Crossroads Announces Agreement With EMC for Server Connectivity to Networked Storage.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Oct. 20, 2003 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 storage networking solutions, today announced it is shipping product under an agreement with EMC Corporation EMC Corporation (NYSE: EMC) is an American Fortune 500 and S&P 500 manufacturer of software and systems for information management and storage. It is headquartered in Hopkinton, Massachusetts, USA. . With this agreement, Crossroads becomes a qualified solutions provider for embedded Fibre Channel connectivity of iSeries servers into external EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. storage arrays, including EMC Symmetrix The Symmetrix is EMC's flagship enterprise storage array. There have been seven generations of Symmetrix hardware, with the first appearing in 1994 and the latest introduced in 2006. (R) and Symmetrix DMX See DMX512. (tm) systems. "We are excited about the growth opportunities created for Crossroads through our relationship with EMC based on ServerAttach technology," said Rob Sims Rob Sims (b. December 6, 1983) is an American football offensive guard, who currently plays for the National Football League's Seattle Seahawks. He was drafted in round four, pick 128 of the 2006 NFL Draft. , Crossroads president and chief executive officer. "EMC's selection of Crossroads is a compelling validation of both the technology and value proposition of our product family." The Crossroads solution will be supplied to EMC customers with iSeries servers, enabling these servers to take advantage of the performance, availability and scalable capacity of EMC's Symmetrix and Symmetrix DMX storage systems. By empowering EMC customers with the ability to utilize networked storage with their current iSeries investments, the EMC offering serves to extend the useful life of iSeries systems and their hosted business applications -- while further providing a simple, reliable and cost-effective solution for the protection and availability of mission critical data. Availability This new offering for iSeries connectivity is available immediately through EMC and its third-party distributors Third-Party Distributor The name given to institutions that sell or distribute mutual funds to investors for fund management companies without direct relation to the fund itself. and channel partners. About Crossroads Systems Inc. With headquarters in Austin, Texas, Crossroads Systems (Nasdaq:CRDS) is a leading global provider of data routing solutions for Storage Area Networks (SANs). Crossroads solutions serve the growing storage connectivity and data storage markets, and are designed to help companies store, manage and ensure the integrity and availability of their data. Crossroads' products are in solutions from companies such as Fujitsu-Siemens, Hewlett-Packard (including Compaq) and StorageTek, and are distributed through partners such as ACAL ACAL Asociación de Archiveros de Castilla Y León (Castille and Leon, Spain) ACAL Academia de Ciencias de América Latina (Spanish: Academy of Sciences of Latin America, Venezuela) , ARROW and TidalWire. 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. Forward-Looking Statements This release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Crossroads are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Crossroads, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the acceptance by our existing customers of the new ServerAttach family of products; the deteriorating economic environment, including, in particular, related expense reductions by organizations affecting their IT spending and budget which could impact sales of the ServerAttach family of products; the effect of competition; the effect of undetected software or hardware errors, which may affect the company's results or reduce demand for Crossroads' ServerAttach family of products in the long term; Crossroads' inability to protect its intellectual property rights, as well as, 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. Crossroads expressly disclaims any obligation to release publicly any updates or revisions to the information contained in this press release or with respect to any future distribution of its stock by investors, or to update or revise any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. |
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