SAN JOSE, Calif., Oct. 19, 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 announced the opening of a new SSD manufacturing plant in Taipei, Taiwan slated to begin operation on Monday, October 25.
A testament to the Company's dedication to market leadership, the new facility features best of class manufacturing, as well as test and burn-in technology required by the Company's growing OEM client base. The new facility increases the Company's SSD manufacturing capacity to 140,000 units a month from 50,000 units a month internally, accommodating the growing demand for both client and enterprise OCZ SSDs.
"As our SSD revenues continue to expand, we are happy to announce our new state-of-the-art manufacturing facility in Taipei, Taiwan," said Ryan Petersen, CEO of the OCZ Technology Group. "Our new 20,000 square foot facility was set up in response to increased demand from OEMs for our Enterprise Solid State Drive products and significantly increases our monthly SSD capacity."
OCZ demonstrated exciting growth last quarter (SSD unit sales ramped from an average of 15,000 units per month in Q1'11 to over 54,000 units in August). This manufacturing expansion signifies the company's commitment to supporting its growing OEM client base.
With a complete spectrum of interfaces including SATA, SAS, Fibre Channel, PCI-Express, USB 3.0, and the proprietary High-Speed Data Link (HSDL) introduced earlier this month, OCZ anticipates demand of its current and future SSD products and continues to establish itself in both the consumer and enterprise storage markets. Thanks to the improved manufacturing capabilities of the supplementary factory, OCZ intends on meeting the market demand in the coming months.
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.
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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.
CONTACT: OCZ Technology Group, Inc. Ryan M. Petersen, CEO 408-733-8400 The Investor Relations Group Investor Relations: Adam Holdsworth Public Relations: Mike Graff 212-825-3210