Mitsubishi Chemical buys optical drives from Pinnacle Micro................
Are they turning around and selling them to Innovacom? I guess not . . . these are magneto-optical discs.
Pinnacle Micro Announces Mitsubishi Chemical Corporation To Market Apex Optical Drives
PR Newswire - July 24, 1997 11:07
IRVINE, Calif., July 24 /PRNewswire/ -- Pinnacle Micro Inc. (Nasdaq: PNCL)
today announced that it has reached an agreement with Mitsubishi Chemical
Corporation. Under the agreement Mitsubishi will market Pinnacle's Apex 4.6
GB(TM) optical drives and media under the MCC label worldwide. The initial
order of Apex drives has shipped to MCC.
The Pinnacle Micro Apex is a removable storage drive capable of storing
4.6 GBs of information on a single piece of media. Apex can be used for
secondary storage, backup, archiving and transporting large files. The Apex
is also compatible (read and write) with the current ISO standard 2.6 GB
optical media available from a variety of manufacturers.
Mitsubishi Chemical Company (MCC) has been a key partner throughout the
development of the Apex. Pinnacle and MCC jointly specified and built Apex
4.6 GB media, the highest capacity 5.25" magneto-optical media on the market.
"This new arrangement further strengthens our relationship with MCC, who
has been our media development partner for the last 4 years," said Ken
Campbell, Pinnacle Micro president. "With their respected name in the
industry and worldwide sales force, we expect that MCC can expand our
penetration in markets not currently covered by Pinnacle."
Mitsubishi Chemical Corporation (MCC) is a leading manufacturer of Magneto
Optical media and other optical media such as CD-RW, CD-R, DVD-RAM and DVD-R.
MCC is an integrated chemical company that was created by the merger of
Mitsubishi Kasei Corporation and Mitsubishi Petrochemical Co., Ltd., on
October 1, 1994. MCC's wide-ranging operations place it among the world's top
ten chemical companies in terms of operating scale.
Pinnacle Micro Inc. is a leading manufacturer of Recordable CD and optical
storage systems for general data storage and data intensive applications such
as network storage, imaging, desktop publishing and prepress, as well as
emerging applications such as digital audio/video editing and commercial
multimedia. Founded in 1987, Pinnacle Micro Inc. is headquartered in Irvine,
Calif. with offices in North America and Europe.
SOURCE Pinnacle Micro Inc.
CONTACT: Leilani Smith, lsmith@rmc.xo.com, or Amy Lytle,
alytle@rmc.xo.com, both of Roberts, Mealer & Co., PR, 714-957-1314 |
