Overland Storage Introduces Regulation-Compliant Neo Series(R) Tape Libraries
11 October 2004 - 10:30PM
PR Newswire (US)
Overland Storage Introduces Regulation-Compliant Neo Series(R) Tape
Libraries First Widely Adopted Mid-Range Tape Automation Solutions
to Address Regulatory Requirements SAN DIEGO, Oct. 11
/PRNewswire-FirstCall/ -- Overland Storage, Inc. (NASDAQ:OVRL), a
leading provider of backup and recovery solutions, today announced
that its flexible, award-winning robust line of automated tape
libraries -- the NEO SERIES(R) -- now delivers the
write-once-read-many (WORM) functionality needed to address today's
stringent data retention regulations. By providing this capability
in NEO SERIES libraries, Overland brings users the technology
needed to ensure the integrity, security and availability of their
compliance regulated data. WORM functionality is critical to
meeting the data protection requirements of regulations such as the
Health Insurance Portability and Accountability Act of 1996
(HIPAA), and the data retention requirements of the Securities and
Exchange Commission (SEC) regulations and Sarbanes-Oxley Act of
2002 (SOX). WORM capability is a standard feature in all NEO SERIES
libraries utilizing SDLT600 tape drives. Unlike other WORM
implementations, Overland's SDLT600 NEO implementation requires no
specialized hardware or media cartridges for compliance-driven
applications. Instead, the NEO SERIES can be repurposed by
software, extending a user's return on investment and not
penalizing users faced with compliance challenges. Additionally,
the continued ease-of-use and implementation of NEO libraries
creates further reductions in the cost of ownership -- all while
meeting strict regulations. "Our commitment remains focused on
providing innovative solutions that help solve any and all storage
challenges customers may encounter. Overland has nearly 25 years of
experience delivering reliable, robust automated storage solutions
to companies with unique and often critical requirements," said
Robert Scroop, vice president and general manager of automation
products for Overland. "Overland is now applying WORM capability
within a cost-effective, proven automated solution that addresses
the data protection requirements of companies facing regulatory
compliance." The NEO SERIES employs WORM tape drive technology from
the tape drive division of Quantum Corporation (NYSE:DSS).
Quantum's DLTIce provides an electronic key identifier on each tape
that cannot be altered, rejecting overwrite and erase procedures.
As a result, DLTIce ensures that data written to backup tapes
cannot be rewritten or reformatted, meeting a core requirement of
federal mandates faced by companies of all sizes and across all
industries. "Users can take comfort in knowing that each
electronically marked WORM cartridge is a tamper-proof archived
tape that meets the strict requirements of today's compliance
mandates," added Steve Berens, senior director, product marketing
& strategy, for Quantum Storage Devices Business Unit.
"Applying multiple layers of security, DLTIce assures users have a
compliance-ready solution for effective backup, recovery and
archiving without sacrificing performance or value." Overland
Storage regulation compliances solutions, with a starting MSRP of
$16,398, are available now through Overland's network of worldwide
reseller and distribution partners. About Overland Storage For
almost 25 years, Overland Storage has delivered world-class data
protection solutions designed to ensure business continuity.
Focused on backup and recovery, Overland's data protection
solutions include the REO(TM) family of disk-based backup and
recovery appliances and the award-winning NEO SERIES(R) of tape
libraries. Overland sells its products worldwide through leading
OEMs, commercial distributors, storage integrators and value-added
resellers. For more information, visit Overland's website at
http://www.overlandstorage.com/. Except for the factual statements
made herein, the information contained in this news release
consists of forward-looking statements that involve risks,
uncertainties and assumptions that are difficult to predict. Words
and expressions reflecting optimism and satisfaction with current
prospects, as well as words such as "believe," "intends,"
"expects," "plans," "anticipates" and variations thereof, identify
forward-looking statements, but their absence does not mean that a
statement is not forward looking. Such forward-looking statements
are not guarantees of performance and the company's actual results
could differ materially from those contained in such statements.
Factors that could cause or contribute to such differences include
production problems, delays, unbudgeted expenses and inefficiencies
that may result from the transition of manufacturing to
Sanmina-SCI, difficulty of predicting sales to the company's major
OEM customer, technology spending levels, unexpected shortages of
critical components, rescheduling or cancellation of customer
orders, loss of a major customer, the timing and market acceptance
of new product introductions by the company, including the
company's new REO products, its competitors or its licensees, the
timing and amount of licensing royalties, general competition and
price pressures in the marketplace, the company's ability to
control costs and expenses and economic conditions. Reference is
also made to other factors set forth in the company's filings with
the Securities and Exchange Commission, including the "Risk
Factors," "Management's Discussion and Analysis" and other sections
of the company's Form 10-K for the most recently completed fiscal
year. These forward-looking statements speak only as of the date of
this release and the company undertakes no obligation to publicly
update any forward-looking statements to reflect new information,
events or circumstances after the date of this release. All
trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies. DATASOURCE: Overland Storage,
Inc. CONTACT: Investors, Cynthia A. Bond, Director of Corporate
Communications, , +1-858-571-5555, or Media, Melinda Hutcheon, PR
Manager, +1-858-495-4187, , both of Overland Storage; or Jamie
Ernst of Brodeur Worldwide, +1-210-495-5757, , for Overland Storage
Web site: http://www.overlandstorage.com/
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