SAN JOSE, Calif., April 7, 2011 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the availability of the Vertex 3 SATA III SSD Series through the Company's extensive reseller network. Market availability will vary by region with wider overall availability continuing to ramp in the coming weeks.
"The Vertex 3 series with the SandForce SF-2200 SSD processor has been eagerly anticipated in the marketplace," said Ryan Petersen, CEO of OCZ Technology Group. "Our partnership with SandForce has again facilitated the introduction of a solution that sets the benchmark for industry leading performance and reliability."
Recently showcased at the CeBIT tradeshow along with the Vertex 3 Pro, the Vertex 3 is the first available solution to feature the new SandForce SF-2200 SSD processor which harnesses the 6Gbps speed of the SATA III interface to deliver double the performance of the previous generation. The new Vertex 3 raises the bar with up to 550MB/s of bandwidth and up to 60,000 IOPS (4k random write), and is now available in 120GB, 240GB, and 480GB capacities. The enterprise-class Vertex 3 Pro series is expected to begin shipping mid-Q2.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the SSD market, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions. For more information, please visit: www.ocztechnology.com.
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Forward-Looking Statements
Certain statements in this press release relate to future events and expectations, including the belief that the transaction will close within 30 days, the expectation that it will accelerate our storage technology innovation, that it will significantly enhance our ability to capitalize on worldwide demand for solid state disk drives, that it will increase customer and stockholder value, that it will expand our reach into embedded markets, that the transaction will become accretive to its earnings per share toward the end of this fiscal year on a non-GAAP basis, excluding acquisition-related expenses, restructuring charges and amortization of intangibles, and, as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, the anticipated timing of filings and approvals relating to the acquisition of Indilinx; the satisfaction of other closing conditions; the expected timing of the completion of the acquisition; the ability to successfully integrate the products, services and employees of Indilinx; potential negative impacts from the recent earthquake in Japan; the ability to successfully develop and market new products and services; our ability to maintain other supplier and customer relationships; market acceptance of our products and our ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries we serve, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; our ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and our ability to generate cash from operations, secure external funding for our operations and manage our liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on Form 10-K filed with the SEC on May 20, 2010 and statements made in other subsequent filings. The filings are available both at www.sec.gov as well as via OCZ's website at www.ocztechnology.com. OCZ does not undertake to update its forward-looking statements.