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Technology Stocks : American Power Conversion

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To: JakeStraw who wrote (2455)4/9/2001 12:27:19 PM
From: JakeStraw   of 2574
 
StorageTek and American Power Conversion Offer Uninterruptible Power Protection for Tape Libraries
biz.yahoo.com
LOUISVILLE, Colo. and PALM DESERT, Calif., April 9 /PRNewswire/ -- StorageTek® (Storage Technology Corp.) (NYSE: STK - news) and American Power Conversion (Nasdaq: APCC - news) have entered into an OEM partnership agreement to offer the Uninterruptible Power Supply (UPS) with full AC redundancy for the StorageTek L180 and L700 tape libraries. The UPS assists StorageTek customers with L180 and L700 tape libraries in maintaining continuous operation, redundant power protection, data integrity and availability in the event of a power disruption.

ContingencyPlanning.com and Ernst & Young recently reported that 31 percent of computer outages are the result of power failures. According to a survey by the Yankee Group, nearly half of corporations ascribe their downtime costs at upward of $1,000 per hour, with 9 percent estimating costs up to or exceeding $50,000 per hour.

According to a study by Bell Labs, power sags, also known as brownouts, are the most common power problem facing data centers.

Ian Stewart, StorageTek director of Product Marketing, said, ``Power failure is the primary cause of unscheduled downtime for more than 72 percent of U.S. corporations. In joining with APC, StorageTek is further demonstrating its commitment to providing customers with complete protection of their mission-critical data.''

``StorageTek is taking a valuable step in helping to ensure system availability with the addition of a redundant APC UPS solution to their L180 and L700 library systems,'' said Peter Rumsey, vice president, Enterprise Solutions Group at APC. ``We are pleased to have worked together to develop this solution ideally suited for StorageTek customers.''

StorageTek's UPS bundle mounts internally to the library and includes two APC Smart-UPS® units and an APC Redundant AC Switch. An AC source failure causes the switch to transfer the load to the redundant UPS automatically; the UPS continues to power the tape library system without interruption. The dual UPSs and redundant AC Power provide failover protection and help protect the data stored in the L180 or L700 tape library. Additionally, the StorageTek UPS bundle includes APC's Web/SNMP Management Card, allowing network operators to identify potential problems quickly and manage APC devices via Web browsers and industry-leading network management platforms.

``Adding features such as auto-power switching and power-conditioning, StorageTek further enhances the reliability of its L180 and L700 tape libraries,'' said Stewart.

About American Power Conversion

Founded in 1981, American Power Conversion (Nasdaq: APCC - news) is a leading provider of global, end-to-end availability enhancement solutions which include surge suppressors, uninterruptible power supplies (UPS), DC-based power systems, precision cooling equipment, cabling and connectivity solutions, power conditioning equipment, related software, professional and consulting services for Nonstop Networking(TM), as well as power purchasing solutions through energyOn.com, The World's Online Energy Store. APC's comprehensive products, services and accessory offering, which is designed for both home and corporate environments, improves the availability, manageability and performance of sensitive electronic, network, communication and industrial equipment of all sizes. APC, which is headquartered in West Kingston, Rhode Island, reported sales of $1.48 billion for the year ended Dec. 31, 2000 and is a Fortune 1000 and S&P 500 company.

About StorageTek

StorageTek (NYSE: STK - news), a $2 billion worldwide company with headquarters in Louisville, Colo., delivers a broad range of storage solutions for digitized data. StorageTek solutions are easy to manage and allow universal access to data across servers, media types and storage networks. StorageTek is the innovator and global leader in virtual storage solutions for tape automation, disk storage systems and storage networking. Because of StorageTek, customers can manage and leverage their digital assets as their businesses grow and can maximize IT productivity to ensure enterprise-class business continuity. For more information, see storagetek.com, or call 1.800.786.7835.

TRADEMARKS: StorageTek is a registered trademark of Storage Technology Corp. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.

SOURCE: StorageTek; American Power Conversion
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