Cygnet Completes the Sale of its 12-inch Jukebox Business Concentrates on CD and DVD Jukebox Technology.Business Editors/High-Tech Writers MILPITAS, Calif.--(BUSINESS WIRE)--Jan. 28, 2000 Cygnet cygnet a young swan. Storage Solution of Milpitas, a privately-held company, announces the completion of the sale of its 12-inch WORM optical disc library Also called an "optical jukebox," it is an optical disk storage system that houses multiple disc platters. It is similar to a music jukebox, except that instead of "playing one tune," more than one drive can be used to read and write several discs simultaneously. manufacturing business to Plasmon IDE of Eden Prairie Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn. for the sum of $3.65 million. &uot;The 12-inch Write Once Optical Disc Library has catered especially well to niche applications that require long-term archiving of mission critical data that cannot be changed or altered. With the acceptance of CD and DVD formats, those applications can be reached at substantially lower prices and without a negative impact to performance or functionality,&uot; said Lennart Hjord, Cygnet's president. Cygnet, an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified manufacturer, has developed and promoted optical-based, automated jukebox storage products since the early 1980s. Cygnet continues its leadership position in providing CD and DVD jukebox storage products, ranging in capacity from 65 GB to over 2.0 TB and accessing 2 to 8 drives. With 2 decades of technical leadership, Cygnet continues to invest in the research and development of newer storage products including CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. , CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. as well as the emerging DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. , DVD-R (DVD-Recordable) A write-once (read only) DVD disc for both movies and data endorsed by the DVD Forum. DVD-Rs are often called "DVD Dash Rs" or "DVD Minus Rs" to distinguish them from the competing "Plus R" format (see DVD+R). and DVD-RAM A rewritable DVD disc endorsed by the DVD Forum. Using phase change technology, DVD-RAMs are like removable hard disks, and the media can be rewritten 100,000 times compared to 1,000 times for DVD-RW and DVD+RW. The first DVD-RAM drives with a capacity of 2.6GB (single sided) or 5. technologies. These leading-edge technologies are being incorporated as the standard storage component for computer and computer networks worldwide. Cygnet relies on its technical leadership as well as its ability to integrate and test all of the components required to bring state-of-the-art storage solutions to the market. Cygnet's robotic management system called InfiniDISC allows multiple drives to read from and write to hundreds of CDs and DVDs housed within the same enclosure. Automated handling of the media allows instant data retrieval and data storage on one or more discs while eliminating the need for human intervention. All components that are required to automate the disc handling process are integrated and fully tested by Cygnet's award-winning manufacturing facility. Due to InfiniDISC's modularity, Cygnet is able to customize the number of drive and discs integrated into the enclosure to meet the specific requirements for each customer's needs. Cygnet's InfiniDISC series of DVD/CD optical jukeboxes support a choice of industry-standard drive technologies including 40x CD-ROM, 8x CD-R, 5x DVD-ROM, or 2.6GB DVD-RAM drives. In addition to the drive technologies, Cygnet also provides the highest quality and economical pre-packaged CD-R and DVD-RAM media for use in Cygnet's Disc Storage Unit. With their unique approach, there is no need for a reseller or Information Technologist to second source drives, media, or jukebox management software. To complement InfiniDISC series of products, Cygnet also offers a suite of third party software from Smart Storage and Tracer Technologies. Other software products have been tested and a list of products is available. For those users who require the production of large quantities of CD-R duplicated and imprinted discs, Cygnet offers an integrated, high-resolution, color printer that can automatically imprint a full-color label on each CD-R disc. The InfiniDISC jukeboxes are offered with an on-site service contract as well as product warranty. InfiniDISC pricing starts at (US)$11,795.00 for a 250-disc and 2 CD-ROM drive configuration and is sold by authorized Cygnet Resellers. We welcome resellers, who are interested in becoming part of our Team, to contact us at sales@cygnet.com. We also encourage software vendors to find out more about our InfiniPartner Program by contacting us via partner@cygnet.com. About Cygnet Storage Solutions, Inc. Cygnet Storage Solutions, an ISO9001 certified manufacturer, is a provider of an increasingly wide array of CD/DVD storage and automated recording solutions. Cygnet, the first to have integrated DVD-RAM technology into its jukeboxes, has installed its InfiniDISK, InfiniDVD and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. 100 into key applications and has been instrumental in ushering DVD-RAM storage and archival solutions into the storage industry mainstream. Its diverse and popular product line includes CD and DVD jukeboxes, CD auto-loading duplicators, towers, network attached storage devices and network servers. Cygnet is headquartered in Milpitas. For more information about Cygnet, call +1 800-7CYGNET for North and South America, email us at info@cygnet.com or visit www.cygnet.com. For press contact, please email us at press@cygnet.com. Any statements released above that are forward looking are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect the Company's business and prospects, including economic, competitive, government, technological and other factors discussed in the Company's filings with the Securities and Exchange Commission. Note to Editors: All company and/or product names are trademarks and/or registered trademarks of their respective manufacturers. Features, pricing, availability and specifications are subject to change without notice. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion