SAN JOSE, Calif., March 29, 2012 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, has signed a distribution agreement with Promark Technology, which increases the availability of OCZ's enterprise SSDs to Promark's extensive portfolio of VARs (value added resellers) and system integrators in the United States.
With over twenty years of experience in data storage products and solutions, Promark is a premier value added distributor (VAD) that supports a nationwide channel consisting of large system integrators and direct customers providing technology solutions for government applications. Promark leverages its direct relationships with world-class technology partners like OCZ to provide solutions that meet the most demanding needs of its clients.
"We are excited to partner with the team at Promark to deliver our enterprise solid state drives for government applications," said Richard Singh, CSO of OCZ Technology. "Our solid state solution portfolio addresses a broad spectrum of government and education applications and Promark has strong relationships in this market. By working together to make our SSDs available on their GSA schedule it enables us to accelerate the delivery of high performing and ultra reliable SSDs to meet the unique storage requirements of government clients."
"We are excited to enter into this distribution agreement with OCZ Technology" said Dale Foster, President of Promark Technology. "OCZ is a leading manufacturer of solid state solutions. Their SSDs products are providing excellent performance capabilities to storage solutions that our partners need to stay competitive in this market. We can now offer our channel partners price effective best-of-breed SSD solutions to accomplish this task."
Promark will distribute OCZ's comprehensive line of enterprise storage solutions, revolutionizing many aspects of computing and IT, including performance, durability, and power efficiency, with added TCO (total cost of ownership) savings for a variety of 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 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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About Promark Technology
Promark Technology is a premier value added distributors (VAD) in the United States. Promark's core technology focus is distributing data storage and electronic document imaging products and solutions through a two-tier distribution channel selling to value added resellers (VARs) and system integrators. Promark leverages its direct relationships with world class technology partners to provide solutions that meet the most demanding needs of its customers. Promark offers professional services in application integration, backup and recovery, network optimization, storage implementations and disaster recovery solutions. To learn more about Promark's product lines or to setup an account, call Promark Technology at 800-634-0255 or contact us at info@promarktech.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 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.