NEWARK, CA, Nov. 19, 2010 – SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") (NASDAQ: SMOD), a leading independent manufacturer of solid state storage products and memory modules, today announced that its XceedIOPS SAS 2.5" solid state drive (SSD) will be used in the planned IBM POWER7 high-performance supercomputer.
The IBM supercomputer will use these drives to provide substantially higher levels of performance (compared to HDDs), sufficient to meet the critical data management requirements of this system.
Supercomputing requires storage solutions that can deliver long lifetimes with high reliability and data integrity under the most demanding operating environments. Due to its use of the latest 34nm Enterprise-grade Multi-Level-Cell (E-MLC) NAND flash technology, SMART's XceedIOPS SAS SSD provides superior endurance and a five-year minimum operational life even in workload-intensive environments.
SMART's XceedIOPS SAS SSD also offers extensive error-correction and detection features, multi-level data-path and code protection, data-loss recovery, and active thermal management designed to improve reliability and data integrity.
"Products like the IBM POWER7 supercomputer are defining leading-edge computing and serve as an excellent example of how the combination of performance, price, reliability, and endurance in the XceedIOPS SAS SSD enables the development of an entirely new class of application platforms," stated John Scaramuzzo, SMART's Senior Vice President and General Manager, Storage Business Unit. "The selection criteria for SSDs has moved beyond HDD replacement, as innovative designers such as those at IBM use the qualities of enterprise-grade SSDs to significantly enhance their products’ performance, data integrity, and reliability."
The IBM POWER7 supercomputer, showcasing SMART’s XceedIOPS SAS SSDs, debuted at the SC10 show in New Orleans, LA, earlier this week. For additional information regarding SMART’s SSD products, visit www.smartm.com.
SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, enterprise, industrial, networking, gaming, aerospace, defense, embedded applications, and telecommunications markets. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM and Flash memory in various form factors. SMART also offers high performance, high capacity SSDs for enterprise, defense, aerospace, industrial automation, medical, and transportation markets. SMART’s presence in the U.S., Europe, Asia, and Latin America enables it to provide its customers with proven expertise in international logistics, asset management, and supply-chain management worldwide. See www.smartm.com for more information.
Statements contained in this press release, including the quotations attributed to Mr. Scaramuzzo and statements related to IBM products, that are not statements of historical fact, including any statements that use the words "will," "believes," "anticipates," "project," "estimates," "expects," "intends," "enhance," avoid," "perform," "ensure," "withstand," "enable," "leading-edge," "withstand," "scheduled" or similar words that describe the Company's or its management's future plans, objectives, beliefs or goals, are "forward-looking statements" and are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include those related to the Company's business strategies and product plans, product performance, productivity, reliability, quality and customer acceptance, and the market for the Company's products.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, design, production or manufacturing difficulties, actual performance or reliability not meeting expectations, lack of customer acceptance or end-user demand, competitive factors, failure to meet protocols or MIL qualification, new products and technological changes, fluctuations in product prices as well as raw material costs and availability, dependence upon third-party vendors (including the performance of their products supplied to the Company), customer demand, changes in industry standards or release plans, intellectual property disputes and other risks detailed in the Company's periodic reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended August 27, 2010 and the Company's Quarterly Reports on Form 10-Q. Such risk factors are outlined in our periodic report filings and may not constitute all factors that could cause actual results to differ materially from those discussed in any forward-looking statement.
The Company operates in a continually changing business environment and new factors emerge from time to time. The Company cannot predict such factors, nor can it assess the impact, if any, from such factors on the Company or its results. Accordingly, our future results may differ materially from projections and investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements should not be relied upon as a prediction of actual results. These forward-looking statements are made as of today, and the Company does not intend, and has no obligation, to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
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