Adaptec Licenses Crossroads Access Controls Patent for RAID; Adaptec, Crossroads to Deliver Access Controls Vital to SANs Storage Systems.Business Editors & High-Tech Writers AUSTIN, Texas & MILPITAS, Calif.--(BUSINESS WIRE)--April 29, 2002 Crossroads Systems Inc. (Nasdaq:CRDS CRDS Contribution pour Le Remboursement de la Dette Sociale (French: Social Debt Repayment Contribution) CRDS Cavity Ring-Down Spectroscopy CRDS Community Rehabilitation and Disability Studies ), a leading global provider for network storage solutions, and Adaptec Inc. (Nasdaq:ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ), the global leader in data storage access solutions, today announced it has licensed a Crossroads patent that provides storage security and access controls for Fibre Channel hosts to Fibre-to-SCSI storage devices. The Crossroads '972 patent will allow Adaptec to create dynamic, flexible storage maps between servers and storage resources to reduce the complexities of a multi-user SAN environment. Adaptec will add the Crossroads technology to RAID controllers that ship with its DuraStor(tm) 7220SS, a Fibre Channel-to-SCSI storage subsystem The part of a computer system that provides the storage. It includes the controller and disk drives. See storage system. . The technology will enable Adaptec's RAID cards to protect data in shared storage from unauthorized access and overwrites by multiple hosts. "Security and access controls are key additions to Adaptec's RAID controllers as we bring robust external storage subsystems to small enterprises, a market where SAN penetration is expected to grow from 14 to 31 percent in the next two years(a)," said Robert Cox Robert Cox may refer to several different people or things:
"Crossroads is pleased to have Adaptec, an established pioneer in the storage industry, recognize the importance of the '972 patent," said Rich Lautzenheiser, vice president of marketing and business development, Crossroads Systems. "We believe access controls are essential to any provider who requires real security in their SAN environment. Now with Crossroads' patented storage networking technology, Adaptec has the ability to address their rapidly expanding business-critical data protection opportunities." About Adaptec Adaptec Inc. (Nasdaq:ADPT) provides intelligent, highly available storage access solutions that reliably move, manage and protect critical data and digital content. Adaptec's storage solutions are found in high-performance networks, servers, workstations and desktops from the world's leading manufacturers, and are sold through OEMs and distribution channels to ISPs, enterprises, medium and small businesses and consumers. Adaptec is an S&P 600 SmallCap index member. More information is available at www.adaptec.com. About Crossroads Systems Inc. With headquarters in Austin, Texas, Crossroads Systems (Nasdaq:CRDS) is a leading global provider for storage networking solutions. Crossroads' products are in solutions from leading companies such as Compaq, Fujitsu-Siemens, Hewlett-Packard and StorageTek, and are distributed through partners such as ARROW, Datalink and Tidal Wire. Crossroads is a voting member of the Storage Networking Industry Association An association of producers and consumers of storage networking products, whose goal is to further storage networking technology and applications. The Storage Networking Industry Association, or SNIA (SNIA (Storage Networking Industry Association, San Francisco, CA, www.snia.org) An organization devoted to the advancement of mission critical storage systems. Founded in 1997, its goal is to determine the standards that must be developed to allow hosts and storage systems to interact via ). For more information about Crossroads Systems, please visit www.crossroads.com or call 800/643-7148. (a) SANS for the Masses: Penetrating Smaller Enterprises -- Computing Technology Industry Association and RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
2002 Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: the quarterly fluctuations of Crossroads' operating results and Crossroads' inability to accurately predict revenues and budget for expenses for future periods; the extent of Crossroads' future operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. and negative cash flow; the company's ability to maintain its operating margins; the impact on Crossroads' results or operations due to changes in the Securities and Exchange Commission's accounting standards, including the implementation of SAB 101 with respect to revenue recognition; the dependence of Crossroads' business on the storage area network market which is evolving and unpredictable; the possibility that the pending shareholder class action lawsuits class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax could result in an adverse outcome to the company; Crossroads' ability to develop new and enhanced products that achieve market acceptance; the effect of competition; the effect of undetected software or hardware errors, which may affect the company's results or reduce demand for Crossroads' products in the long term; Crossroads' inability to protect its intellectual property rights, including any adverse outcome in the company's pending patent litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with certain of its competitors; the continuation of Crossroads' successful relationships with its limited number of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers, including its ability to replace revenue from Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. ; Crossroads' ability to retain and recruit key personnel to manage its business successfully; Crossroads' ability to successfully achieve the benefits of the acquisition of Polaris Communications and any subsequent acquisition or strategic relationship; and that Crossroads' stock price could be volatile regardless of Crossroads' actual financial performance and other factors detailed in Crossroads' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on 10-Q. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion