SAN JOSE, Calif., Dec. 5, 2011 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that the OCZ Deneva 2 SSD Series has been qualified by Olive for integration into its award-winning O4HD and O6HD music servers. The Deneva 2 Series offers superior performance, energy efficiency, and low-noise operation, providing music enthusiasts with the ultimate listening experience without electronic noise and the added benefits of instantaneous access to their audio files.
"When it comes to the leading brands for HD music solutions, Olive stands out and has successfully redefined what music enthusiasts can expect from digital music by combining analog musicality with digital convenience," said Richard Singh, CSO at OCZ Technology Group. "We are thrilled that Olive has validated our Deneva 2 drives, and are now integrating them into their HD music servers where the benefits of our solid state technology help deliver a superior user experience by providing faster, more reliable storage with no moving parts."
"We are very excited to work together with OCZ Technology Group," stated Dr. Oliver Bergmann, co-founder and CEO of Olive. "OCZ has consistently led the SSD market with innovative technology and best-in-class performance. The Deneva 2 series offers the ideal storage upgrade for our HD music servers, combining superior music access performance, reliability and reduced electronic noise emission for the ultimate music listening experience."
Olive's HD music servers are designed to deliver the ultimate music enjoyment experience, with high-resolution Digital-Analog-Converters, low-noise power supplies, and innovative color touch-screen technology. When combined with a high performance OCZ Deneva 2 SSD, Olive's HD music server remains virtually silent to eliminate any further electronic noise. The low-latency of an SSD gives instantaneous access to music files without the lag time associated with traditional HDD storage, reducing wait times when navigating or managing your music library. The Olive HD music server acts as your personal music locker at home, making an SSD the most reliable choice to access and store an extensive music library.
Olive will offer both their O4HD and O6HD music servers with OCZ Deneva 2 SSD in either 240GB or 480GB capacities, capable of storing up to 1,500 albums in their original quality. For true music enthusiasts who want best-in-class audio performance and state-of-the-art storage, Deneva 2 SSDs offer incredible quality, instant access, and low-noise operation. The new Olive HD music servers with SSD technology are available in limited quantities directly from Olive. Olive products are also available worldwide through a network of authorized distributors.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions. For more information, please visit: www.ocztechnology.com.
About Olive Media Inc.
Based in San Francisco, Olive brings the ease and accessibility of digital music to your home stereo system, without sacrificing sound quality. Led by a team of music lovers, Olive makes the world's top rated HD Music Servers and Multi-Room Players that deliver a music experience without compromise. Engineered for High Definition audio Olive employs state-of-the-art 24-bit DAC designs and only the best in high-performance analog audio components. Adding a convenient touch-screen interface, a beautiful industrial design, and a compelling value has resulted in several hundred press awards since the launch of the first Olive music server in 2005. For more information, please visit www.olive.us.
Forward Looking Statements
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on Form 10-K filed with the SEC on May 17, 2011, and amended on May 31, 2011, and statements made in other subsequent filings. The filing is available both at www.sec.gov as well as via OCZ's website at www.ocztechnology.com. OCZ does not undertake to update its forward-looking statements.
CONTACT: Media Contact: Jessica Luken (408) 733-8400 firstname.lastname@example.org Investor Relations Contact: OCZ Technology Group, Inc. Bonnie Mott, Investor Relations Manager 408-440-3428 email@example.com