TRCD Tricord Systems Announces OEM Agreement With United Digital, Ltd; NAS
Appliance Enabled By Tricord's Illumina Software to be Marketed in Europe by
United Digital
MINNEAPOLIS, Oct 10, 2001 (BUSINESS WIRE) -- Tricord Systems, Inc.
(Nasdaq:TRCD) -- developer of the revolutionary Illumina(TM) clustering software
-- today announced an OEM agreement with United Digital, Ltd., a UK-based
provider of fault tolerant RAID storage. Through this agreement, United Digital
will distribute and sell a network attached storage (NAS) product, Synchro VR
NAS, featuring Illumina. The product will be marketed in Europe under the United
Digital brand, with an Illumina co-brand. Financial terms of the agreement were
not disclosed.
"The relationship between Tricord and United Digital will provide strong
strategic benefits for both companies," said Joan Wrabetz, Tricord president and
CEO. "United Digital will enable Tricord to broaden its reach by providing
exemplary technical knowledge, marketing talent, and customer support in the
burgeoning European market. Tricord's Illumina software will provide United
Digital with a unique competitive advantage and enable the company to answer an
important need in the marketplace for a scalable NAS solution."
"Tricord's patented clustering software provides a powerful basis for our new
Synchro VR NAS product," said Paul Phillips, Managing Director of United
Digital, Ltd. "Our clients are looking for cost-effective, fault-tolerant
storage solutions, and our new relationship with Tricord will allow us to
address this demand. The market for network-attached storage is growing rapidly
in Europe, and we expect the Synchro VR will be very well received."
United Digital's clustered NAS product will be marketed as the Synchro VR in the
European market. The product will be available in October 2001. For additional
information, please contact United Digital at sales@u-digital.com.
About Tricord's Illumina Software
Illumina is clustering software, including a revolutionary distributed file
system and management technology that aggregates multiple server appliances into
a single resource. Because multiple appliances in a cluster are managed as one
entity, many of the tasks associated with managing and growing storage systems
are eliminated. Illumina-enabled appliances are literally plug-and-play,
offering seamless growth and continuous access to content with no downtime. As
the number of appliances grows, performance and throughput scale along with
capacity. This is achieved without expensive system administration or downtime
due to the ability of the appliances to operate as a single unit.
About United Digital
United Digital is a private European manufacturer and developer of
fault-tolerant enterprise information storage and retrieval solutions.
Headquartered in Warwick in the United Kingdom, United Digital serves its
international network of resellers and VARS with a range of fully integrated
networked workflow and information storage solutions. United Digital is a
partner of world-class organizations like IBM, Fujitsu, CMD, Mylex, ATTO
Technology, and Gadzoox.
About Tricord Systems
Tricord Systems, Inc. designs, develops and markets innovative server appliances
and software for content-hungry applications. The core of Tricord's
revolutionary new technology is its patented Illumina(TM) software that
aggregates multiple appliances into a cluster, managed as a single resource.
Radically easy to deploy, manage and grow, Tricord's products allow users to add
capacity to a cluster with minimal administration. Appliances are literally
plug-and-play, offering seamless growth and continuous access to content with no
downtime. The technology is ideally suited for applications including general
file serving, imaging, archiving, and web serving. Tricord is based in
Minneapolis, MN with offices in Colorado, California and Georgia. For more
information, visit www.tricord.com.
"Safe-Harbor" Statement Under Private Securities Act of 1995: The statements
contained herein that are not historical facts contain forward-looking
information with respect to plans, projections or future performance of the
Company, including the Company's expectations regarding market acceptance of its
products, revenues and operating expenses. There is no guarantee or assurance
that these plans, projections or future performance of the Company as indicated
will be achieved, and actual results could differ materially. Factors, certain
risks and uncertainties that could impact the Company's future results include,
without limitation, the ability of the Company to develop and release
commercially its server appliance products in a timely manner, delays in the
market acceptance of the Company's products due to market conditions, software
errors or other factors, the ability to generate revenues at a level that meets
expectations, the ability to successfully establish and maintain a competitive
position in the server appliance market, the ability to respond to changes in
technology and industry standards, the ability to enter into partner
relationships or otherwise develop distribution capabilities, the ability to
protect and enforce its intellectual property rights, the ability to hire and
retain required personnel, the ability to raise additional capital if required,
and other risks and uncertainties detailed in the Company's filings with the
Securities and Exchange Commission. The Company undertakes no obligation to
update any forward-looking information.
CONTACT: Tricord Systems, Minneapolis
Media Contacts:
Tracey Floming, 720/548-4137
or
Atomic PR
Rebecca West, 415/260-6094
or
United Digital
Claire Malone, 44-1926-88-70-80
or
Investor Contact:
Investor Relations, 763/551-6402
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KEYWORD: MINNESOTA GREAT BRITAIN INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
MANUFACTURING
NETWORKING
SOFTWARE
MARKETING
AGREEMENTS
SOURCE:
Tricord
Systems
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