updated 10/12/2010 8:15:38 AM ET 2010-10-12T12:15:38

SAN JOSE, Calif., Oct. 12, 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 Microland Electronics Corporation as a new customer, placing OCZ enterprise solid-state drives in select systems and storage products for channels ranging from Value-Added Resellers (VARs) to original equipment manufacturers (OEMs) and System Integrators. OCZ's wide range of high-end SSDs are ideal for Microland's unique clientele, delivering superior performance, durability, and power efficiency compared to traditional hard drives, while addressing a wide range of applications for enterprise data management.

Based in the Silicon Valley, Microland Electronics is a leading value-added provider for a range of services including high-end system builds, servers, and other storage solutions that are ideal applications for OCZ's high-performance PCI-Express and SATA SSD products. Microland serves a diverse customer base of VARs and Solution Providers that focus on Fortune 200, Mission Critical, WAN Optimization, Bandwidth Management, Security Event Management, etc., throughout North America, offering new channel opportunities for OCZ's products to have greater visibility in IT infrastructures and other workstation environments.

"We are excited to partner with Microland Electronics by offering the complete range of our customizable enterprise solid state drives," said Richard Singh, Senior VP of Worldwide Sales at OCZ Technology group. "Microland has a long history of providing enterprise class solutions that meet unique customer requirements, and we look forward to working closely with them to support their customer demand for improved storage performance, reliability, and cost of ownership."

 "OCZ has a strong enterprise SSD offering as well as the ability to tailor products that can meet very unique customer requirements, all of which make them an ideal partner," said Abraham Chen, CEO of Microland Electronics. "We are focused on providing key platform technologies to deliver high performance, reliability, and dependability to our business partners, and OCZ's enterprise SSDs help us deliver a truly robust total solution."

About Microland

Microland Electronics Corporation is a leading value-added distributor of a wide range of high tech products, services and solutions, including; high-end systems, storage solutions, Controllers and a wide range of peripherals and components. Microland serves a diverse customer set of value added resellers (VARS), system integrators, original equipment manufacturers (OEMs), and commercial accounts, throughout the U.S. and international Markets.

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.

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 II in OCZ's Annual Report on Form 10-K filed with the SEC on May 20, 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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com