SAN JOSE, Calif., June 2, 2010 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) and memory modules for computing devices and systems, has signed a distribution agreement with Ingram Micro Distribution GmbH to increase the availability of OCZ's SSDs, memory, and power supplies for business and enterprise clients in Germany.
A Fortune 100 company, Ingram Micro is one of the largest technology distributors providing sales, marketing, and logistics for the worldwide IT industry. With over 30 years experience and global offices serving over 150 countries, Ingram Micro will provide the opportunity for OCZ to supply new channels in the German market.
"OCZ is very pleased to partner with Ingram Micro in Germany to make our complete range of solid state solutions more accessible," said Ryan Petersen, CEO of the OCZ Technology Group. "Ingram Micro's commitment to providing innovative products and exceptional service to Value Added Resellers in the region makes them an ideal partner for the distribution of our leading edge SSDs."
"With OCZ, we extend our broad base of Memory and SSD vendors to meet the growing demand for high performance memory products. Especially in the performing SSD segment, we expect a lot of growth in the next months," said Marc Florian Gerken, Senior Manager Business Unit Components at Ingram Micro Distribution GmbH.
Ingram Micro will be distributing OCZ's complete line of solutions with a focus on SSDs. OCZ consumer and enterprise SSDs and computer hardware are a discernible fit for Ingram Micro's customer base, revolutionizing many aspects of computing and IT, including performance, durability, and power efficiency, with added TCO (total cost of ownership) savings for enterprise applications.
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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About Ingram Micro
As the leading company for IT-products in Germany, Ingram Micro Distribution GmbH offers a widespread product spectrum in line with the market with over 350 renowned IT-suppliers as well as services for e-commerce and logistics for over 35,000 customers. Ingram Micro Distribution GmbH is the German subsidiary of Ingram Micro. Ingram Micro Inc. (NYSE:IM), Santa Ana/USA is the largest global wholesale provider of technology and supply chain management services.
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through outsourced logistics services, technical support, financial services, unique marketing programs and product aggregation and distribution. The company serves 150 countries and is the only global broadline IT distributor with operations in Asia. Ranked 80 on the Fortune 500, Ingram Micro generated $29.52 billion in revenues for fiscal year 2009. Visit www.ingrammicro.de, www.ingrammicro.com or www.ingrammicro-europe.com.
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 II in OCZ's Quarterly Report on Form 10-Q filed with the SEC on January 14, 2010. 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.