Turn off the lights if you have read this!
Monday May 4, 4:01 pm Eastern Time
Company Press Release
HMT Announces New Customer Qualification Now Shipping to SyQuest
FREMONT, Calif.--(BUSINESS WIRE)--May 4, 1998--HMT Technology (NASDAQ:HMTT - news) today announced
that it has been qualified by SyQuest and has begun shipping media for use in SyQuest's SparQ removable 1GB cartridge
drive. HMT designed the media for use in removable applications with proximity heads, with special attention paid to the
head-disk interface, providing higher reliability in an environment that can often experience higher contamination levels than
traditional disk drives.
''We are excited about adding SyQuest to our customer base,'' said Ron Schauer, chairman, president and CEO of HMT.
''We believe that the removable storage market will continue to grow at a faster pace than the traditional storage market, and
we have a very strong technology position in this market. We look forward to further work with SyQuest as that company
grows and brings additional products to market.''
HMT Technology Corporation independently designs, develops, manufactures and markets high-performance thin-film disks.
The company's products are used in high-capacity hard disk drives for a variety of high-end applications including personal
computers, network servers and workstations, and in certain removable hard disk drive applications. The disks currently
being shipped by HMT primarily have coercivity levels of 2000 to 2600 Oersted, a measure of storage capacity, and glide
heights of 1.5 to below 1.0 microinches. The company's shares are traded on the Nasdaq National Market under the symbol
HMTT. Additional information may be obtained by visiting HMT's website at hmtt.com, or by contacting the
company directly.
Based in Fremont, Calif. SyQuest Technology, Inc. is the leader in removable cartridge hard drive storage technology. The
company offers the best performing, most affordable, and easy to use removable hard drives and cartridges in the
marketplace. SyQuest award winning products are ideal storage solutions for SOHO/professionals, families, students, Internet
users and more. SyQuest (SYQT) is publicly traded on Nasdaq's National Market System. The company's web site is
www.syquest.com.
The statements in this news release, other than the historical financial information, may contain forward-looking statements that
involve risks and uncertainties that could cause actual results to differ from predicted results. Further information on factors
that could affect the company's results is detailed in the company's report on Form 10-K for the year ended March 31, 1997
and report on Form 10-Q for the period ended December 31, 1997, as filed with the Securities and Exchange Commission.
The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. |
