SAN JOSE, Calif., May 2, 2017 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today announced that Zhejiang Uniview Technologies Co. Ltd., one of the top three video surveillance system integrators in China, has agreed to become a Quantum value-added reseller and strategic alliance partner. Uniview offers a comprehensive line of IP video surveillance products ― including IP cameras, network video recorders, encoders, decoders, storage and client software and applications ― covering such vertical markets as retail, building, education and municipal government. Uniview will now sell Quantum's full range of scale-out tiered storage products, enabling customers to manage the transformation in surveillance technology and the massive growth in surveillance data more efficiently and cost-effectively.
China: Largest Market for Video Surveillance Enterprise Storage by 2018
According to industry research firm IHS Markit, the market for enterprise storage used in security and video surveillance in China is projected to increase at a 26 percent compound annual growth rate between 2014 and 2019. At this rate, IHS Markit expects China to overtake the United States as the largest market in the world for this type of storage by 2018.*
Quantum Multi-Tier Storage: Solving the Video Surveillance Data Dilemma
Video surveillance is undergoing rapid change, with the accelerated adoption of high-definition cameras, longer retention times for video-based data and the implementation of sophisticated new analytical tools. Storage costs can force customers to compromise in one or more of
Powered by the company's award-winning StorNext® software, Quantum's highly scalable, multi-tier storage solutions leverage disk, tape and the cloud to provide an optimal balance of cost, performance and accessibility for video surveillance workflows. Data can be kept on- or off-premise, including in public, private or hybrid cloud architectures, based on customer preferences. Quantum's data management tools keep data easily accessible across storage media, with the simplicity of searching a C: drive, enabling users to get information when needed regardless of the storage tier where it resides. This economical tiered approach to storage also allows customers to retain surveillance data longer, leaving more budget available to spend on cameras, analytics and other tools in their video surveillance environment.
Hermit Zhang, Chief Executive Officer, Zhejiang Uniview Technologies Co. Ltd.
"Uniview is a pioneer in IP video surveillance, and we've continued to build on our leadership, as reflected in the fact that we are growing at an annual rate of more than 50 percent. A key reason for our success has been our ability to deliver powerful, cost-effective solutions that help customers manage the ever-increasing influx of data, and Quantum's multi-tier storage offerings are an excellent addition to our portfolio."
Wayne Arvidson, Vice President, Surveillance and Security Solutions, Quantum
"Surveillance customers and partners are increasingly turning to Quantum for not only storage solutions but also technical innovation that enables them to achieve their mission of protecting people and property more efficiently while also extracting business value from video-based data. Uniview has clearly established itself as a security and surveillance leader in China, and we look forward to working together in enabling customers to meet evolving challenges and capitalize on new opportunities."
- Learn more about Quantum video surveillance solutions: www.quantum.com/solutions/video-surveillance/index.aspx
- Read about StorNext scale-out tiered storage: www.quantum.com/products/scale-out-storage/stornext-data-management/index.aspx
Quantum is a leading expert in scale-out tiered storage, archive and data protection. The company's data management platform and tiered storage approach provide a unique combination of high performance, low-cost capacity and easy access that enables security and law enforcement professionals to address the challenges created by more cameras, higher resolutions, and increasingly sophisticated analytics. Learn more at www.quantum.com/solutions/video-surveillance/index.aspx.
Quantum, the Quantum logo, Quantum Alliance and StorNext are either registered trademarks or trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Quantum advises caution in reliance on forward-looking statements. Forward-looking statements include, without limitation, 1) the future growth of the market for enterprise storage used in security and video surveillance in China and 2) benefits from and Quantum's future revenue related to Zhejiang Uniview Technologies Co. Ltd. becoming a Quantum reseller and strategic alliance partner. All forward-looking statements are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statement, including unexpected changes in the Company's business. More detailed information about these risk factors and additional risk factors are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 2, 2017. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
* Information based on IHS Markit, Technology Group, Enterprise and IP Storage Used for Video Surveillance Report, 2015. Information is not an endorsement of Quantum Corp. Any reliance on these results is at the third party's own risk. Visit technology.ihs.com for more details.
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SOURCE Quantum Corp.