Density Dynamics Receives Payment for SSD Initial Phase with Wachovia
September 01 2009 - 1:50PM
PR Newswire (US)
GERMANTOWN, Md., Sept. 1 /PRNewswire/ -- Density Dynamics, a
majority owned subsidiary of Speedus Corp. (NASDAQ:SPDE), announced
today it has received a 2nd payment from Wachovia Corporation
related to testing of its high performance DRAM based solid state
drives. The $50,000 payment brings the total received from Wachovia
to approximately $200,000. Discussions for implementation of
Density's next generation of RamFlash SSD devices are ongoing.
About Density Dynamics Density Dynamics, a majority owned
subsidiary of Speedus Corp., is a pioneer in the solid-state
storage and I/O acceleration technology. Its high performance
RamFlash solid-state storage and computing devices are designed to
reduce I/O bottlenecks while also reducing power, cooling, and rack
space requirements. Density Dynamics can be found on the web at
http://www.densitydynamics.com/. About Speedus Corp. Additional
information on Speedus Corp. may be obtained at
http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or . Statements contained herein that are
not historical facts, including but not limited to statements about
the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks
and uncertainties. There are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward-looking statements made by the Company,
including, but not limited to, the continuing development of the
Company's sales, marketing and support efforts. DATASOURCE: Density
Dynamics CONTACT: Peter Hodge, 1-888-773-3669 (ext. 23), Web Site:
http://www.densitydynamics.com/
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