Digital Realty Trust Completes POD Architecture Services(R) Contract with First Customer
10 February 2010 - 12:30AM
PR Newswire (US)
SAN FRANCISCO, Feb. 9 /PRNewswire-FirstCall/ -- Digital Realty
Trust, Inc. (NYSE:DLR), the world's largest wholesale datacenter
provider, has completed its first POD Architecture Services®
customer agreement with a Fortune 100 Financial Services company.
Digital Realty Trust unveiled the service August of 2009 to provide
design and construction services to companies that want to leverage
Digital Realty Trust's datacenter expertise and resources while
retaining ownership of their datacenter facility. In this
agreement, Digital Realty Trust is managing the construction
process and schedule and providing numerous other support services
for development of the datacenter, which will be owned and operated
by the customer. The data center project will serve as a key
element of the financial institution's global IT infrastructure.
The first phase will feature 3375 kW of IT load and approximately
30,000 square feet of raised floor space. The project is underway
and projected completion date is summer 2010. "The value
proposition for customers is clear: by using our POD Architecture
Services the customer is able to complete large datacenter
projects, faster, more cost effectively and with lower risk than if
they take a purely do-it-yourself approach. When companies
collaborate with us on their datacenter projects, they can save as
much as tens of millions of dollars and months or even years by
utilizing our supply chain, design and construction expertise, and
other proprietary resources," said Chris Crosby, Senior Vice
President, Corporate Development, at Digital Realty Trust. "We are
continuing to receive a very positive response from the market for
this service. It has a strong value proposition for companies that
want to reduce the complexity and cost of their datacenter
projects." Companies that utilize Digital Realty Trust's POD
Architecture Services® are able to: -- License Digital Realty
Trust's Turn-Key Datacenter® design package, including its
proprietary Design Engineering Guidelines that include schematics,
one-lines, BOMs, project/site basis - enabling companies to benefit
from the efficiencies of Digital Realty Trust's proven model; --
Utilize Digital Realty Trust's air flow modeling methodology to
determine the most energy-efficient floor layout; -- Access Digital
Realty Trust's supply chain for procurement of datacenter
components - providing companies with significant pricing
advantages and accelerated delivery of equipment via Digital Realty
Trust's vendor partnerships; -- Benefit from Digital Realty Trust's
proprietary Gating Process® - providing enterprises with a series
of sign offs and checks that give them complete control of the
program from Rough-Order-of-Magnitude to Final Product with input
and final decision-making power. Unlike traditional development
methods for build-to-suit projects, Digital Realty Trust's Gating
Process provides customers with transparency and inputs at key
stages of the project -- from scope and schematic through
commissioning and completio;. -- Take advantage of Digital Realty
Trust's expertise in the specific challenges related to datacenter
development and project management, including obtaining contracts,
securing permits, coordination with local agencies and service
providers and building the facility - another key component of
Digital Realty Trust's Gating Process; -- Benefit from Digital
Realty Trust's award-winning green datacenter and energy efficiency
program and expertise; and -- Take possession of a fully
commissioned facility that has undergone Level V Testing. For more
information about Digital Realty Trust's POD Architecture Services,
visit http://www.digitalrealtytrust.com/. About Digital Realty
Trust, Inc. Digital Realty Trust owns, acquires, redevelops,
develops and manages technology-related real estate. The Company is
focused on providing Turn-Key Datacenter® and Powered Base
Building® datacenter solutions for domestic and international
tenants across a variety of industry verticals ranging from
information technology and internet enterprises, to manufacturing
and financial services. Digital Realty Trust's 84 properties,
excluding one property held as an investment in an unconsolidated
joint venture, contain applications and operations critical to the
day-to-day operations of technology industry tenants and corporate
enterprise datacenter tenants. Comprising approximately 14.9
million square feet as of January 25, 2009, including 1.9 million
square feet of space held for redevelopment, Digital Realty Trust's
portfolio is located in 27 markets throughout Europe and North
America. For additional information, please visit Digital Realty
Trust's website at http://www.digitalrealtytrust.com/. Safe Harbor
Statement This press release contains forward-looking statements
which are based on current expectations, forecasts and assumptions
that involve risks and uncertainties that could cause actual
outcomes and results to differ materially, including statements
related to the potential cost savings for customers utilizing
Digital Realty Trust's POD Architecture Services. These risks and
uncertainties include the impact of the current deterioration in
the global economy, including the turmoil in the financial and
credit markets; the downturn of local economic conditions in our
geographic markets; decreases in information technology spending,
including as a result of economic slowdowns or recession; adverse
economic or real estate developments in our industry or the
industry sectors that we sell to; decreases in real estate
valuations and resulting impairment charges; our dependence upon
significant tenants; bankruptcy or insolvency of one or more major
tenants or a significant number of smaller tenants; defaults on or
non-renewal of leases by tenants; our failure to obtain necessary
debt and equity financing for refinancing current debt obligations,
undertaking or completing redevelopment, completing acquisitions or
other purposes; increased interest rates and operating costs; our
failure to repay debt when due or our breach of covenants or other
terms contained in our loan documents; financial market
fluctuations; changes in foreign currency exchange rates; our
ability to manage our growth effectively; difficulty acquiring or
operating properties in foreign jurisdictions; our failure to
successfully operate acquired or redeveloped properties; risks
related to joint venture investments, including as a result of our
lack of control of certain of these investments; delays or
unexpected costs in development or redevelopment of properties;
decreased rental rates or increased vacancy rates; increased
competition or available supply of data center space; inability to
successfully redevelop and lease new properties and space held for
redevelopment; difficulties in identifying properties to acquire
and completing acquisitions; our inability to acquire off-market
properties; our inability to comply with the rules and regulations
applicable to public companies; our failure to maintain our status
as a REIT; possible adverse changes to tax laws; restrictions on
our ability to engage in certain business activities; environmental
uncertainties and risks related to natural disasters; changes in
foreign laws and regulations, including those related to taxation
and real estate ownership and operation; changes in real estate and
zoning laws; and increases in real property tax rates. For a
further list and description of such risks and uncertainties, see
the reports and other filings by the Company with the United States
Securities and Exchange Commission, including the Company's annual
report on Form 10-K for the year ended December 31, 2008 and the
Company's quarterly reports on Form 10-Q for the quarters ended
March 31, 2009, June 30, 2009 and September 30, 2009. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Turn-Key Datacenter, Powered Base
Building, POD Architecture, POD Architecture Services and Connected
Hosting Center are registered trademarks of Digital Realty Trust.
For Additional Information: --------------------------- A. William
Stein Pamela A. Matthews Chief Financial Officer and
Investor/Analyst Information Chief Investment Officer Digital
Realty Trust, Inc. Digital Realty Trust, Inc. +1 415-738-6500 +1
415-738-6500 DATASOURCE: Digital Realty Trust, Inc. CONTACT: A.
William Stein, Chief Financial Officer and Chief Investment
Officer, +1-415-738-6500, or Pamela A. Matthews, Investor/Analyst
Information, +1-415-738-6500, both of Digital Realty Trust, Inc.
Web Site: http://www.digitalrealtytrust.com/
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