BOSTON and LOUISVILLE, Colo., Aug. 22 /PRNewswire-FirstCall/ -- StorageTek has been an industry-leading pioneer in virtual storage technology since it introduced its Shared Virtual Array(R) solution family to the market in 1994. More than a decade later, StorageTek's commitment to innovating advanced virtual storage solutions is stronger than ever. Today, from the SHARE Technology Exchange Expo, StorageTek(R) (Storage Technology Corporation) (NYSE: STK), the world's trusted partner for storing and managing critical business information, unveiled the newest entry in its FlexLine(TM) V-Series Shared Virtual Array(R) (SVA) disk storage family -- the V2X4f for mainframe environments. Based on StorageTek's advanced SVA technology, the V2X4f offers twice the capacity and up to 40 percent improvement in workload and response time performance over the existing V2Xf. The FlexLine V-Series Shared Virtual Array system is one of the most effective and efficient solutions available for storing, protecting and managing large volumes of data while reducing total cost of ownership. With its advanced virtual technology, self-management and performance tuning capabilities, StorageTek's SVA enables customers to replicate data much faster, with more copies and up to 60 percent less physical disk requirement than other traditional storage solutions. The SVA significantly reduces overall storage costs, management complexity and enables greater operational efficiency for the enterprise customer. Designed for native FICON connectivity in z/OS (MVS) and z/VM environments, the V2X4f is StorageTek's latest FlexLine V-Series product offering based on the well proven SVA technology. It provides mainframe storage capabilities unattainable by most other storage solutions, such as over-provisioning, near instant unlimited PIT SnapShot copies and 100+ percent storage utilization. The V2X4f is ideally suited for test and development, business continuity and disaster recovery applications where time and money are key factors. The FlexLine V2X4f: * Helps lower overall storage cost with greater storage efficiency and manageability * Gets software applications to market quickly by enabling concurrent test and development with multiple SnapShot data copies and restores * Significantly reduces the DB2 backup times by providing fully non-disruptive and consistent DB2 image copy via SnapShot and Virtual Concurrent Copy * Enhances Business Continuity and Disaster Recovery with near instant PIT SnapShot, fast backup and PPRC "With the introduction of the V2X4f, we are extending our commitment to supporting the SVA technology platform while addressing the unique needs voiced by our loyal MVS customers from all over the globe," said Brenda Zawatski, vice president and general manager, Information Lifecycle Management Solutions, StorageTek. "The V2X4f is one of several new product upgrades that we plan to unveil this year, with feature enhancements that will also extend the power and value of our advanced Virtual Storage Manager(R) (VSM(R)) virtual tape solution family into the future." The StorageTek FlexLine V-Series SVA storage systems, including the V2X2 and the V2X4f, offer cost-effective solutions for today's key IT challenges. Its advanced virtual architecture utilizes 100 percent of purchased disk capacity through automated storage management, eliminating the under-allocation and over-purchasing of capacity typically associated with conventional disk systems. IT managers gain the flexibility to accommodate high-throughput applications and meet peak online transaction processing needs without purchasing additional capacity. FlexLine V-Series SVA storage systems deliver advanced disk mirroring, replication and high availability capabilities via StorageTek's exclusive Virtual Power Suite(R)software. Designed specifically for StorageTek's V-Series, the Virtual Power Suite software enables users to copy, move and protect large volumes of data quickly and reliably, eliminating thousands of I/Os per second. With StorageTek SnapShot software, users can make virtually instantaneous backups of data sets for disaster recovery applications, offline data processing and application development. SVA storage systems also enable automatic macro management, intelligent self-tuning, automatic media management and facilitate disruption-free configuration changes to greatly simplify storage management, saving time and resources. For more information on StorageTek's Shared Virtual Array product family, visit http://www.storagetek.com/products/product_page9.html Availability The FlexLine V2X4f product is available and shipping now. Customers with existing FlexLine V2Xf systems can also upgrade them the 23TB virtual capacity (from current 11.5TB) and enhance their performance up to 40% with the new IPX5 processor cards. Both are available today. About SHARE SHARE, an independent, volunteer-run association designed to provide IBM customers with user-focused education, professional networking opportunities and a forum to influence the IT industry. The organization's five-day user event in Boston features a wide array of user-driven training opportunities for enterprise-class IT professionals and managers. StorageTek will be exhibiting the V2X4f at booth # 521. For more information on SHARE, visit http://www.share.org/. About StorageTek StorageTek (Storage Technology Corp., NYSE: STK) is a $2 billion global company that utilizes its information lifecycle management strategy to help businesses align the cost of storage with the value of their information. The company's innovative storage solutions manage the complexity and growth of information, lower costs, improve efficiency and protect investments. For more information, see www.storagetek.com or call 1.800.877.9220. TRADEMARKS: StorageTek and the StorageTek logo are registered trademarks of Storage Technology Corporation. Other names mentioned may be trademarks of Storage Technology Corporation or other vendors/manufacturers. Forward Looking Statements This press release contains certain statements, projections and forecasts regarding StorageTek's future business plans, financial results, products and performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of words such as "may," "will," "should," "expects," "plans," "anticipates," and "believes." There are a number of risks and uncertainties that could cause the company's actual results to differ materially. Some of these risks and uncertainties include, but are not limited to, StorageTek's ability to develop, manufacture and market new products and services successfully; the growth in data for archiving; the effect of product mix and distribution channel mix on our gross margins; our ability to execute our Information Lifecycle Management(TM) strategy; competitive pricing pressures; rapid technological changes in the markets in which we compete; our ability to attract and retain highly skilled employees; changes in our management; our ability to protect and develop intellectual property rights; our reliance on certain sole source suppliers; our ability to obtain quality parts and components in a timely manner; the status of StorageTek's merger with Sun Microsystems , Inc. and its anticipated consummation; general economic conditions in the United States and globally; and other risks described in StorageTek's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that are filed with the Securities and Exchange Commission and which are available on the SEC's website.