SAN JOSE, Calif., Nov. 16, 2010 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) and memory modules for computing devices and systems, announces an exciting refresh of the renowned first generation Vertex and Colossus SSD Series. Called the Vertex Plus and Colossus Plus, the new SATA II solutions continue to implement the proven Indilinx technology while delivering significantly improved performance at their distinctively affordable price points. OCZ continues to work diligently with the latest technology providers in flash storage with the goal of maintaining affordability for consumers that demand a faster, more responsive PC experience. Pricing and availability of the Vertex Plus and Colossus Plus series will be announced in the coming weeks. "The original Vertex and Colossus series of Solid State Drives set the benchmark for performance and reliability, and quickly became top-selling solutions for customers seeking all the benefits of SSD technology over traditional rotational media both in mobile and desktop computing," said Ryan Petersen, CEO of OCZ Technology Group. "The new Vertex Plus and Colossus Plus further improve on already popular products by delivering higher performance with the latest NAND technology, and make SSDs even more accessible to customers with a lower cost per gigabyte." In combination with the latest flash memory, the Vertex Plus and Colossus Plus are based on optimized firmware that boosts performance to new, competitive levels. Additionally, thanks to cost effective NAND and controller technology, the Vertex Plus and Colossus Plus offer lower cost per gigabyte configurations than competing drives on the market, making them excellent starting points into the world of SSDs. Compared to its predecessor, Vertex Plus features higher sequential speeds along with improved 4KB random write IOPS, while offering excellent uncompressed data performance. Available in 32GB, 64GB, and 128GB capacities, the 2.5-inch Vertex Plus Series is an ideal upgrade option for system boot drives, RAID arrays, or as primary laptop storage at an ultra-attractive price point.
Likewise, the Colossus Plus features an internal RAID-0 design with new Indilinx technology that offers superior sequential speeds and over 20,000 4KB random write IOPS, offering incredible performance and instantaneous access compared to traditional hard drive storage. The Colossus will be offered with up to a 1TB (1024GB) of capacity in a 3.5-inch form factor that easily integrates into desktop systems.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 SSD market, 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. The OCZ Technology Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7439 Forward-Looking Statements Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, market acceptance of OCZ's products and OCZ's ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ's ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; and OCZ's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in "Item 1A – Risk Factors" in Part II in OCZ's Quarterly Report on Form 10-Q filed with the SEC on January 14, 2010. The filing is available both at www.sec.gov as well as via OCZ's website at www.ocztechnology.com. OCZ does not undertake to update its forward-looking statements.
CONTACT: OCZ Technology Group, Inc. Ryan Petersen, CEO 408-733-8400 The Investor Relations Group Investor Relations: Adam Holdsworth Public Relations: Mike Graff 212-825-3210