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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Scott D. who started this subject4/14/2004 3:22:36 PM
From: JakeStraw  Read Replies (1) of 2283
 
ADIC Signs Distribution Agreement with Tokyo Electron Ltd

Wednesday April 14, 2:51 pm ET

Master Agreement Extends to Automated Tape Libraries, Pathlight VX Disk-to-Tape Backup Solutions; Marks Expansion of ADIC in Japanese Market
biz.yahoo.com

REDMOND, Wash.--(BUSINESS WIRE)--April 14, 2004-- Advanced Digital Information Corporation (Nasdaq:ADIC), leading supplier of intelligent storage solutions for the open systems market, announced today that it has finalized a distribution agreement with Tokyo Electron Limited (TEL). Under terms of the agreement, TEL will act as the master distributor for the entire line of ADIC automated tape libraries and Pathlight VX disk-to-tape backup solutions throughout Japan.
TEL, one of the leading suppliers of semiconductor production equipment and electronics components, has expanded its business to also become one of the primary international distributors of servers, networking, security, and data protection products. The company's Computer Network Division has been in the forefront of providing Fibre Channel Storage Area Networking (SAN) solutions for a wide variety of the largest commercial companies in Japan, as well as for government agencies, research facilities, and value-added resellers serving the indirect sales channel. TEL represents a significant number of the leading suppliers of SAN-based data protection products in Japan, including Brocade Communications, Veritas Software, Emulex Corporation and HP.

"We are very pleased to have the team at Tokyo Electron work with us to help ADIC expand our business in Japan," said Scott Roza, ADIC Vice President of Sales and Marketing. "TEL has a unique combination of qualities that make them an ideal long-term partner for ADIC. They offer sophisticated technical skills in the area of data protection, well-established continuing customer relationships, and a commitment to bringing the IT community the very best solutions delivered through a blend of advanced products and responsive service."

"TEL is extremely pleased to be able to offer ADIC tape automation and disk-to-tape solutions to help the IT community manage and protect their rapidly growing data more effectively," said Vic Amano, VP & General Manager of Computer Network Division, TEL. "In Japan, the tape automation market segment is one of the fastest growing IT sectors. ADIC is not only the market leader in the open systems tape automation segment, but also offers a heritage of product innovation, on-going commitment to customer and partner relationships, and strong service and support capabilities."
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