OCZ Technology Group Comments on SandForce Acquisition

Oct 28, 2011 2:45 AM CDT
OCZ Technology Group Comments on SandForce Acquisition | TweakTown.com

SAN JOSE, CA-October 26, 2011-OCZ Technology Group, Inc. (Nasdaq: OCZ), a leading provider of high-performance solid-state drives ("SSDs") for computing devices and systems, today provided comments on the acquisition of SandForce by LSI Corporation announced earlier today.

"On behalf of OCZ, I would like to congratulate SandForce on its combination with LSI, a current partner of OCZ's," said Ryan Petersen, CEO of OCZ Technology Group. "SandForce has been a great partner, and we expect the added resources of LSI will only benefit SandForce's customers. Moreover, because OCZ and SandForce previously contemplated this scenario, we expect that this combination will have no material impact to our existing product lines or business," concluded Mr. Petersen.

About OCZ Technology Group, Inc.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ), is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions. For more information, please visit: www.ocztechnology.com.

Last updated: Apr 7, 2020 at 12:05 pm CDT

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