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BiTMICRO Allies with Wells Fargo Financial Leasing to Create Innovative Leasing Options for E-Disk Solid-State Storage Solutions.


FREMONT, Calif. -- BiTMICRO(R) Networks, a pioneer in intelligent flash IDE/ATA IDE/ATA Integrated Device Electronics/Advanced Technology Attachment (hard drive interface standard) , SCSI SCSI
 in full Small Computer System Interface

Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB.
, USB USB
 in full Universal Serial Bus

Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer.
, VME (Virtual Machine Environment) An operating system from Fujitsu Services (formerly ICL) that runs on its Series 39 mainframes. Introduced in 1975, VME is a comprehensive product that provides a variety of utilities for datacenter operations. , PMC (1) See Portable Media Center.

(2) (PCI Mezzanine Card) A PCI-based mezzanine card that is widely adapted to VMEbus, CompactPCI and PCI cards.
, CompactPCI, FireWire, Ethernet, and Fibre Channel solid state storage solutions, and Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 Financial Leasing, Inc., a subsidiary of Wells Fargo & Company, jointly announce the launch of the BiTMICRO Lease Program.

Available to US-based companies, the BiTMICRO Lease Program offers leasing as a financing option for business enterprises who want to take advantage of BiTMICRO's industry-leading E-Disk(R) solid state disk, network storage and file cache solid state storage solutions. Leasing offers several benefits, such as:

--Fixed payments - Your customer can avoid the uncertainty of variable (floating) interest rates typical of bank financing.

--Tax benefits - Leasing may offer a variety of tax benefits (consult your tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in  for complete details).

--Preserve credit lines - Borrowing from a bank shrinks credit lines. Leasing ensures that credit lines remain free for profitable expansion in other areas.

"We are glad to be working with BiTMICRO(R) Networks in conceptualizing and implementing the BiTMICRO Lease Program," says Wells Fargo Financial District Sales Manager Craig Creamer. "With more than 25 years of experience in the financial services industry, our company is committed to providing a wide range of leasing options enabling the industrial and enterprise sectors to upgrade to a state-of-the-art storage system without disrupting their budgets," Creamer adds.

"The BiTMICRO Lease Program is expected to speed up the adoption of E-Disk(R) solid state flash disk as an industry-standard solid-state storage solution for enterprise and industrial applications," states Jake Pasion, Director of Sales of BiTMICRO(R) Networks. "Small- and medium-sized enterprises can now avail of the latest in non-volatile solid-state storage technology, while large companies can scale up their storage networks to meet rapidly expanding data storage requirements," Pasion adds.

For more information about the BiTMICRO Lease Program, visit http://www.bitmicro.com/services_lease.php.

For E-Disk(R) technology information, pricing and availability, call 510-74E-DISK/510-743-3475, e-mail sales@bitmicro.com or visit http://www.bitmicro.com.

About BiTMICRO Networks

BiTMICRO(R) Networks (http://www.bitmicro.com), a privately held California corporation, is the leading provider of rugged and high performance non-volatile solid state disk, flash disk drive, and network storage and management solutions. E-Disk(R) storage solutions are offered with SCSI, IDE / ATA (1) (AT Attachment) The specification for IDE drives. See IDE.

(2) See analog telephone adapter.

ATA - Advanced Technology Attachment
, Fibre Channel, USB, FireWire, Compact PCI (1) (Payment Card Industry) See PCI DSS.

(2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus).
, VME, PMC and Ethernet interfaces in 2.5-inch and 3.5-inch hard disk drive footprints, single-wide PMC, 3U and 6U board, and 19-inch rack mount configurations scalable up to several terabytes of pure solid state storage.

Ace-Disk(TM), E-Disk(R), BiTMICRO Networks(R) and BiTMICRO(R) are trademark or registered trademarks of BiTMICRO Networks, Inc. Other names are trademarks or registered trademarks of their respective companies.

High-resolution photo images of BiTMICRO's product line are available at http://www.bitmicro.com/press_image_library.php.

About Wells Fargo Financial Leasing

Since 1977, Wells Fargo Financial Leasing has gained experience in the financial services industry. They specialize in offering competitive lease financing programs, products and services that enable manufacturers, distributors and retailers to offer their business customers financing for equipment, services and supplies.

Wells Fargo Financial is a subsidiary of Wells Fargo & Company of San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation).

The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 
, a diversified financial services company with more than $397 billion in assets.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 1, 2004
Words:538
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