Read-Rite Corporation to Supply Heads to Halo Data Devices
MILPITAS and SAN JOSE, Calif., July 29 /PRNewswire/ -- Read-Rite Corporation (Nasdaq: RDRT - news) today announced it has entered into a sole source supply agreement with Halo Data Devices to provide heads for use in Halo Data Devices' CompactFlash Type 1 form factor 250 megabyte microdrive.
''Read-Rite's GMR technological expertise and manufacturing capabilities were key factors in our selection of Read-Rite as our head supplier,'' said Gordon Campbell, Halo Data Devices' chairman and chief executive officer. ''We are pleased to secure Read-Rite as a key supplier in our development of the world's smallest disk drive,'' he added.
''The supply agreement with Halo expands our customer base into small form factor storage devices, for use in portable and embedded applications. In addition to the supply agreement, we have taken a small equity position in Halo. We believe there is a significant market opportunity for the microdrive in both consumer and computer applications,'' said James J. Murphy, Read-Rite's senior vice president of customer programs. ''We look forward to working with Halo Data Devices in this emerging market,'' he added.
Based in San Jose, California, Halo Data Devices is a privately held company developing, manufacturing and marketing miniature data devices for emerging portable, mobile and embedded storage applications. The company is developing the world's smallest disk drive designed for use by original equipment manufacturers (OEMs) and end users. A seasoned management team consisting of veterans from both semiconductor and data storage industries leads Halo Data Devices.
Read-Rite Corporation is one of the world's leading independent manufacturers of magnetic recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and tape drives. The company is headquartered in Milpitas, California and has operations in Japan, Thailand, the Philippines and Singapore. The company's home page on the world wide web can be reached at readrite.com.
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