Overland Storage to Sell REO 1000 Through Insight
July 26 2004 - 8:30AM
PR Newswire (US)
Overland Storage to Sell REO 1000 Through Insight Industry's First
Disk-Based Alternative to Tape Autoloaders Provides Affordable
Backup and Recovery for Small and Medium Businesses SAN DIEGO, July
26 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (NASDAQ:OVRL),
the leading provider of backup and recovery solutions, today
announced that Insight Direct, USA, a premier single source
provider of IT products and services, has added the Overland
Storage REO(TM) 1000 to its product line. The REO 1000, featuring
iSCSI connectivity, is the first disk-based alternative to
entry-level tape autoloaders. "The need for affordable disk-based
backup and recovery is growing, and it's no surprise that sales of
the REO 1000 have already begun," said Gary Woods, vice president
of product management, Insight. "The REO 1000 combines the benefits
of a disk-based solution with the affordability of a tape
autoloader, making it the ideal choice for our budget-sensitive
customers." "Insight and Overland are proud to continue their
strategic partnership with this latest innovative disk-based backup
product specially designed for the small- to medium-sized business
market," said Christopher Calisi, president and CEO, Overland
Storage. "REO 1000 enables Overland to continue to provide
affordable, effective and reliable data protection solutions to
customers of all sizes that need to ensure and protect their
businesses." The newest addition to the rapidly growing REO family,
the REO 1000 accelerates the backup process and provides high-speed
file restores using iSCSI to deliver more cost-effective data
protection than entry-level tape autoloaders. Customer sales of the
REO 1000 have begun, as small- and medium-sized businesses need an
affordable, easy-to-use data protection solution that automates the
backup and recovery process and reduces the risk of business
interruptions. The REO family was one of the first products
offering true iSCSI connectivity, which uses familiar and
inexpensive Ethernet technology and components to deliver high
speed and high performance at a fraction of the cost of Fibre
Channel implementations. Simple, effective and easy to manage,
iSCSI transports low latency SCSI blocks across IP networks. REO
1000 Features and Benefits * 1TB native (2TB compressed) of data
storage capacity provides unattended backup for small- and
medium-sized business applications. * LTO-2 tape drive emulation
capabilities mean easy integration into existing storage
environments. * 1u form factor enables more efficient use of costly
data center space. * Gigabit Ethernet (iSCSI) connectivity provides
low-cost networking. * RAID data protection capabilities offer
redundant data protection. * Virtualized storage targets allow
users to customize the backup structure to meet their needs. *
Widespread operating system and third-party software application
support enables easy integration, including Windows, Solaris,
BackupExec, ARCserve and more. Pricing and Availability The
Overland Storage REO 1000 disk-based backup and recovery appliance
is now available through Insight and other direct marketers and
distributors. For information please visit http://www.insight.com/.
About Overland Storage For more than 20 years, Overland Storage has
delivered world-class data protection solutions designed to ensure
business continuity. Focused on backup and recovery, Overland's
data protection solutions are designed for entry-level and midrange
computing environments. These include the REO family of disk-based
backup and recovery appliances and the award-winning NEO series of
tape libraries. Overland sells its products worldwide through
leading OEMs, commercial distributors, storage integrators and
value-added resellers. For more information, visit Overland's
website at http://www.overlandstorage.com/. Except for the factual
statements made herein, the information contained in this news
release consists of forward-looking statements that involve risks,
uncertainties and assumptions that are difficult to predict. Words
and expressions reflecting optimism and satisfaction with current
prospects, as well as words such as "believe," "intends,"
"expects," "plans," "anticipates" and variations thereof, identify
forward-looking statements, but their absence does not mean that a
statement is not forward looking. Such forward-looking statements
are not guarantees of performance and the company's actual results
could differ materially from those contained in such statements.
Factors that could cause or contribute to such differences include
difficulty of predicting sales to the company's major OEM customer,
technology spending levels, unexpected shortages of critical
components, rescheduling or cancellation of customer orders, loss
of a major customer, the timing and market acceptance of new
product introductions by the company, including the launch of the
company's new REO products, its competitors or its licensees, the
timing and amount of licensing royalties, general competition and
price pressures in the marketplace, the company's ability to
control costs and expenses and economic conditions. Reference is
also made to other factors set forth in the company's filings with
the Securities and Exchange Commission, including the "Risk
Factors," "Management's Discussion and Analysis" and other sections
of the company's Form 10-K for the most recently completed fiscal
year. These forward-looking statements speak only as of the date of
this release and the company undertakes no obligation to publicly
update any forward-looking statements to reflect new information,
events or circumstances after the date of this release. All
trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies. DATASOURCE: Overland Storage,
Inc. CONTACT: investor relations, Cynthia A. Bond, Director of
Corporate Communications, +1-858-571-5555, , or media inquiries,
Melinda Hutcheon, PR Manager, +1-858-495-4187, , both of Overland
Storage; or Chris Walker of Brodeur Worldwide, +1-602-808-1170, ,
for Overland Storage Web site: http://www.insight.com/ Web site:
http://www.overlandstorage.com/
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