Enterprise-Class Data Protection Appliance for SMB Market MELVILLE, N.Y.--(BUSINESS WIRE)--March 7, 2006 FalconStor Software, Inc. Leading Taiwan-Based Innovative Designer, Manufacturer and Service Provider Incorporates FalconStor IPStor(R) Platform with Intel's Xscale System-On-Chip Technology to Address Needs of SMB and SOHO Customers FalconStor Software, Inc. (Nasdaq: FALC), a leading developer of network storage software solutions, and MiTAC International Corp. (TSE: 2315), a leading innovative designer, manufacture and service provider, today announced an OEM agreement to bring to market a turn-key storage and data protection appliance. Targeted at small-to-medium business (SMB) and small office/home office (SOHO) users, this offering leverages FalconStor's award-winning IPStor(R) technology as well as Intel's Xscale System-On-Chip (SOC) technology. Under the agreement, FalconStor will optimize IPStor, a comprehensive suite of enterprise class storage services, to run on the MiTAC SOC platform. SOC technology is designed for extremely low power consumption and high performance processing power. By combining SOC and IPStor technology. FalconStor and MiTAC will provide the SMB/SOHO market with enterprise-class data protection capabilities in an affordable, easy-to-use turn-key appliance. "The partnership with FalconStor enables us to deliver a true plug and play data protection appliance for the SMB and SOHO markets," said Robert Yang, VP of MiTAC International Corp. "Small business owners want a low cost, ease-of-use, and reliable solution that keeps their information secure and allows them to leverage their existing IP network without adding management headaches." "MiTAC's industry leading designing and manufacturing technology complements our core IPStor family of products and services to provide the best available solution for continuous data protection needs for SMB customers," said Eric Chen, VP and GM of APAC, FalconStor. "Partnering with industry leaders like MiTAC broadens our solutions suite of award winning products and gives our customers the tools they need to meet and scale their changing data protection requirements." About MiTAC Mitac International Corp., established in 1982 and headquartered in Taiwan, a listed company in Taiwan Stock Exchange having three major business units: (1) digital system (including desktop computer, digital home entertainment product); (2) professional enterprise system (including workstation, servers and storage equipment) and (3) mobile communication device (handheld GPS device, smart phone, mobile entertainment device). There are more than 25,000 employees worldwide with overseas operations in the US, UK, Germany, Belgium, Japan, China. It's vertical integration manufacturing mega sites are located in China, including Mitac (Shunde) in Guangdong province focusing on motherboard, desktop computer and server production, while MiTAC (Kunshan) in Jiangsu province centered on the production of mobile communication products. More than 1500 R&D engineering and 3% of R&D expenses over sales invested in the product innovation, MiTAC International Corp. has been continuously recognized as a leader in technology innovation. Moreover, the company specializes in the production of quality-designed, user friendly and stylish IT, consumer electronic, and communication products. For more information, please go to www.mitac.com About FalconStor FalconStor Software, Inc. (Nasdaq: FALC) is the premier developer of adaptive data protection solutions that optimize data center efficiency and business continuity for all IT infrastructures. The company's innovative storage virtualization, continuous data protection (CDP), disaster recovery, and virtual tape library (VTL) solutions integrate seamlessly to ensure rapid data recovery and simplified storage management. Available from major OEMs, system integrators, and resellers, FalconStor products - including award-winning IPStor(R) and VirtualTape Library software - are deployed worldwide by governments, educational institutions, and Fortune 1000 enterprises across industries including aerospace, energy production, financial services, healthcare, law, manufacturing, and telecommunications. FalconStor is headquartered in Melville, New York, with offices throughout Europe and the Asia Pacific region. FalconStor is an active member of the Storage Networking Industry Association (SNIA) and Fibre Channel Industry Association (FCIA). For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252). This press release includes forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include: delays in product development; market acceptance of FalconStor's products and services; technological change in the storage and networking industries; competition in the network storage software market; the potential failure of FalconStor's OEM partners to introduce or to market products incorporating FalconStor's products; intellectual property issues; and other risk factors discussed in FalconStor's reports on Forms 10-K, 10-Q and other reports filed with the Securities and Exchange Commission. FalconStor, and IPStor are registered trademarks of FalconStor Software, Inc. All other company and product names contained herein may be trademarks of the respective holders. CONTACT: FalconStor Software, Inc. Sabrina Sanchez, 925-875-1968 email@example.com
FalconStor Unveils OEM Deal with MiTAC to Deliver Turn-Key
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