TO ALL:
Tuesday September 10 8:42 AM EDT
Iomega And Matsushita Enter Into Zip Licensing Agreement
ROY, Utah, Sept. 10 /PRNewswire/ -- Iomega Corp announced today the Company has agreed to license
Matsushita Communication Industrial Co., Ltd. of Japan (MCI) to manufacture and sell Zip drives compatible
with Iomega's award winning design.
Under the agreement, MCI is granted a nonexclusive worldwide license to produce Zip drives and sell them
under Matsushita's brand names as well as to OEMs. Matsushita plans to commence production in the fourth
quarter of this year.
"This licensing agreement is significant to our overall strategy of establishing Zip as a worldwide standard
supported by world-class companies like MCI," said Tony Radman, Iomega's senior vice president of strategic
business development. "MCI brings a wealth of experience and a legacy as a quality data storage provider."
MCI is a member of the Matsushita Group of companies and is a partially owned subsidiary of Matsushita
Electric Industrial Co., Ltd. MCI is involved in the manufacture of floppy disk drives, communication
equipment, car electronics, professional audio and video equipment, and other systems. They established
themselves as one of the first Japanese floppy disk drive manufacturers and have been a leader in that
business ever since.
Iomega Corporation provides personal computer storage solutions that help people manage their computer
stuff -- anywhere. These solutions include: Zip drives and disks; Jaz one-gigabyte drives and disks; Ditto tape
backup drives and tape cartridges; and the Bernoulli line of removable drives and disks. Used in homes,
business, government and education, and by creative professionals, Iomega storage solutions are available
through computer retail stores, resellers and major distributors. The company can be reached at 800-
MY-STUFF (800-697-8833). http://.www.iomega.com
NOTE: Iomega and Bernoulli are registered trademarks of, and Zip, Ditto, Jaz, and the Iomega logo are
trademarks of Iomega Corporation. All other brand and product names are the property of their respective
companies.
Any statements contained herein that are not statements of historical fact may be deemed to be
forward-looking statements. There are a number of important factors that could cause actual events or the
company's actual results to differ materially from those indicated by such forward-looking statements including
market acceptance of, and demand for, the company's drive and removable disk products, manufacturing issues
including the supply of components, product pricing, competition, intellectual property rights and litigation,
general economic conditions, and other risks identified in Iomega's Securities and Exchange Commission
filings. SOURCE Iomega Corp. |
