SAN JOSE, Calif., Jan. 5, 2012 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, has signed a distribution agreement with Ingram Micro (UK), a Division of Ingram Micro Inc. (NYSE:IM), to increase the availability of OCZ's SSDs for business and enterprise clients.
A Fortune 100 company, Ingram Micro is the largest global wholesaler of technology products and supply chain management services and will greatly expand the OCZ presence in the UK market.
"Ingram Micro is a recognized leader in the region for the distribution of premium storage solutions, and we are pleased to partner with Ingram to make our client and enterprise solid state storage products more available to customers throughout the region," said Richard Singh, CSO of OCZ Technology Group. "Ingram Micro's clients can now take advantage of the complete range of OCZ's best-of-breed SSD solutions which are designed to push the envelope in performance, reliability, and total cost of ownership."
"With the solid state drive market in steep growth, it is important to us that our portfolio of available product is meeting the needs of our SMB and Enterprise customers," said Mike Farrah, Commercial Director at Ingram Micro. "OCZ has a powerful focused offering, and we are pleased to take this opportunity to bring the products to a wide audience with immediate availability."
Ingram Micro will be distributing OCZ's complete line of performance solid state drive solutions to its expansive customer base. Flash storage continues to revolutionize many aspects of computing and IT including performance, durability, and power efficiency for enterprise applications over traditional hard drives.
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.
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About Ingram Micro Inc.
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics technical and financial support, managed and cloud-based services, and product aggregation and distribution. The company is the only global broad-based IT distributor, serving more than 150 countries on six continents with the world's most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com or eu.ingrammicro.com
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, Director of Global Marketing (408) 733-8400 email@example.com Investor Relations Contact: OCZ Technology Group, Inc. Bonnie Mott, Senior Manager of Investor Relations 408-440-3428 firstname.lastname@example.org