SPDE Speedus Corp (CE)

DDC Targeting Data Center Energy Crises with Solid State Storage and Data Acceleration to Lower Electricity Use WASHINGTON, June 3 /PRNewswire/ -- Density Dynamics Corp. (DDC), recently formed by Speedus Corp. (NASDAQ:SPDE), has acquired the environmentally friendly technology pioneered by TiGi Corp. for high efficiency solid-state storage. The DDC product line responds to the energy use problems identified by IBM as it updated its plans to combat the growing Data Center Energy Crises with Project Big Green (http://www-03.ibm.com/press/us/en/pressrelease/24244.wss). The new technology platform delivers cutting edge solid-state storage combined with a proprietary power management system that significantly lowers power use when compared with traditional spinning memory. DDC products are currently under evaluation by several large U.S. corporations for their server networks. The technology significantly improves the performance of legacy server networks and sharply reduces power consumption in data centers and server "farms." DDC will be marketing the initial line of products as well as continuing development of the technology. "Our initial product, the Rocket, will be the first product in our Green Turbo (GT) line. GT products will build upon the Rocket to enhance performance and reduce electricity costs in large server networks economically and quickly. Using GT products can dramatically speed operations, while reducing equipment footprint, heat generation and electric power use," said Kevin Gonor, formerly Vice President of Sales for Flextronics International and now President of DDC. Gonor added, "The new company's slogan is Think Fast. Think Green. Think DDC." Speedus, the controlling shareholder of DDC, was joined by CrossHill Georgetown Capital in providing the capitalization for DDC. About Density Dynamics. Density Dynamics Corp., located in Washington, DC, 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 About CrossHill Georgetown Capital. CrossHill Georgetown Capital, L.P. is an investment fund managed by the principals of CrossHill Financial Group. 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 Corp. CONTACT: Peter Hodge of Speedus Corp. for Density Dynamics, 1-888-773-3669 ext. 23, Web site: http://www.densitydynamics.com/ http://www.speedus.com/ http://www-03.ibm.com/press/us/en/pressrelease/24244.wss

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