|By Marketwired .||
|December 5, 2012 08:01 AM EST||
SAN JOSE, CA and LAWRENCEVILLE, GA--(Marketwire - December 05, 2012) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that SED International (NYSE MKT: SED), an established multinational distributor of leading computer technology products, is now authorized to distribute OCZ's complete line of consumer-based SSDs in Latin America and the Caribbean.This includes OCZ's popular SATA-based Vertex and Agility SSD Series, the PCIe-based RevoDrive SSD Series, and the recently announced Vector SSD Series featuring OCZ's new Barefoot 3 controller that delivers advanced I/O performance and enhanced endurance for personal computing environments.
The distribution agreement with OCZ represents SED International's first SSD brand for the Latin American region providing an alternative storage technology to hard disk drives (HDDs) given today's performance disparity between servers and HDDs. As data traffic continues to exponentially increase, the mechanical and physical limitations of HDDs result in system bottlenecks that compromise the end user experience necessitating the need for faster, more reliable storage solutions.
"As one of the first major providers of solid-state drives with a rich history of technological innovations, OCZ became our SSD vendor of choice as they offer a well-rounded consumer portfolio focused on high-performance, improved reliability and greater affordability," said Ronell Rivera, Senior Vice President-Latin America for SED International. "We are very pleased to partner with OCZ as a key strategic distributor in the region and with a rich line-card that extends to high-performance enterprise applications, enables the partnership to grow into other areas of the data center."
"We are pleased to build upon our distribution strategy in Latin America and the Caribbean with such a high-profile and customer-oriented value-added distributor as SED International," said E. Zeke Olazaba, Director of Sales-Latin America for OCZ Technology. "The combination of our reseller programs, coupled with extensive service and support and a comprehensive product line-up, will help SED expand its storage solutions presence in a burgeoning region."
As a result of today's distribution agreement, OCZ is poised to increase its market penetration in a growth area with a leading distribution partner.
About SED International Holdings, Inc.
Founded in 1980, SED International Holdings, Inc. is a multinational, preferred distributor of leading computer technology, consumer electronics, and small appliance 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; Texas; Bogota, Colombia and Buenos Aires, Argentina, SED serves a customer base of over 10,000 channel partners and retailers in the United States, Latin America, and Caribbean. To learn more, please visit www.SEDonline.com; or follow us on Twitter @SEDIntl.
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. For more information, please visit: www.ocztechnology.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 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.ocztechnology.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.
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