SAN JOSE, CA -- (Marketwired) -- 07/22/13 -- Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today announced that it has generated more than $1 billion in revenue to date from sales of its Scalar i500 tape library.* The Scalar i500 is the best-selling tape library in Quantum's history, and the $1 billion milestone reflects the platform's strength, continued innovation and broad-based customer adoption. Quantum also announced an expansion of its long-time partnership with Benchmark Electronics, which has been manufacturing the Scalar i500 since its introduction.
"Reaching this major milestone reflects the important role tape continues to play as an extremely cost-effective, energy-efficient and resilient technology for long-term data retention, archive and disaster recovery," said Robert Clark, senior vice president, Data Protection Group, Quantum. "With this in mind, we're continuing to build on our position as the market share leader in open systems tape automation, adding new products and features. In just the last year, for example, we've introduced a new high-density Scalar® enterprise library and a new Scalar LTFS appliance, incorporated LTO-6 technology and expanded our line of StorNext® archive enabled libraries for big data management."
Scalar i500: Best-in-Class Platform
Designed for midrange and enterprise environments, the Scalar i500 offers best-in-class scalability, reliability, intelligence and management. Key features include:
The Scalar i500 platform also serves as the foundation for Quantum's StorNext AEL500, which combines automated, policy-based tiering and tape for archiving big data.
Expanded Partnership with Benchmark Electronics
Based in part on the tremendous market success of the Scalar i500, Quantum is expanding its partnership with Benchmark Electronics, a large contract manufacturer that has been supporting Quantum for more than a decade. Over the next six months Quantum will transition the rest of its tape automation manufacturing to a Benchmark facility in Alabama while retaining responsibility for all design and development, including future enhancements.
"Benchmark has been a great partner, with a well-proven record of making high quality products, and we would not have achieved the Scalar i500 $1 billion milestone without them," said Clark. "This is the fourth time we've expanded our partnership, and the transition has been seamless in every case. We're looking forward to working with Benchmark to serve the needs of a larger customer base."
About Benchmark Electronics, Inc.
Benchmark Electronics, Inc. provides integrated manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment (which includes equipment for the aerospace and defense industry), testing and instrumentation products, and telecommunication equipment. Benchmark's global operations include 23 facilities in nine countries. Benchmark's Common Shares trade on the New York Stock Exchange under symbol BHE.
Quantum is a proven global expert in data protection and big data management, providing specialized storage solutions for physical, virtual and cloud environments. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to help maximize the value of their data by protecting and preserving it over its entire lifecycle. With Quantum, customers can Be Certain they're able to adapt in a changing world -- keeping more data longer, bridging from today to tomorrow, and reducing costs. See how at www.quantum.com/BeCertain.
Quantum, the Quantum logo, Be Certain, iLayer, Scalar 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. Specifically, but without limitation, statements relating to 1) customer benefits and value to customers from using Quantum's tape automation products, including its Scalar i500 tape libraries, 2) customer demand for and Quantum's future revenue from such products, 3) benefits to Quantum from its partnership with Benchmark Electronics, including the expansion of this partnership, 4) the tape automation manufacturing transition to Benchmark Electronics and the timing of such transition and 5) Quantum's future business strategy and products, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release 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 statements. More detailed information about 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 Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 7, 2013. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
* Includes branded, OEM and related service revenue