Procom Signs Multi-Year Technology Agreement With Sun Microsystems
Irvine, CA (ots)
Procom Technology, Inc. (OTC: PRCM), value leader in enterprise-class network attached storage solutions, today announced it has signed a multi-year agreement with Sun Microsystems, Inc. (NASDAQ: SUNW) under which Sun may license certain Procom technologies. Additionally, Procom will also provide engineering and support services to Sun.
"Sun Microsystems is one of the true innovators in the IT industry, and their licensing decision validates the strength of our technology and our engineering team," said Alex Razmjoo, Procom's CEO. "Procom is committed to developing OEM partnerships, and few companies can match the industry reputation and global presence of Sun Microsystems."
About Procom Technology
Procom Technology has designed and produced innovative storage solutions since 1987 and is the value leader in enterprise-class network-attached storage appliances that deliver industry-leading performance, manageability, and high availability. This value leadership is based on a unique combination of innovative appliance software, industry-standard hardware platforms, and proven high-availability and mirroring software. Procom is headquartered in Irvine, Calif. More information is available on the Web at www.procom.com or via e-mail at firstname.lastname@example.org.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, comments regarding the Company's efforts to develop competitive network attached storage products and to increase its sales of network attached storage products. Future results could be affected materially as a result of important factors, including, without limitation, adverse economic conditions and weak corporate information technology expenditures, competitive product introductions, price competition, the failure of any significant customer, any failure or delay in the Company's ability to develop and introduce new products and enhancements to existing products, any unfavorable change in the relationship with channel partners and other resellers of the Company's products, any decrease in the growth of the market for network attached storage, foreign currency fluctuations, and other factors setforth in the Company's Annual Reports on Form 10-K for the 2001 and 2002 fiscal years, and in the Company's other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publish revised forward-looking statements to reflect the occurrence of unanticipated events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are urged to carefully review and consider the various disclosures made by the Company to advise interested parties of certain risks and other factors that may affect the Company's business and operating results, including the disclosures made in the Company's Annual Reports on Form 10-K for the 2001 and 2002 fiscal years and in other filings by the Company with the Securities and Exchange Commission.
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