Petrol Series Leverages the Indilinx Everest Platform and Next Generation NAND Flash to Close the Gap on Hard Disk Drive Pricing
SAN JOSE, Calif., Dec. 13, 2011 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs), today launched the Indilinx Everest-based Petrol SSD Series. The Petrol Series enables further adoption of SSDs in cost-sensitive applications, while taking advantage of real world performance and complete feature set of the Indilinx Everest platform.
"Until today, SSD adoption has been limited to high performance applications due to the high cost of SSDs in relation to slower rotating discs, and we are proud to once again close the gap in pricing without sacrificing durability," said Ryan Petersen, CEO of OCZ Technology. "The new Petrol Series showcases the flexibility of the Indilinx Everest platform and NDurance™ Technology, allowing OCZ to deliver the benefits of SSDs to a wide new set of applications while retaining the superior real world performance and reduced latency that separate Everest-based SSDs from our competitors."
The OCZ Petrol Series delivers bandwidth up to 400MB/s and 35,000 IOPS, and is optimized for the complete spectrum of file types and sizes. Additionally, advanced features unique to Indilinx, such as proprietary page mapping algorithms, allow for steady mixed-workload performance, and innovative latency reduction technology enables superior access times as low as 0.06ms. Petrol ensures the most consistent and reliable performance as well as minimized performance degradation even after the drive's storage capacity is highly utilized.
The OCZ Petrol SSD Series will be available in models ranging from 64GB-512GB capacities throughout OCZ's global channel in the coming weeks.
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 enterprise and consumer SSD markets, 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 release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. 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, market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its 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 17, 2011, and amended on May 31, 2011, and statements made in other subsequent filings. The filing is 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.
CONTACT: Media Contact: Jessica Luken, Director of Global Marketing (408) 733-8400 [email protected] Investor Relations Contact: OCZ Technology Group, Inc. Bonnie Mott, Senior Manager of Investor Relations 408-440-3428 [email protected]
Source: OCZ Technology