Storage Computer Enters Cross Licensing Agreement Galactic Computing Deal Valued at $2 Million.NASHUA, N.H. -- Storage Computer Corporation (AMEX AMEX See: American Stock Exchange :SOS SOS, code letters of the international distress signal. The signal is expressed in International Morse code as … — — — … (three dots, three dashes, three dots). ), (www.storage.com), a provider of high-performance storage and data delivery software systems, today announced that it has signed a source code license and cross license agreement for the CyberVSA Storage Operating System with Galactic Computing of Shenzhen China, a subsidiary of Shell Electric Mfg (Holdings) Ltd. Under the agreement, Galactic will embed Storage Computer's intellectual property and software into its world leading Supercomputing Blade Systems. Galactic will also provide research and development resources for Storage Computer's next generation CyberVSA storage management products. Dr. Steve Chen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Galactic stated "Embedding Storage Computer's advanced virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. and replication engines into our systems will create seamless computing and new advanced storage virtualization that will accelerate overall performance and provide continuous computing as a powerful supercomputing blade platform for information utility service grids in both scientific and commercial applications, and a distinct competitive advantage for Galactic. CyberVSA also has a broad set of features and management tools to compliment, enhance, and tightly integrate with our EngineOS as a single system management layer for supercomputing blades systems". Sean Murphy, VP of Product Development at Storage Computer commented "This agreement provides the engineering resources to move rapidly along our VSA VSA (in New Zealand) Voluntary Service Abroad road map with the next product to be completed in the April '05 timeframe, and the existing map finished by the end of the year. I believe these products have the potential to be definitive in the Virtualization, SAN and IP SAN market spaces." "We are rapidly developing market momentum with product evaluations at major prospect sites. This agreement enhances our ability to deliver next generation storage management products that give our 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 , integrator, and VAR customers first to market and best of breed advantages to their storage solution sales." said Ted Goodlander, CEO of Storage Computer. About Galactic Computing (Shenzhen) Limited Galactic Computing (Shenzhen) Limited specializes in research, design, manufacture, sales and marketing for a new generation of supercomputing blade system. A recent Galactic supercomputing blade system installed at a Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Supercomputing Research Center at Beijing, China exceeded one trillion floating-point operations per second (Teraflops) performance placing it among the Top 500 supercomputers in the world. The company is a subsidiary of Shell Electric Mfg. (Holdings) Co. Ltd. Listed on the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. . http://www.smc.com.hk. Galactic's research and development center is located in Shenzhen, China. http://www.galacticcomputing.com. About Dr. Steve Chen Steve Chen CEO, Vice Chairman, and Founder of Galactic Computing is a widely recognized scientist and supercomputer architect. His prior works include Chief Architect of Cray Research's most successful parallel supercomputers Cray XMP (X/Open Management Protocol) A high-level network management protocol governed by X/Open. Network management software written to the XMP interface is shielded from the details of the underlying SNMP or CMIP protocols. and YMP YMP Yucca Mountain Project YMP Yhteisen Maatalouspolitiikan (Finnish: Common Agricultural Policy / European Commission, aka: CAP) YMP Young Master Program YMP Yahoo Mail Plus , and his own start up, Supercomputer Systems Inc. Dr. Chen is a member of U.S. National Academy of Engineering and American Academy of Arts and Sciences, and has served on Storage Computer's Board of Directors since 1996. Additional information about Dr. Chen can be found in recent articles in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times http://www.nytimes.com, in Newsweek magazine, and at http://www.cs.uiuc.edu/news/alumni/fa98/chen.html About Storage Computer Corporation Storage Computer Corporation (AMEX:SOS): Pioneers in RAID technology, Storage Computer Corporation is a provider of high performance storage software solutions focused on developing advanced storage architectures within the SAN, NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular , DAS, and iSCSI markets to address the needs of high-bandwidth and other "performance-impaired" applications. Storage Computer's technology supports a variety of applications including High Performance Compute Clusters, advanced database activities, wide area networked storage and sophisticated business continuity topologies. http://www.storage.com. Forward-Looking Statements. This press release contains forward-looking statements to future events or future financial performance that involves risks and uncertainties. The forward-looking statements in this press release address a variety of subjects, including without limitation, future business prospects and products. These statements 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 Section 21E of the Securities Exchange Act of 1934. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those uncertainties and risk factors detailed from time to time in reports filed by Storage Computer Corporation with the Securities and Exchange Commission, including our most recent reports on Form 10-K and 10-Q. |
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