Long-term Agreement Aims to Innovate on
Storage Class Memory Products and Collaborate on Current
Portfolios, Including The Machine
SanDisk Corporation (NASDAQ:SNDK), a global leader in flash
storage solutions, and HP (NYSE:HPQ) today announced a long-term
partnership to collaborate on a new technology within the Storage
Class Memory (SCM) category. The partnership will center around
HP’s Memristor technology and expertise and SanDisk’s non-volatile
ReRAM memory technology and manufacturing and design expertise to
create new enterprise-wide solutions for Memory-driven Computing.
The two companies also will partner in enhancing data center
solutions with Solid State Drives (SSDs).
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“We are very excited to deepen our relationship with HP and
enhance its leadership offerings by using our complete portfolio of
enterprise SAS, SATA and PCIe products, and leading-edge enterprise
system solutions,” said Siva Sivaram, Executive Vice President,
Memory Technology, SanDisk. “Our partnership to collaborate on new
SCM technology solutions is expected to revolutionize computing in
the years ahead.”
The technology is expected to be up to 1,000 times faster than
flash storage and offer up to 1,000 times more endurance than flash
storage. It also is expected to offer significant cost, power,
density and persistence improvements over DRAM technologies. The
SCM technology and its characteristics are intended to allow
systems to employ tens of terabytes (TB) of SCM per server node for
applications such as in-memory databases, real-time data analytics,
transactional and high-performance computing.
This technology is focused on addressing the massive streams of
data generated by the convergence of social media, security,
mobility, big data analytics, cloud and the Internet of Things. The
partnership aims for the companies to augment existing flash
memory-based SSD product lines with this technology, providing
high-performance storage solutions to enterprise data centers. It
also aims to contribute to HP’s breakthrough new computing model,
The Machine, which reinvents the fundamental architecture of
computers to enable a quantum leap in performance and efficiency,
while lowering costs and improving security.
“The onslaught of data facing enterprises will continue to be a
challenge for the foreseeable future. We are excited to be working
with SanDisk as they share an understanding of the significance of
this challenge, and more importantly share a vision that the
solution lies within Memory-Driven Computing,” said Martin Fink,
Executive Vice President and HP Chief Technology Officer.
“Together, we plan to bring new memory solutions to market and
accelerate adoption in the enterprise, while simultaneously
advancing HP’s development of The Machine to enable a new computing
model over the long term.”
About SanDisk
SanDisk Corporation (NASDAQ:SNDK), a Fortune 500 and S&P 500
company, is a global leader in flash storage solutions. For more
than 27 years, SanDisk has expanded the possibilities of storage,
providing trusted and innovative products that have transformed the
electronics industry. Today, SanDisk’s quality, state-of-the-art
solutions are at the heart of many of the world's largest data
centers, and embedded in advanced smartphones, tablets and PCs.
SanDisk’s consumer products are available at hundreds of thousands
of retail stores worldwide. For more information, visit
www.sandisk.com.
SanDisk Forward Looking Statements
This news release contains certain forward-looking statements,
including statements about the continued partnership between
SanDisk and HP to collaborate on new technology within Storage
Class Memory (SCM) and in Flash-based SSD product lines; creating
new enterprise wide solutions for Memory-driven Computing and
partnering to enhance data center solutions; expectations around
revolutionizing computing; the speed, cost savings, performance,
power, density and persistence improvements compared to DRAM and
other performance characteristics of the new technology; the
various potential applications of the new technology, including for
enterprise data centers; HP’s continued partnership and
relationship with SanDisk to augment its existing Flash-based SSD
product lines; and the plan to contribute the new technology to
HP’s new computing model, The Machine. There are a number of risks
and uncertainties that may cause these forward-looking statements
to be inaccurate including, among others: inability to develop, or
unexpected difficulties or delays in developing or ramping with
acceptable yields, the new memory technology; the failure of the
new memory technology to effectively compete with the technologies
of SanDisk’s competitors; the new memory technology may not be
available when SanDisk expects or perform as expected; the failure
of the new memory technology to achieve the various performance
improvements and cost benefits currently anticipated; potential
delays in product development or lack of customer acceptance and
qualification of SanDisk or HP solutions using the new memory
technology; failure to manage the partnership with HP and any early
termination of the collaboration and partnership with HP;
difficulties in managing the relationship with HP and failure of
the benefits of the partnership to materialize; general business
and economic conditions; weakness in demand in SSD, enterprise
solutions or other product categories that SanDisk or HP offer;
industry and technology trends not occurring in the timeline
SanDisk anticipates or at all; and the other risks detailed from
time-to-time in SanDisk’s Securities and Exchange Commission
filings and reports, including, but not limited to, its quarterly
report on Form 10-Q for the quarter ended June 28, 2015. All
statements made in this news release are made only as of the date
of this release. SanDisk undertakes no obligations to update the
information in this release in the event facts or circumstances
change after the date of this release.
About HP
HP creates new possibilities for technology to have a meaningful
impact on people, businesses, governments and society. With the
broadest technology portfolio spanning printing, personal systems,
software, services and IT infrastructure, HP delivers solutions for
customers' most complex challenges in every region of the world.
More information about HP is available
at http://www.hp.com.
HP Forward Looking Statements
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If the risks or
uncertainties ever materialize or the assumptions prove incorrect,
the results of HP 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 about the continued partnership between
SanDisk and HP to collaborate on new technology within Storage
Class Memory (SCM) and in Flash-based SSD product lines; creating
new enterprise wide solutions for Memory-driven Computing and
partnering to enhance data center solutions; expectations around
revolutionizing computing; the speed, cost savings, performance,
power, density and persistence improvements compared to DRAM and
other performance characteristics of the new technology; the
various potential applications of the new technology, including for
enterprise data centers; SanDisk’s continued partnership and
relationship with HP to augment SanDisk’s existing Flash-based SSD
product lines; and the plan to contribute the new technology to
HP’s new computing model, The Machine. Risks, uncertainties and
assumptions include among others: inability to develop, or
unexpected difficulties or delays in developing or ramping with
acceptable yields, the new memory technology; the failure of the
new memory technology to effectively compete with the technologies
of SanDisk’s competitors; the new memory technology may not be
available when HP expects or perform as expected; the failure of
the new memory technology to achieve the various performance
improvements and cost benefits currently anticipated; potential
delays in product development or lack of customer acceptance and
qualification of SanDisk or HP solutions using the new memory
technology; failure to manage the partnership with SanDisk and any
early termination of the collaboration and partnership with
SanDisk; difficulties in managing the relationship with SanDisk and
failure of the benefits of the partnership to materialize; general
business and economic conditions; weakness in demand in SSD,
enterprise solutions or other product categories that SanDisk or HP
offer; industry and technology trends not occurring in the timeline
HP anticipates or at all; and other risks that are described in
HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended
July 31, 2015 and HP’s other filings with the Securities and
Exchange Commission. HP assumes no obligation and does not intend
to update these forward-looking statements.
© 2015 SanDisk Corporation. All rights reserved. SanDisk is a
trademark of SanDisk Corporation, registered in the United States
and other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20151008005350/en/
HPSimon Bowers, 650-857-3518corpmediarelations@hp.comorSanDisk
CorporationMichael Diamond,
408-801-1108Michael.diamond@sandisk.com
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