Crossroads Delivers Next Generation Connectivity For HP Tape Library Families.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--July 22, 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 delivery of its next-generation Fibre Channel connectivity options for HP's enterprise and mid-range tape libraries. The Crossroads embedded storage routers feature increased performance throughput, added support for 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. Ultra160, and twice the port density for enterprise-class solutions. "With this latest generation of connectivity for our ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. and MSL See multiple single-level. tape library families, our customers benefit from improved scalability and utilization of the newest tape drive technologies, including second generation LTO (Linear Tape Open) A family of open magnetic tape standards developed by HP, IBM and Quantum (formerly the Certance subsidiary of Seagate) that are licensed to third-party vendors. LTO cartridges contain a memory that stores historical usage data. tape drives," said Bob Wilson, vice president and general manager, Nearline Storage Division, HP Network Storage Solutions. "These products provide customers with the high performance and advanced technology features needed for the latest tape backup and restore solutions," said Rob Sims, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Crossroads Systems. For external connectivity of tape libraries, Crossroads also supplies both the HP StorageWorks Network Storage Router M2402 for enterprise Fibre Channel solutions and the N1200 for mid-range solutions. Crossroads Storage Routers Crossroads market-leading storage routers connect SCSI devices into Fibre Channel architectures, including Storage Area Networks, enabling customers to consolidate existing and new infrastructure investments for an improved return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). . Crossroads storage routers enable tape libraries with LAN-free backup/restore capabilities, adding valuable support for disaster recovery and business continuity solutions. 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, HP 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, Tech Data, TidalWire and XIOtech. 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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