Havant, UK – January 8, 2008 –
Xyratex Ltd (Nasdaq: XRTX), a leading provider of
enterprise class data storage subsystems and storage
process technology, today announced an OEM agreement
with NetApp (Nasdaq: NTAP) to develop and supply
general disk arrays for a variety of NetApp® products.
“We are very proud to be NetApp’s supplier. This new
agreement recognizes the value proposition provided by
Xyratex through our product design expertise, system
test services, and proven business model.” said Steve
Barber, CEO of Xyratex.
This agreement builds on the successful
implementation of disk arrays currently provided by
Xyratex to NetApp and incorporated within NetApp’s
industry leading storage hardware platforms.
“We are delighted to be able to continue our
relationship with NetApp with this disk arrays
announcement.” said Todd Gresham, executive vice
president, Xyratex Networked Storage Solutions. “We will
continue to focus on execution in our product technology
and fulfillment service capability to support NetApp’s
This partnership further demonstrates Xyratex’s proven
expertise and extensive track record of providing
industry leading disk arrays and RAID subsystems to OEM
Safe Harbor Statement
This press release contains forward–looking statements.
These statements relate to future events or our future
financial performance. These statements are only
predictions and involve known and unknown risks,
uncertainties and other factors that may cause our
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. Factors that might cause such a difference
include our inability to compete successfully in the
competitive and rapidly changing marketplace in which we
operate, failure to retain key employees, cancellation
or delay of projects and adverse general economic
conditions in the United States and internationally.
These risks and other factors include those listed under
"Risk Factors" and elsewhere in our Annual Report on
Form 20-F as filed with the Securities and Exchange
Commission (File No. 000-50799). In some cases, you can
identify forward-looking statements by terminology such
as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of
these terms or other comparable terminology. Although we
believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot
guarantee future results, levels of activity,
performance or achievements.
Xyratex is a leading provider of enterprise
class data storage subsystems and storage process
technology. The company designs and manufactures
enabling technology that provides OEM and disk drive
manufacturer customers with data storage products to
support high-performance storage and data communication
networks. Xyratex has over 20 years of experience in
research and development relating to disk drives,
storage systems and high-speed communication protocols.
Founded in 1994 in a management buy-out from IBM, and
with its headquarters in the UK, Xyratex has an
established global base with R&D and operational
facilities in Europe, the United States and South East