Crossroads Systems Announces OEM Agreement With IBM; Crossroads' Channel Emulator is Enabling Technology for Infoprint Manager for Windows.Business Editors and High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--March 28, 2000 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 ), the leading developer and manufacturer of Fibre Channel storage routers See data mover. and S/390(a) channel technology, today announced that it will supply 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) (a) with PCI-based interface cards under an 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 agreement with the company. IBM Printing Systems will market the PCI-based interface cards, which connect Microsoft(b) Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (b) and Windows(b) 2000 servers to channel-attached printers, as a Model 4159-001 channel card for use with Infoprint(a) Manager for Windows NT and Windows 2000. The emulation card is the first solution for Windows NT and Windows 2000 that enables production printing at speeds of more than 1,000 pages per minute -- significantly faster than the current optimal print speed on this platform. "Given its design and performance, the Crossroads' product offers IBM the most function for the value," Dan Wann, Infoprint Manager for Windows NT/2000 product marketing manager, IBM Printing Systems. "Crossroads understanding of our technology enables us to continue to make sure that we offer the best possible solutions, even as our products continue to evolve." Infoprint Manager for Windows offers robust connectivity and management, providing centralized control 1. In air defense, the control mode whereby a higher echelon makes direct target assignments to fire units. 2. In joint air operations, placing within one commander the responsibility and authority for planning, directing, and coordinating a military operation or group/category of of workgroup and production printing. The software is designed for small and medium-sized businesses, as well as large enterprises. It manages heterogeneous printers with varying speeds -- from three pages per minute up to more than 1,000 pages per minute -- and supports the output from both PC-based network applications, as well as IBM AS/400(a) and S/390 environments. "Our channel emulation solutions enhance and renew investments in mainframe peripherals," said Peter LaPorte, director of marketing, Crossroads Systems. "Infoprint customers will benefit from the performance and flexibility IBM can deliver through this alliance with Crossroads." The parallel channel card for Infoprint Manager for Windows NT and 2000 became available March 24th. About Crossroads Systems Inc. Headquartered in Austin, Texas, Crossroads Systems (Nasdaq:CRDS), is the leading provider of enterprise data center routing solutions for open system Storage Area Networks including S/390 connections. Crossroads' solutions enable key Internet, Intranet and e-commerce applications. By using Crossroads, customers can more effectively and efficiently store, manage and ensure the integrity and availability of data in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . With more than 3,000 verified and interoperable configurations, Crossroads' products simplify the design, installation and operation of Fibre Channel SANs. Industry- leading OEMs such as ADIC, ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up , Bull, Compaq, Dell, Exabyte, Hewlett-Packard, Hitachi Data Systems See HDS. , IBM, McDATA, Fujitsu-Siemens and StorageTek as well as top resellers and distributors including Acal Electronics, Bell Microproducts, Cranel, Datalink, ITIS ITIS Integrated Taxonomic Information System ITIS International Trade Institute of Singapore ITIS Integrated Transport Information System ITIS International Tourism Institute ITIS International Trade Information Service ITIS Information Technology Insurance Specialists Services, nStor, Pinacor, Polaris Services and Vangard Technology have partnered with Crossroads to provide these solutions to their customers. For more information about Crossroads Systems, its products or employment opportunities, please call 800/643-7148 or visit www.crossroads.com. 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: Crossroads' limited operating history which makes it difficult 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 dependence of Crossroads' business on the storage area network market which is new and unpredictable; Crossroads' ability to develop new and enhanced products that achieve market acceptance; the continuation of Crossroads' successful relationships with its limited number of OEM customers; Crossroads' ability to retain and recruit key personnel to manage its business successfully; the quarterly fluctuations of Crossroads' operating results; Crossroads' ability to integrate or 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. More information on IBM Printing Systems can be found at www.ibm.com/printers. (a) AS/400, S/390 and Infoprint are Trademark or registered trademark of IBM. (b) Other company, products and service names may be trademarks and servicemarks of their respective organizations. |
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