OCZ Technology Obtains Favorable NASDAQ Listing Determination

OCZ Technology Obtains Favorable NASDAQ Listing Determination 
SAN JOSE, CA  -- (Marketwired) -- 05/28/13 --  OCZ Technology Group,
Inc. (NASDAQ: OCZ), a leading provider of high-performance
solid-state drives (SSDs) for computing devices and systems, today
announced that on May 28, 2013 the Company received a determination
from the NASDAQ Listing Qualifications Panel (the "Panel") indicating
that the Panel had granted the Company's request to remain listed on
The NASDAQ Stock Market, subject to the condition that the Company is
current in the filing of its periodic reports with the Securities and
Exchange Commission by September 16, 2013. The Company is required to
promptly notify NASDAQ of significant events that occur during the
exception period. The Panel reserves the right to reconsider the
terms of the exception if it believes that the continued listing of
the Company's common stock on The NASDAQ Stock Market is inadvisable
or unwarranted. 
The determination follows the Company's hearing before the Panel on
May 16, 2013, at which the Panel considered the Company's plan to
regain compliance with NASDAQ's filing requirement. The Company is
working to timely satisfy the terms of the Panel's decision; however,
there can be no assurance that it will be able to do so.  
"We are delighted that NASDAQ has granted us this extension. As
recognized by this extension, the Company has made substantial
progress in becoming current with our filings and we look forward to
completing this as soon as possible," said Ralph Schmitt, CEO of OCZ
Technology Group. 
About OCZ Technology Group, Inc.   
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ)
is a global leader in the design, manufacturing, and distribution of
high-performance solid-state storage solutions and premium computer
components. Offering a complete spectrum of solid-state drives
(SSDs), OCZ provides SSDs in a variety of form factors and interfaces
(i.e. PCIe, SAS and SATA) to address a wide range of client and
enterprise applications. Having developed firmware and controller
platforms, to virtualization and endurance extending technologies,
the company delivers vertically integrated solutions enabling
transformational approaches to how digital data is captured, stored,
accessed, analyzed and leveraged by customers. For more information,
please visit: www.ocz.com. 
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, the risk that the
process of preparing and auditing the financial statements or other
subsequent events would require OCZ to make additional adjustments;
the time and effort required to complete the restatement of the
financial reports; the ramifications of OCZ's potential inability to
timely file required reports; including potential delisting of OCZ's
common stock on NASDAQ; the risk of litigation or governmental
investigations or proceedings relating to such matters; 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;
OCZ's ability to obtain sufficient NAND flash; 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 I in OCZ's Annual Report
on Form 10-K filed with the SEC on May 14, 2012, and statements made
in other subsequent filings. The filing is available both at
www.sec.gov as well as via OCZ's website at www.ocz.com. OCZ does not
undertake to update its forward-looking statements. 
All trademarks or brand names referred to herein are the property of
their respective owners. 
Contact: 
OCZ Press  
Scott Harlin
Director of Marketing Communications
(408) 440-3484
sharlin@ocztechnology.com 
OCZ Investor Relations 
Bonnie Mott
Senior Manager of Investor Relations
(408) 440-3428
bmott@ocztechnology.com
 
 
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