Storage Computer establishes subsidiary in France.NASHUA, N.H.--(BUSINESS WIRE)--Dec. 4, 1995--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). ), the leading provider of high-performance storage systms and solid state disks, announced today that it has formed a wholly-owned subsidiary in France, known as Storage Computer France. The new subsidiary is the result of a joint venture agreement with Open Storage Solutions of Paris, France. Open Storage Solutions was founded in early 1995 by Franck Borens, a 25-year veteran of the storage industry. The company is well known for its extensive industry contacts, customer relationships, and high degree of technical and systems integration expertise. Borens has more than 20 years of experience in a variety of senior sales and marketing positions at Storage Technology Corporation. During his last eight years at that company, he was National Sales and Marketing Manager for Storage Technology France. As part of the agreement with Storage Computer, Borens will now serve as managing director of Storage Computer France. "We are very pleased that Open Storage Solutions has joined forces with Storage Computer and that an executive of Franck Borens' stature is now part of our team," said Ted Goodlander, President and 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 Storage Computer Corporation. "With over 50 percent of our revenue coming from outside of the U.S., France is a key market to our future growth. This joint venture and the formation of a subsidiary in France demonstrates our commitment to the international marketplace." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Franck Borens, a joint venture with Storage Computer represented an extremely attractive business opportunity. "Our customers -- companies like FNAC FNAC Fine-Needle Aspiration Cytology FNAC Fédération Nationale des Agents Commerciaux (France: National Federation of Commercial Agents) FNAC Fédération Nationale d'Achat des Cadres (1954; French) , SNCF SNCF Société Nationale des Chemins de fer Français (French National Railways) SNCF Sans Nous les Cafés Ferment (French) , Thomson, and IN2P3 -- are demanding high-performance intelligent storage subsystems The part of a computer system that provides the storage. It includes the controller and disk drives. See storage system. that can operate in heterogeneous computing environments. We elected to enter into this joint venture with Storage Computer because of their superior RAID 7 technology and excellent business relationships. RAID 7 technology meets French users demands for high performance and host platform/operating system independence. As Storage Computer France, we look forward to making a significant contribution to overall company growth." Storage Computer France's resellers include Hewlett Packard LPO LPO London Philharmonic Orchestra LPO Legal Process Outsourcing LPO Local Purchase Order LPO Louisiana Philharmonic Orchestra LPO Legal Process Offshoring LPO Leading Petty Officer LPO Loan Production Office LPO Lattice Preferred Orientation France and Agfa France, a subsidary of Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and . Storage Computer Corporation develops and markets a comprehensive line of high-performance, high-availability storage systems. Committed to protecting customers' investments in information technology, Storage Computers' Enterprise-Wide Storage Suite of solutions are based on an open systems, standards-based architecture, and are modular and scalable for future growth. Detailed company information may be found on the World Wide Web at http://www.storage.com. -0- Storage Computer and RAID 7 are registered trademarks and Enterprise-Wide Storage Suite is a trademark of Storage Computer Corporation. CONTACT: Storage Computer Corp. Anne Murphy, 603/880-3005 or Neva Group Jane Hiscock/Jackie Lustig, 617/441-4000, ext. 224 75453.2161@compuserve.com |
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