**** NEWS FLASH ****
Indonesia's Bank Rakyat to standardize on SyQuest SyJet drives
BusinessWire, Thursday, May 15, 1997 at 09:50
FREMONT, Calif.--(BUSINESS WIRE)--May 15, 1997--SyQuest
Technology Inc., (NASDAQ:SYQT), a world leader in removable cartridge
hard drive technology, today announced a long-term arrangement with
Bank Rakyat Indonesia, under which all branches will standardize on
SyQuest's award-winning SyJet 1.5GB removable cartridge hard drives
and cartridges.
SyQuest began shipments to Bank Rakyat's more than 4,300 branches
this week, after the company qualified SyJet as rugged enough to
support the bank's local servers handling all branch transactions
and report generation. The Bank Rakyat expects each of its branch
offices to install one or more SyJet drives and to archive its
respective server-generated records and reports at the rate of one
1.5GB SyJet cartridge per month.
"We are pleased to enter into this long-term relationship with
Bank Rakyat and pledge our full support to ensure a successful
program at the branch offices," said Greg Peel, vice president, Asia
Pacific Sales. "This installation represents a great opportunity
for us in the banking and finance arena, as SyJet's value, capacity
and performance make it an ideal long-term solution for these
applications."
Looks like the Syjet is becoming the standard for Banking in the two most populous nations. They have billions, not thousand or millions of people.
Joe |
