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Imation to Provide Sales, Marketing, and Distribution Services for Exabyte’s VXA and Magnum Product Lines Throughout the Region
SINGAPORE (February 23, 2005) — Exabyte Corporation (OTCBB: EXBT), a leading innovator in tape backup, restore, and archival systems, and Imation Corp. (NYSE: IMN), a worldwide leader in removable data storage media, today announced they are expanding their existing relationship to establish Imation as an authorized reseller of Exabyte’s VXA and Magnum ( LTO™ Ultrium™) drives, libraries and media throughout the Asia-Pacific region.
Exabyte will resell its VXA and Magnum products through Imation in the Asian market, including Bangladesh, Cambodia, India, Indonesia, Laos, Malaysia, Mauritius, Myanmar, Pakistan, Philippines, China, Hong Kong, and Taiwan. The product offering through Imation will include the full suite of award-winning VXA products, including stand-alone VXA-2 Packet Drives and VXA PacketLoaders as well as Exabyte’s robust line of Magnum LTO libraries. Exabyte has a strong presence in the APAC region with offices and operations in Singapore, Tokyo, China, India, and Australia. The expanded relationship with Imation augments the company’s current operations in this growing market.
“In November of 2003, Imation and Exabyte entered into an agreement that established Imation as the exclusive worldwide distributor of Exabyte brand media products. Today’s announcement marks another step in our growing relationship and is another example of Imation’s commitment to deliver the broadest portfolio of removable data storage media products to our customers in Asia,” said Nobuyoshi Kawasaki, Executive Managing Director, Asia Pacific, Imation Corp. “We see strong growth potential in the rapidly modernizing and upgrading enterprise networks in Asia. With Imation’s more than 50 years of experience in removable data storage, strong distribution channels, and deep customer knowledge, we are well positioned to service the customer needs for greater data storage and protection solutions within the region with Exabyte’s highly reliable suite of innovative products.”
Imation is a leading developer and manufacturer of removable data storage media, serving customers’ needs in more than 100 countries worldwide. Exabyte will benefit from Imation’s strong distribution capabilities and end-user relationships.
“Exabyte’s VXA and Magnum products have garnered widespread acclaim in product reviews and have been adopted by major OEMs, including IBM, Apple and Fujitsu,” said Chris Wening, Asia-Pacific Sales Director, Exabyte Corporation. “This relationship leverages Imation’s sales capabilities and global customer reach to enhance the sales and promotion of Exabyte’s drives, libraries and media products in the Asian market, where Imation has a long-established presence and customer base. We are thrilled to expand our relationship with Imation by working together to serve the dynamic and growing market in this region.”
This agreement expands Exabyte's existing distribution channels to provide more coverage in the region. For more information on Exabyte, its channel partners, and its products, please visit www.exabyte.com.
About VXA Packet Technology
Exabyte, the leading innovator in tape backup technologies since 1985,
is the only company to offer award-winning VXA Packet Technology. This
ground-breaking technology enables VXA Packet drives, autoloaders and
tapes to read and write data in packets just like the Internet, providing
far superior restore integrity, exceptional transfer speeds and scalable
capacity. VXA Packet drives and autoloaders deliver transfer speeds
up to 43 GB per hour, allowing network administrators to backup 160
GB of data (equal to one VXA-2 tape) in less than four hours. With PerfectWrite
and 4-level Reed-Solomon Error Correction, VXA products are up to 180x
more likely to restore your data – even from a damaged tape. VXA
Packet drives and tapes offer scalable capacity – variable cartridge
capacities that provide just the right capacity for today’s backup
needs and the flexibility to scale for future data growth. Superior
product reviews and adoption by major OEMs, including IBM, Apple and
Fujitsu Siemens, have established VXA Packet Technology as the new standard
in tape backup.
About Exabyte Corporation
Exabyte Corporation (OTCBB: EXBT), now entering its 20th year, is a
recognized pioneer and leading innovator in tape storage. Its heritage
comprises an impressive list of industry “firsts,” including
the first manufacturer of tape drives to break the 1, 2, and 5 GB capacity
barriers, the first to introduce 8mm tape drives and libraries, the
first to offer native Fibre Channel drives and libraries, the first
to offer FireWire tape drives and libraries and the first and only manufacturer
to offer VXA Packet Technology, which enables its VXA Packet drives,
autoloaders and tapes to read and write data in packets like the Internet,
allowing far superior restore integrity, exceptional transfer speeds
and scalable tape capacities. With award-winning VXA Packet Technology,
patented ExaBotics™ and its innovative engineering approach, Exabyte
delivers new VXA™ and LTO™ (Ultrium™) products that
consistently raise the bar for industry standards in engineering, quality
and data reliability. The company’s product suite is ideally suited
for SMB and departmental servers, workstations, LANs, and SANs, providing
dramatically higher capacity, speed and reliability at competitive prices.
Exabyte has a worldwide network of OEMs, distributors and resellers
that share the company's commitment to innovation and customer service,
including IBM, HP, Fujitsu LTD., Fujitsu Siemens, Apple, Imation, Bull,
Toshiba, Logitec, Kontron, Tech Data, Ingram Micro, CDW and Arrow Electronics.
For additional information, call 1-800-EXABYTE or visit www.exabyte.com.
For investor relations inquiries, contact Kelly Beavers at investor@exabyte.com.
About Imation Corp.
Imation Corp (NYSE: IMN) is a leading developer, manufacturer and supplier
of magnetic and optical removable data storage media. Additional information
about Imation is available on the company's website at www.imation.com.
Information about the South Asia region is available at www.imation-southasia.com.
Imation and the Imation logo are trademarks of Imation.
Exabyte, VXA and ExaBotics are trademarks of Exabyte. All other trademarks
are property of their respective owners.
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