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Technology Stocks : Crossroads - CRDS -- Ignore unavailable to you. Want to Upgrade?

To: BostonView who wrote (133)	5/23/2000 4:06:00 PM
From: straight life	Read Replies (2) \| Respond to of 164

(well; perhaps not "volumes")Crossroads' SAN Products selected By Unisys For Storage Network Solutions Unisys to Use Crossroads' Storage Routers for Seamless Data Access in Storage Networks AUSTIN, Texas--(BUSINESS WIRE)--May 23, 2000--Crossroads Systems Inc. (Nasdaq:CRDS - news), the leading developer and manufacturer of Fibre Channel storage routers, today announced an OEM relationship with Unisys Corporation. Unisys will use the Crossroads 4100 Fibre Channel storage router to provide seamless access to data in heterogeneous platforms and applications while preserving the customer's investment and data integrity. ``Working together, Crossroads and Unisys will offer customers the solutions they need to improve storage access and handle the demanding requirements of business-critical environments,'' said Rick Luttrall, director of product management for Crossroads Systems. ``The combination of Unisys' extensive knowledge of enterprise environments with the storage consolidation and LAN-Free Backup capabilities of Crossroads' storage routers will allow customers to meet the challenge of growing and managing storage.'' Unisys will use the Crossroads 4100 Fibre Channel storage router to provide SAN connectivity to Unisys installed base of mainframe systems. Unisys will also use Crossroads' storage routers to provide Fibre Channel connectivity to storage networks for their installed base of tape and library products. ``Because of Crossroads' high level of interoperability within SAN architectures, the 4100 storage router will play an important role in our storage solutions such as LAN-Free Tape Backup,'' said Jeff Bell, vice president and general manager, Unisys Storage Program Office. About Unisys Unisys is an electronic business solutions company whose 36,000 employees help customers in 100 countries apply information technology to seize opportunities and overcome challenges of the Internet economy. Unisys people integrate and deliver the solutions, services, platforms and network infrastructure required by business and government to transform their organizations for success in this new era. The company offers a rich portfolio of Unisys e-@ction Solutions for electronic business based on its expertise in vertical industry solutions, network services, outsourcing, systems integration and multivendor support, coupled with enterprise-class server and related technologies. The primary vertical markets Unisys serves worldwide include financial services, transportation, communications, publishing and commercial sectors, as well as the public sector, including federal government customers. Unisys is headquartered in Blue Bell, Pa., in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor. About Crossroads Systems Inc. Headquartered in Austin, Texas, Crossroads Systems (Nasdaq:CRDS - news) is the leading provider of enterprise data center routing solutions for open system Storage Area Networks including S/390 connections. Crossroads' solutions enable key Internet, Intranet and e-commerce applications. By using Crossroads, customers can more effectively and efficiently store, manage and ensure the integrity and availability of their data in the Internet economy. Crossroads' products are in solutions from ADIC, Compaq, Dell, Fujitsu-Siemens, Hewlett-Packard, Hitachi Data Systems, IBM, McDATA, StorageTek, Bell Micro, Cranel, Datalink and Tech Data. Employment opportunities of a lifetime and more information about Crossroads Systems are at www.crossroads.com or call 800/643-7148. This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are the dependence of the Company's business on the storage area network market which is new and unpredictable; the Company's ability to develop new and enhanced products that achieve market acceptance; the Company's ability to integrate or successfully achieve the benefits of the proposed acquisition of Polaris Communications and any subsequent acquisition or strategic relationship; and that the Company's stock price could be volatile regardless of the Company's actual financial performance and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K. -------------------------------------------------------------------------------- Contact: Springbok Technologies, Austin (for Crossroads Systems Inc.) Roe Thiessen, 512/615-1604 roe@springbok.com