ADIC Opens New, Expanded Denver Facility; Manufacturing, R&D Space Doubles to Match Increased Demand.Business Editors REDMOND Redmond, city (1990 pop. 35,800), King co., W Wash., a suburb of Seattle, on Lake Sammamish; inc. 1912. Its economy centers around computer software (Microsoft Corp. , Wash.--(BUSINESS WIRE)--Jan. 29, 2002 Advanced Digital Information Corporation (Nasdaq:ADIC), a leading supplier of open system storage and data protection solutions with headquarters in Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391. , announced today that the company has taken occupancy of a new 148,000 square-foot building that nearly doubles the size of its Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. , Colorado facilities. The new building provides added space for manufacturing, research and development, test and systems engineering labs, technical support, and training activities, enabling the company to respond to growing demand for its enterprise-class storage hardware and software products. "ADIC has continued to see increased demand for our products despite the downturns in the general economy and in overall IT expenditures," said Chairman and Chief Executive Officer Peter van Oppen. "Our fiscal 2001 results show an overall revenue increase of 26% over 2000, and at year end we continued to show profitability and both sequential and year-over-year growth. "The results illustrate the rapid, continued expansion of digital information, the critical importance of keeping that data protected, and the value placed on innovative, intelligent storage solutions. The Denver site is the center for our enterprise-class Scalar scalar, quantity or number possessing only sign and magnitude, e.g., the real numbers (see number), in contrast to vectors and tensors; scalars obey the rules of elementary algebra. Many physical quantities have scalar values, e.g. libraries, including our new Scalar 10K storage networking library, and it houses a major portion of our storage management software development." About ADIC Advanced Digital Information Corporation (Nasdaq: ADIC) is a leading storage solutions provider to the open systems marketplace, offering a broad range of Intelligent Storage(TM) products designed to enhance organizations' abilities to store, protect, manage and use their rapidly growing network data. ADIC products include automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. storage systems, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. storage management software, and multiple-protocol storage networking (SAN/NAS) connectivity and management tools. ADIC storage products are available through a worldwide sales force and a global network of resellers and OEMs, including Dell, Fujitsu-Siemens and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Further information about ADIC is available at www.adic.com. ADIC and Scalar are registered trademarks and Intelligent Storage is a trademark of Advanced Digital Information Corporation. All other trade or service marks mentioned in this release should be considered the property of their respective owners. |
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