SAN JOSE, Calif., July 19, 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 that the OCZ Deneva SSD Series was qualified by PEER 1 Hosting for integration into their product offerings for Managed Hosting and Dedicated Servers (under the company's ServerBeach brand). The Deneva Series delivers superior bandwidth, durability, and power efficiency over traditional hard drives along with enterprise-rich reliability features, enabling PEER 1 Hosting to provide an even more robust storage resource for their clients' critical data warehouses.
"At PEER 1 Hosting, we enable our customers to focus on the possibilities of the Internet, and not the problems," said Ron Bradburn, Director of Technology for PEER 1 Hosting. "The OCZ Deneva SSD Series has a great performance to cost ratio. This allows us to offer our customers a compelling alternative to slower mechanical drives and dramatically improves the performance of their server's applications. The advanced features for data integrity on this drive help to increase reliability as well."
"We are pleased that PEER 1 Hosting has chosen our Deneva SSDs to be deployed within their customizable hosting solutions," said Ryan Petersen, CEO of OCZ Technology Group. "PEER 1 Hosting has a complete spectrum of hosting services and our Deneva Series delivers unprecedented speed, scalability, and reliability for their most compute-intensive applications."
PEER 1 Hosting is one of the leading hosting providers worldwide, with a 10Gb FastFiber Network™ connected by 17 state-of-the-art datacenters across North American and Europe. These highly secure, redundant datacenters protect customer servers and web presence, and ensure they remain online and operational at all times. OCZ Deneva SSDs will be available as an upgradable option to PEER 1 Hosting customers and will include ECC recovery, power loss data protection, endurance, and superior transactional throughput to overcome the obstacles inherent in mechanical HDD storage.
As the demand for optimal data throughput and reliability broaden across various industries, the Deneva SSD Series is the ideal storage deployment option for customers looking to maximize data security and productivity for their online resources. OCZ continues to provide products that enhance performance and value across the range of storage service providers and IT environments.
About PEER 1 Hosting
PEER 1 Hosting is one of the world's leading IT hosting providers. The company is built on two obsessions: Ping & People. Ping, represents its commitment to best-in-breed technology, founded on a high performance 10Gb FastFiber Network™ connected by 17 state-of-the-art datacenters, 21 points-of-presence and 10 Colocation facilities throughout North America and Europe. People, represents its commitment to delivering outstanding customer service to its more than 10,000 customers worldwide, backed by a 100 percent uptime guarantee and 24x7x365 FirstCall Support™. PEER 1 Hosting's portfolio includes Managed Hosting, Dedicated Servers under the ServerBeach brand, Colocation and Cloud Services. Founded in 1999, the company is headquartered in Vancouver, Canada, with European operations headquartered in Southampton, UK. PEER 1 Hosting shares are traded on the TSX under the symbol PIX. For more information visit: www.peer1.com or www.peer1hosting.co.uk.
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: http://www.ocztechnology.com/ and http://www.oczenterprise.com/
The OCZ Technology Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7439
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.