AUSTIN, Texas, Jan. 8, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced a significantly expanded OEM partnership with FUJIFILM Recording Media U.S.A., Inc. that now includes Canada and South America in addition to the existing United States territory. Fujifilm expects to begin selling its Dternity NAS, powered by Crossroads StrongBox technology, throughout North and South America this year.
Crossroads and Fujifilm are working together to deliver scalable on-site storage for unstructured data while providing robust data protection and complete data availability for customers around the world. In addition to the Americas, the newly expanded agreement provides considerations for further broadening distribution into additional global markets – marking notable growth opportunities since the partnership's initial U.S. focus was announced in August 2013.
"The Dternity NAS currently allows U.S. customers to easily leverage the economics of tape to empower their data archive without sacrificing accessibility to files and projects," said Peter Faulhaber, President at FUJIFILM Recording Media U.S.A., Inc. "Now, with international deployment, Dternity is positioned to preserve and protect essential data across the globe."
"Based on growing success in the market, Fujifilm's expanded release of the Dternity NAS is a logical next step in providing StrongBox-based solutions to meet customer demand for cost-effective, long-term data protection," said Richard K. Coleman, Jr., President and CEO at Crossroads Systems. "This significant step forward in our partnership with Fujifilm underscores the innovation and value that the StrongBox NAS technology offers, now available to customers and partners across the Western Hemisphere."
FUJIFILM Recording Media U.S.A., Inc. is the US-based manufacturing, marketing and sales operations of professional broadcast video and data tape recording media for FUJIFILM Corporation. The company provides broadcast and data center customers and industry partners with a wide range of unique data center accessories, value-added services and Dternity data protection and preservation solutions. Based on a history of thin-film engineering and magnetic particle science such as Fujifilm NANOCUBIC technology, Fujifilm creates breakthrough data storage products. In 2013, Fujifilm surpassed the 100 million milestone for the number of LTO Ultrium data cartridges manufactured and sold since introduction, establishing the company's leadership and success as the leading global manufacturer of mid-range and enterprise data tape. For more information on Fujifilm Recording Media products, customers can call 800-488-3854 or go to www.fujifilmusa.com/products/tape_data_storage. To receive news and information direct from Fujifilm via RSS, subscribe free at www.fujifilmusa.com/rss. For more information on Fujifilm's Dternity solutions, visit www.dternity.net.
FUJIFILM Holdings Corporation, Tokyo, Japan brings continuous innovation and leading-edge products to a broad spectrum of industries, including: healthcare, with medical systems, pharmaceuticals and cosmetics; graphic systems; highly functional materials, such as flat panel display materials; optical devices, such as broadcast and cinema lenses; digital imaging; and document products. These are based on a vast portfolio of chemical, mechanical, optical, electronic, software and production technologies. In the year ended March 31, 2014, the company had global revenues of $23.7 billion, at an exchange rate of 103 yen to the dollar. Fujifilm is committed to environmental stewardship and good corporate citizenship. For more information, please visit: www.fujifilmholdings.com.
StrongBox is a network attached storage (NAS) appliance that is built to lower the costs of long-term storage and protection for unstructured content. By pairing flexible, policy-driven disk storage with Linear Tape File System (LTFS) technology, StrongBox empowers organizations to control storage costs without sacrificing data availability. Visit www.crossroads.com/strongbox.
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data storage solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.
Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to implement its business strategy, including the transition from a hardware storage company to a software solutions and services provider, its ability to expand its distribution channels, its ability to maintain or broaden relationships with existing distribution channels and strategic alliances and develop new industry relationships, the performance of third parties in its distribution channels and of its strategic alliances, the potential market for our data storage products, changes in the fair value of its derivative instruments and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, which can be accessed through the SEC's website or by clicking "SEC Filings" on the company's Investor Relations website at http://investors.crossroads.com. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.
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SOURCE Crossroads Systems