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Presswire - November 27, 1998 13:33
M2 PRESSWIRE-27 November 1998-TOSHIBA: Toshiba Corporation licenses Slimline Zip Drive technology from Iomega (C)1994-98 M2 COMMUNICATIONS LTD
Leading Notebook Peripheral Manufacturer Teams with Iomega to Deliver Preferred Storage Solution to Worldwide Notebook OEM's, Japanese Retail Marketplace and Burgeoning "Beyond-PC" Applications
Iomega Corporation today announced the signing of a contract between Iomega and the Storage Device
Division of Toshiba Corporation granting full licensing rights to Toshiba to redesign, manufacture and market slimline internal Zip drives and external PCMCIA-connected Zip solutions. Toshiba plans to manufacture and market slimline Zip drives to OEM notebook manufacturers worldwide and into the growing beyond-PC applications market.
As part of the contract, Toshiba will also be engineering and manufacturing slimline Zip drives for Iomega to be included in a substantial portion of Iomega branded notebook OEM and future smaller form factor retail Zip drives. Toshiba expects to bring all of these solutions to market in 1999.
"Toshiba is one of the leading manufacturers of notebook peripheral drives," said Edward D. Briscoe, president, personal storage division, Iomega Corporation. "Their decision to manufacture and market slimline Zip drives is a powerful endorsement of Iomega's Zip drive technology and market momentum. With this agreement, we form a pivotal marketing and manufacturing alliance with Toshiba that can deliver innovative and low-cost Zip solutions for years to come."
To date, Iomega's slimline Zip drive has almost exclusively been used for notebook applications. Now, the slimline Zip drive will become available for other external and integrated PC applications beyond notebooks, as well as beyond traditional PC applications like stand-alone set-top boxes, game systems, and audio and medical devices, that can benefit from a smaller profile Zip drive.
"Taking into account the mass market appeal of the Zip drive to both the end user and OEM, and after careful evaluation of Zip drive technology compared to other high-capacity storage technologies, the Zip drive licensing agreement is the next logical step to strengthen our worldwide product offerings for today and tomorrow," said a Toshiba spokesperson.
With more than 100 million Zip SuperFloppy disks and 19 million Zip drives shipped, Zip drive users can rely on having access to their important information virtually anytime, anywhere. Iomega Zip drives can be found as; a standard or optional feature in PC models from all leading desktop OEMs and from many notebook PC manufacturers.
About Toshiba Founded in 1875 in Tokyo, Toshiba Corporation is a world leader in information and communication systems, electronic components, social infrastructure systems, consumer products, and heavy electrical equipment and power generating technology. The company is one of the world's top semiconductor manufacturers and is one of the top suppliers of 2.5 inch Hard Disk Drives, CD-ROM and DVD-ROM drives to notebook OEM's. In fiscal 1997, Toshiba reported sales of $41 billion and had 186,000 employees worldwide. Toshiba's World Wide Web site is located at toshiba.co.jp.
About Iomega Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip, Jaz and Ditto drives and disks that help people to organise, manage, create, exchange and share their important information. Used in homes, businesses, government, education, and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached in Dublin at 353-1-4105 135, or on the Web at iomega-europe.com or visit the Iomega press site at www.iomegaeasy.com
Special note: Statements contained in this release relating to Toshiba Corporation's storage division redesigning, manufacturing and marketing slimline internal notebook Zip drives and external PCMCIA-connected Zip solutions for notebook applications and for external and integrated PC applications beyond notebooks, Toshiba engineering and manufacturing for a substantial portion of Iomega's notebook OEM and future smaller form factor retail needs, and the availability of the Iomega notebook Zip drive from Toshiba are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements including Toshiba commencing shipment of the Zip drives, market acceptance of, and demand for, Toshiba Corporation's Zip drives and Iomega's Zip drives and removable disk products, manufacturing, development and distribution issues, product pricing, competition, intellectual property rights and other risks described in Iomega's Annual Report to Stockholders for 1997 on Form 10-K, filed March 31, 1998 and its most recent quarterly reports filed with the SEC.
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