OCZ News -
OCZ Technology Expands Partnership With SED International to Include U.S. Distribution
SAN JOSE, CA and LAWRENCEVILLE, GA--(Marketwired - July 15, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power supply units (PSUs) for computing devices and systems, today announced that the distribution agreement with SED International (NYSE MKT: SED) has been expanded. SED International, an established multinational distributor of leading computer technology products is now authorized to distribute OCZ's complete portfolio of SSDs and power supplies throughout the U.S. region.
"Consistent with our strategic initiative to support small business IT solutions with leading edge solutions, OCZ's portfolio of high-performance SSDs and PSUs are an extremely good match for these business objectives," said Derrek Hallock, Senior Vice President for SED International. "Given a proven track record with OCZ's consumer SSDs in Latin America, we're excited to expand distribution in the U.S. with their complete product line card."
"We are pleased to expand our distribution strategy in the U.S. with a highly regarded distributor as SED International and a well-rounded customer base that includes value-added resellers, system integrators, retailers, e-tailers, manufacturers and other specialty resellers," said Wayne Eisenberg, Senior Vice President of Sales for OCZ Technology. "The combination of our reseller programs, extensive service and support and comprehensive product line-up will help SED expand its storage solution and power supply presence throughout the U.S. region."
"OCZ has great products and lineup to which enables my customers in virtually any application where fast, high performance storage is required," said Ben Chill for MTX Systems, a customer of SED International. "With access to OCZ's solid state solutions my customer's needs and demands are met."
OCZ's initial partnership with SED began in December 2012 enabling SED to distribute its complete line of consumer-based SSDs for Latin America as the first SSD brand for this region. With a rich history of technological innovation that has driven both the SSD and PSU industries, OCZ products are highly regarded for high-performance, improved reliability and greater affordability, and its complete product portfolio is now available in the U.S. through the SED sales channel.
For more information on OCZ enterprise SSDs, select www.ocz.com/enterprise.
For more information on OCZ consumer SSDs, select www.ocz.com/consumer.
For more information on OCZ power supplies, select www.ocz.com/consumer/power-supplies.
About SED International Holdings, Inc.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, small appliances, housewares, and personal care products. The company also offers custom-tailored supply chain management services ideally suited to meet the priorities and distribution requirements of the e-commerce, Business-to-Business and Business-to-Consumer markets. Headquartered near Atlanta, Georgia with business operations in California, Florida, Georgia, New Jersey, Colombia and Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the US and Latin America. More information is available at www.SEDonline.com.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. More information is available at www.ocz.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, the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; 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; OCZ's ability to obtain sufficient NAND flash; 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 14, 2012, 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.ocz.com. OCZ does not undertake to update its forward-looking statements.
All trademarks or brand names referred to herein are the property of their respective owners.
OCZ Press Contact:
Scott Harlin
Director of Marketing Communications
(408) 440-3484
sharlin@ocztechnology.com
OCZ Investor Relations Contact:
Bonnie Mott
Senior Manager of Investor Relations
(408) 440-3428
bmott@ocztechnology.com
OCZ Technology Expands Partnership With SED International to Include U.S. Distribution
SAN JOSE, CA and LAWRENCEVILLE, GA--(Marketwired - July 15, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power supply units (PSUs) for computing devices and systems, today announced that the distribution agreement with SED International (NYSE MKT: SED) has been expanded. SED International, an established multinational distributor of leading computer technology products is now authorized to distribute OCZ's complete portfolio of SSDs and power supplies throughout the U.S. region.
"Consistent with our strategic initiative to support small business IT solutions with leading edge solutions, OCZ's portfolio of high-performance SSDs and PSUs are an extremely good match for these business objectives," said Derrek Hallock, Senior Vice President for SED International. "Given a proven track record with OCZ's consumer SSDs in Latin America, we're excited to expand distribution in the U.S. with their complete product line card."
"We are pleased to expand our distribution strategy in the U.S. with a highly regarded distributor as SED International and a well-rounded customer base that includes value-added resellers, system integrators, retailers, e-tailers, manufacturers and other specialty resellers," said Wayne Eisenberg, Senior Vice President of Sales for OCZ Technology. "The combination of our reseller programs, extensive service and support and comprehensive product line-up will help SED expand its storage solution and power supply presence throughout the U.S. region."
"OCZ has great products and lineup to which enables my customers in virtually any application where fast, high performance storage is required," said Ben Chill for MTX Systems, a customer of SED International. "With access to OCZ's solid state solutions my customer's needs and demands are met."
OCZ's initial partnership with SED began in December 2012 enabling SED to distribute its complete line of consumer-based SSDs for Latin America as the first SSD brand for this region. With a rich history of technological innovation that has driven both the SSD and PSU industries, OCZ products are highly regarded for high-performance, improved reliability and greater affordability, and its complete product portfolio is now available in the U.S. through the SED sales channel.
For more information on OCZ enterprise SSDs, select www.ocz.com/enterprise.
For more information on OCZ consumer SSDs, select www.ocz.com/consumer.
For more information on OCZ power supplies, select www.ocz.com/consumer/power-supplies.
About SED International Holdings, Inc.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, small appliances, housewares, and personal care products. The company also offers custom-tailored supply chain management services ideally suited to meet the priorities and distribution requirements of the e-commerce, Business-to-Business and Business-to-Consumer markets. Headquartered near Atlanta, Georgia with business operations in California, Florida, Georgia, New Jersey, Colombia and Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the US and Latin America. More information is available at www.SEDonline.com.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. More information is available at www.ocz.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, the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; 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; OCZ's ability to obtain sufficient NAND flash; 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 14, 2012, 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.ocz.com. OCZ does not undertake to update its forward-looking statements.
All trademarks or brand names referred to herein are the property of their respective owners.
OCZ Press Contact:
Scott Harlin
Director of Marketing Communications
(408) 440-3484
sharlin@ocztechnology.com
OCZ Investor Relations Contact:
Bonnie Mott
Senior Manager of Investor Relations
(408) 440-3428
bmott@ocztechnology.com
