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To: GuinnessGuy who wrote (18038)	9/14/1998 11:31:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 29386

Chaparral Technologies Inc. Announces Plans to Acquire Adaptec's External Storage Systems Division LONGMONT, Colo.--(BUSINESS WIRE)--Sept. 14, 1998-- Chaparral Will Develop, Manufacture RAID Controllers and Storage Routers for Enterprise Network Storage, Storage Area Networks Today, Chaparral announced it has signed a letter of intent to acquire Adaptec's External Storage Systems Division. The combined company will operate under the Chaparral Technologies Inc. name, with corporate headquarters and operations in Longmont. Adaptec retains an equity position in the combined entity. About the Company Chaparral founders G. L. Allison (Chairman & CEO), Michael J. Gluck (President & COO), and Jerry L. Walker (VP of Engineering & Operations) have integrated Chaparral and ESS to ensure a complementary mix of very talented people, technologies and markets to meet the current and future demands of enterprise network storage. The industry continues to demand high-performance, cost-effective, scalable technology, and Chaparral was created to provide leading-edge solutions. Additionally, the company expects to achieve tremendous economies of scale from their advanced systems development and production agreements with Adaptec. The combined products and resources of the company will bring long-term value to the industry as the advances of storage area networks (SANs) are realized through integrated, intelligent subsystems. Tom Marmen, Adaptec vice president and general manager: "Adaptec is pleased with the new alliance between ESS and Chaparral and the possibilities it creates for external network storage. The combined resources of ESS and Chaparral advance the efforts and technologies already developed to bring to market products and solutions that are superior in performance, reliability and cost. Chaparral's established relationship with Adaptec ensures a positive, seamless transition and exciting opportunities for customers." About the Products -- Fibre Channel and SCSI The ESS family of external RAID controllers is designed for industry-leading performance and complete data protection for the midrange to high-end storage markets. The product family includes SCSI and Fibre Channel offerings, all with advanced configuration and management interfaces, as well as high availability features such as automated fail-over, parity protected memory and hot-swappable components. Chaparral's family of Storage Routers target the mid-range to high-end NT and UNIX users incorporating Fibre Channel and SCSI technologies to build clustering, remote vaulting, data migration and enterprise backup applications. The Chaparral family of products meets users' needs for high performance and fault tolerance and provides seamless connectivity across disk, tape and optical systems. Michael Peterson, president of Strategic Research, a network storage and storage management focused market research firm based in Santa Barbara, Calif., said, "The external storage and SAN markets are uniquely coupled and growing rapidly. The integration of these two groups enables Chaparral to accelerate the development of critical SAN technologies such as server-less backup, disaster tolerance, and data sharing. About Chaparral Chaparral and the newly combined ESS group are headquartered in Longmont and provide external RAID and Fibre Channel storage products and solutions to OEM and distribution customers. Chaparral is privately held and has a strategic relationship with Adaptec, including equity participation. News and information are available at www.chaparraltec.com. About Adaptec Adaptec provides bandwidth management technologies for organizations building the global information infrastructure. Its high performance I/O, connectivity, and network products are incorporated into the systems and products of major computer and peripheral manufacturers. Founded in 1981 and headquartered in Milpitas, Calif., Adaptec (NASDAQ:ADPT) employs 3,500 people worldwide in design, manufacturing, sales, service and distribution. Adaptec's home page is www.adaptec.com. Requests for information and systems can be directed to Stacy Kamigaki, 303-684-3200, or via email at skamigaki@chaparraltec.com CONTACT: Chaparral Technologies Inc. Stacy Kamigaki, 303/684-3200 Skamigaki@chaparraltec.com To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News.