Sphere 3D Corp. (NASDAQ:ANY), a containerization, virtualization
and data management solutions provider, today announced that its
NEO Series of tape libraries and autoloaders, offered by its
wholly-owned subsidiary Overland Storage, now support the LTO-7
(Linear Tape-Open 7) tape format. Sphere 3D's support of the
recently unveiled LTO-7 tape technology expands the company's
portfolio of offerings that equip large-scale, hybrid environments
with lower cost, more energy efficient and increasingly reliable
data storage and archiving solutions. The company is hosting a
webinar, "LTO-7, Taking a Leap Forward in "Worry-free" Data Storage
Solutions" on Tuesday, November 10 at 10:00 a.m. PST to review the
latest developments related to these products.
NEO Series tape libraries provide a compelling, cost-effective
and long-term storage solution by delivering best-in-class features
for SMB and enterprise backup and archive applications. When
configured with LTO-7, NEO tape libraries and autoloaders are
designed to deliver up to 140% increases in storage capacity and
more than 80% increases in data throughput.
Next-generation LTO-7 technology provides up to 15 terabytes
(TB) of compressed data per cartridge, compared to the 6.25TB
offered in previous-generation LTO-6 tape drives. Data transfer
rates also occur much more rapidly with LTO-7 at rates of up to
750MB per second, or 2.7TB of data per hour per drive. The NEO
Series tape libraries with LTO-7 technology provide customers with
solutions capable of delivering up to 8 petabytes (PB) of storage
capacity at speeds of up to 64TB/hour for just $.02 per GB.
"Sphere 3D delivers a diverse portfolio of data management
solutions that are workload optimized to address divergent use-case
scenarios and customer needs," said Nilesh Patel, Vice President of
Product Management and Marketing for Sphere 3D. "Tape-based storage
continues to be an integral part of the data storage hierarchy as
many enterprises recognize it as the most economical approach for
the backup and archiving of multiple terabytes to petabytes of
data. Also, an increasing number of enterprises desire a dual
storage approach and leverage tape backup as an 'insurance policy'
for long-term, off-site retention to protect some or all of their
cloud-based storage."
Patel continued, "Our customer base clearly recognizes the
ongoing role tape plays as an affordable storage solution. We have
seen 114% growth over the last 3 years in the amount of data being
stored on tape. Also, the LTO technology roadmap anticipates 120TB
on a cartridge and data rates of nearly 10TB/hour. With our
NEO series, we give the enterprise the price, capacity, performance
and scalability options they are seeking today, while ensuring
their investment protection for the future."
Sphere 3D's NEO Series of products are in use by over 200,000
users worldwide in a variety of applications, including backup and
archive for medical imaging, finance, education, government, oil
and gas, media and entertainment, and retail. The NEO Series
product range provides a variety of solutions designed for
businesses of all sizes from SMEs to large enterprises.
Product Highlights
NEO XL-Series libraries address the need for midrange and
enterprise businesses to do more with less by providing an
effortless automated backup that combines flexibility, density,
high-performance and affordability to enable data to be protected
faster, smarter, more easily and cost effectively. The product
family allows customers to customize their backup and archive
solution by starting out as a 6 unit, 80 cartridge, 6-drive library
and scaling to as many as 560 slots and 42 tape drives as customer
backup and archive needs change. The NEO 8000e archive and backup
system for the most demanding enterprise complements the NEOxl line
by delivering exceptional functionality and storage of up to 1000
cartridges and 24 tape drives.
The NEO S-Series family of libraries, as well as our stand alone
tape drives, address smaller capacity requirements by combining
ease of use, compactness and affordability with 1, 2 and 4 unit
solutions that range from 8 to 48 slots, and 1 to 4 tape
drives.
Pricing and Availability
Shipment of the LTO-7 based NEOxl and NEO 8000e platforms, and
LTO-7 media, will begin in December. LTO-7 for the NEO S-Series,
and Sphere 3D desktop and internal stand-alone tape drives, will
begin shipping in Q1 2016. MSRP starts at a U.S.-list price of
$4,999 for a NEO tape library solution.
About Sphere 3D
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization and
virtualization technologies along with data management products
that enable workload-optimized solutions. We achieve this through a
combination of containerized applications, virtual desktops,
virtual storage and physical hyper-converged platforms. Sphere 3D's
value proposition is simple and direct—we allow organizations to
deploy a combination of public, private or hybrid cloud strategies
while backing them up with state of the art storage solutions.
Sphere 3D, along with its wholly-owned subsidiaries Overland
Storage and Tandberg Data, has a strong portfolio of brands
including Glassware 2.0™, SnapCLOUD™, SnapScale®, SnapServer®, V3,
RDX®, and NEO®. For more information, visit
www.sphere3d.com.
Safe Harbor Statement
This press release may contain 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,
without limitation, 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;
any failure in the functionality of the NEO Series of tape
libraries and autoloaders, either independently or used in
conjunction with the LTO-7 tape technology, the continued adoption
by users of our NEO Series of products, any increase in Sphere 3D's
cash needs or our inability to obtain additional debt or equity
financing; performance of our products; 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.
CONTACT: Media Contacts:
Eileen Elam
Sphere 3D
408-283-4734
media.relations@sphere3d.com
Nick Foot
BWW Communications
+44-1491-636393
Nick.foot@bwwcomms.com
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