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Aug. 1, 2012 /PRNewswire/ -- Xyratex Ltd (Nasdaq: XRTX), a leading provider of data storage technology, today announced that it has expanded its executive team with the appointment of
Ed Prager and
Ahmed Shihab as executive officers with immediate effect.
"We are extremely pleased to announce these appointments, which will broaden the expertise on the executive team," said
Steve Barber, chief executive officer of Xyratex. "I believe the addition of these executive officers will enable the company to be more effective and efficient in executing our corporate strategy and meeting the increasing requirements of our customers. I am confident that these appointments will help to drive the future success of the company."
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Factors that might cause such a difference include our inability to retain major customers, the cyclical nature of the markets in which we operate, changes in our customers' volume requirements, our inability to compete successfully in the competitive and rapidly changing marketplace in which we operate, deterioration in global economic conditions, diminished growth in the volume of digital information and the impact of natural disasters. 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.