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Seagate and DensBits Declare Ideal Contract for Growth of Strong Condition Pushes for Customer and Business Markets


Seagate Makes Value Financial commitment in DensBits
Seagate Technological advancement plc the worldwide head in hard disks and storage space alternatives, and DensBits Technological advancement Ltd ("DensBits") the founder of the first Storage ModemTM have declared today a strategic obtain enhancing low-cost, high-performance Strong Condition Pushes ("SSD") for the individual and enterprise marketplaces. In conjunction with the agreement, Seagate has made an undisclosed equity purchase of DensBits.

Seagate and DensBits are joining forces, to develop future products that are intended to provide customers with considerable benefits, higher than normal reliability, and remarkable efficiency. Under the agreement, DensBits' Storage ModemTM operator technology will be incorporated with Seagate's various storage space systems to power a variety of consumer and enterprise applications including 3 bits/cell ("TLC") 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell ("MLC") 1Xnm Flash-based enterprise-grade SSD.

"For the last 30 years, Seagate has delivered technology and product advancement to become the world head kept in storage space alternatives, from high-end enterprise drives to solid-state hybrid drives," said Rugged Pimentel, Seagate chief marketing and advertising officer. "Seagate is thrilled to be working with the skilled DensBits team and considers we have a considerable chance with our new strategic relationship to improve our authority into the SSD market."

"We are very thrilled at the chance of working together with Seagate," said Ilan Hen, DensBits' Chair and CEO. "This is yet another testimony to our technology authority, and we strongly believe that the combining between DensBits' unique Storage ModemTM operator technology and Seagate's remarkable storage space abilities across the board could truly affect the industry."
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