cache Software
enables IT managers to cost-effectively scale server application
performance. For more information, please visit
www.stec-inc.com.
STEC, the STEC logo, and EnhanceIO are either registered
trademarks or trademarks of STEC, Inc. in the United States and
certain other countries. All other trademarks or brand names
referred to herein are the property of their respective owners.
The STEC, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1079
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This release contains forward-looking statements that involve
risks and uncertainties, including those statements concerning
STEC's engagement of Ernst & Young LLP as the Company's
independent auditors. Such forward-looking statements are based on
current expectations and involve inherent risks and uncertainties,
including factors that could delay, divert or change any of them,
and cause actual outcomes and results to differ materially from
current expectations. Important factors that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements are detailed in filings with the U.S.
Securities and Exchange Commission, made from time to time by STEC,
including its Annual Report on Form 10-K, its Quarterly Reports on
Form 10-Q, and its Current Reports on Form 8-K. The information
contained in this press release is a statement of STEC's present
intentions, beliefs or expectations. STEC may change its
intentions, beliefs or expectations, at any time and without
notice, based upon any changes in such factors, from STEC's
assumptions and otherwise. STEC undertakes no obligation to
publicly release any revisions to any forward-looking statements to
reflect events or circumstances occurring after the date thereof,
or to reflect the occurrence of unanticipated events.
CONTACT: Mitch Gellman
Vice President of Investor Relations
STEC, Inc.
(949) 260-8328
ir@stec-inc.com
Jerry Steach
Director, Public Relations
STEC, Inc.
(415) 222-9996
pr@stec-inc.com
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