Fujifilm to private label the Crossroads Strongbox® data storage and protection solution
VALHALLA, N.Y. and AUSTIN, Texas – August 28, 2013 – FUJIFILM Recording Media U.S.A., Inc. and Crossroads Systems, Inc. (NASDAQ: CRDS), global leaders in data protection and archiving solutions, today announced that they have expanded their relationship through an OEM agreement that allows Fujifilm to private label the Crossroads StrongBox® data storage and protection product line.
Crossroads and Fujifilm began their strategic alliance in June 2009 through an agreement to offer Crossroads’ storage technologies to Fujifilm’s customers. To meet customer needs for storage scalability and accessibility, the two companies announced in 2012 that Fujifilm had integrated StrongBox into its datacenter to provide a new data protection and archiving solution, Permivault™. StrongBox’s unique use of Linear Tape File System (LTFS) technology empowers Permivault to deliver an economical storage tier while providing online accessibility and data protection. With this latest agreement, Fujifilm can now offer its customers the StrongBox appliance and technology for seamless integration with this offsite Permivault service as a complete Fujifilm solution.
“Having successfully teamed up with Crossroads to offer innovative archive services, Fujifilm is now taking the relationship a step further with this latest OEM agreement,” said Peter Faulhaber, president, FUJIFILM Recording Media U.S.A., Inc. “We can now deliver a robust archiving solution with built-in data protection for our customers based on the Crossroads StrongBox technology.”
“The new OEM agreement expands Crossroads’ ongoing relationship with Fujifilm and should further boost StrongBox’s presence through Fujifilm’s technology, industry leadership and powerful brand,” said Richard K. Coleman, Jr., interim president and CEO at Crossroads Systems. “We’re pleased to broaden our relationship with a trusted partner such as Fujifilm.”
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 programs. Based on a history of thin-film engineering and magnetic particle science such as Fujifilm NANOCUBIC technology, Fujifilm creates breakthrough data storage products. In 2011, Fujifilm had surpassed the 75 million milestone for the number of LTO Ultrium data cartridges manufactured since introduction, highlighting the company's leadership and success as a manufacturer of mid-range and enterprise tape media. For more information on Fujifilm Recording Media products, customers can call 800-488-3854 or go to www.fujifilmusa.com/tapestorage. To receive news and information direct from Fujifilm via RSS, subscribe free at www.fujifilmusa.com/rss.
FUJIFILM Holdings Corporation, Tokyo, Japan, brings continuous innovation and leading-edge products to a broad spectrum of industries, including electronic imaging, digital printing equipment, medical systems, life sciences, graphic arts, flat panel display materials, and office products, based on a vast portfolio of digital, optical, fine chemical and thin film coating technologies. The company was among the top 10 companies around the world granted U.S. patents in 2012, and in the year ended March 31, 2013, had global revenues of $26.7 billion*. Fujifilm is committed to environmental stewardship and good corporate citizenship. For more information, please visit www.fujifilmholdings.com.
* At an exchange rate of 83 yen to the dollar.
StrongBox is a shared storage solution purpose-built for data archiving and preservation. Using Linear Tape File System (LTFS) technology and intelligent storage architecture with standard file systems (CIFS/NFS), StrongBox empowers online, all the time file availability with uncompromised data protection, full data mobility, non-proprietary file storage and significant cost-savings. StrongBox unifies your archive - past and present - while providing seamless scalability and reliability for the future. Visit www.crossroads.com/products/strongbox.
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive 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 holds 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 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, uncertainties relating to product development and commercialization, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, technological change in its industry, market acceptance of its products and services, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
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