Printer Friendly

A NEW MAJOR SUCCESS FOR NOMAI AGAINST SYQUEST

 ROY, Utah, Oct. 5 /PRNewswire/ -- After a seven-month legal battle between NOMAI and Syquest, Syquest has, for now, voluntarily agreed to NOMAI continuing to sell its Syquest compatible cartridges in the United Kingdom.
 Syquest has asked the English court to order a temporary injunction against NOMAI, but, when the strong partnership of IOMEGA (NASDAQ-NMS: IOMG) and NOMAI surprised them by proposing financial security, Syquest decided to accept that instead.
 Despite seven months of legal battles throughout the world and multimillion dollars in legal expenses incurred by Syquest, NOMAI is gaining market share and has now sold more than 100,000 cartridges worldwide.
 Marc Frouin, NOMAI's president, said, "No one minds providing a letter of credit which he does not expect to have to pay. Syquest suggested that NOMAI cartridges were not of high quality, but in the end it all came down to a question of money. We have no doubt we will win at trial, which we understand will take place within about one year. Our cartridges, which use IBM DLC (Diamond Like Coating) media, have now proved their superiority with a return rate of only a few per thousand. This, and the really good partnership we have with IOMEGA, creates an increasing demand for our products. The legal battle is a desperate action of Syquest, which objects to all competition."
 NOMAI develops and manufactures removable storage products. Its main products are cartridges compatible with Syquest 44 & 88 MB drives.
 NOMAI is located in Avranches, France, very close to the Mont Saint Michel, one of the world's marvels.
 Contacts: France USA
 Marc Frouin Mike Joseph
 Phone: 33-33891600 801-778-3170
 Fax: 33-33891601
 IOMEGA Corp., Roy, develops, manufactures and sells high-performance removable mass storage products for desktop computers. IOMEGA's patented Bernoulli Technology provides unlimited data storage capability by combining the removability of floppy drives with the high capacity and performance of rigid drives. IOMEGA's common stock is listed on the NASDAQ National Market System under the symbol IOMG.
 -0- 10/5/93
 /CONTACT: Mike Joseph, IOMEGA Corp., 801-778-1000/
 (IOMG)


CO: IOMEGA Corp.; NOMAI; Syquest ST: Utah IN: CPR SU:

LS-MF -- LA022 -- 8955 10/05/93 14:48 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 5, 1993
Words:356
Previous Article:MILES, INC. ANNOUNCES MARKET SUPPORT PROGRAM
Next Article:MATT THOMAS TO HEAD NEWLY FORMED MENTAL HEALTH COMPANY
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters