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Technology Stocks : Imation (IMN)

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To: Ronald Ashkenazy who wrote (50)6/2/1998 1:08:00 PM
From: Ronald Ashkenazy  Read Replies (1) of 103
 
Imation SuperDisk Drive Receives 1998 Win100 Award From Windows Magazine

OAKDALE, Minn.--(BUSINESS WIRE)--June 2, 1998--
Annual Awards Recognize Year's Best Hardware and Software Computing Products

Imation Corp. (NYSE: IMN) announced today that the Imation SuperDisk Parallel Port Drive has been awarded a 1998 Win100 Award by CMP's Windows Magazine in the category of removable-media drives. The product was recognized for its impressive performance and compatibility with 120 MB SuperDisk diskettes, 1.44 MB diskettes and 720 KB diskettes.

"The Windows Magazine editorial team is a group of hard-core PC product review specialists," said Mike Elgan, editor, Windows Magazine. "Over the past year, we've looked at some truly great products--and quite a few not-so-great ones. The accelerated pace of product development has lured some vendors into a rush-to-market mindset. The result is often hardware or software that's simply not ready for prime time. That's why our 1998 Win100 issue is so important. All the products profiled in our annual issue meet our rigorously high standards of excellence."

Windows Magazine's annual Win100 Awards, featured in a special issue on newsstands next week, are among the most prestigious awards in the industry because they recognize the absolute best 100 hardware and 100 software products out of the thousands that ship each year, Windows officials said. According to Windows, all awards are based on the publication's "grueling, unforgiving, real-world testing process."

"Now offered as a standard or optional component by more than 40 computer makers for new notebook and desktop PCs, SuperDisk technology has now become what it was designed to be -- the leading replacement for the 1.44 MB floppy drive in new PCs," said Ray Meifert, SuperDisk business director, Imation Corp. "The SuperDisk Parallel Port Drive, an external SuperDisk drive that works with almost any PC, gives users another option for adopting SuperDisk technology quickly and affordably. In an industry where quality, performance and innovation are so highly prized, it's rewarding to see that the Imation SuperDisk Drive emerged from Windows' rigorous Win100 testing with such impressive results."

Designed as the replacement for the 1.44 MB floppy drive, SuperDisk technology is the only available high-capacity diskette technology that also works with 1.44 MB and 720 KB diskettes - of which there are billions in the world today. Imation, a co-developer of the technology, markets the Imation SuperDisk Parallel Port Drive and the Imation SuperDisk Diskette. The Imation SuperDisk Parallel Port Drive is widely available via computer stores and catalogs at a manufacturer's suggested retail price of $149.99 (actual pricing may vary), and purchasers may redeem a $50 rebate from Imation (one per household).

More information about SuperDisk technology is available at superdisk.com.

CMP's Windows Magazine is an essential resource for more than 800,000 Windows technology buyers. Each month, readers turn to the publication for reliable advice on what products to buy and how best to integrate those products in business. The publication features high-level, authoritative, product-focused coverage, including news, reviews, features, how-to's and opinionated columns from industry veterans. Windows Magazine's Web site can be found at winmag.com.

Imation Corp. supplies a variety of products and services worldwide for the information and image management industry. Imation is a world-leading supplier of branded, removable media for data storage applications. Imation products are supported by a worldwide customer service organization. In 1997, the company generated revenues of $2.2 billion. Imation employs approximately 9,500 people and is based in Oakdale, Minn.

Additional information about Imation is available on the company's Web site at www.imation.com or by calling Imation toll-free at 1-888-466-3456.

CONTACT: Imation Corp.
Jason Thunstrom, (612) 704-3164
jsthunstrom@imation.com
or
Fleishman-Hillard, Inc.
Gary Hornseth, (612) 337-0354
hornsetg@fleishman.com



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