Overland Storage(R) Enters Into Strategic Partnership With BDT and Settles
SAN DIEGO, CA -- (Marketwired) -- 07/30/14 -- Overland Storage, Inc.
(NASDAQ: OVRL), a trusted global provider of unified data management
and protection solutions across the data lifecycle, today announced
that it has settled all claims in its patent infringement litigation
filed against BDT Media Automation GmbH. As part of the settlement
agreement, Overland Storage has entered into a patent cross-license
agreement with BDT Media Automation GmbH and a strategic investment
in Overland Storage by BDT.
The settlement and cross-license agreement effectively concludes
Overland Storage's 2012 lawsuit filed in the U.S. District Court for
the Southern District of California, and with the United Stated
International Trade Commission, against BDT AG; BDT Products, Inc.;
BDT-Solutions GmbH & Co. KG; BDT Automation Technology (Zhuhai FTZ)
Co., Ltd.; and BDT de Mexico, S. de R.L. de C.V. The litigation
pertained to partitioning media elements and the "mail slot" feature
in automated media devices. In addition, Overland Storage agreed to
dismiss with prejudice Case Number 12-cv-1598-JLS brought by Overland
against PivotStor, LLC.
"We are pleased that we are able to settle the litigation and move
forward as partners," said Eric Kelly, CEO of Overland. "We can now
focus on growing our market position in the tape and automation
segment in collaboration with BDT and provide even greater choice for
Founded in 1967, BDT Media Automation GmbH is a market
leader for B2 digital print feeders, and a leading worldwide
technology partner of major corporations in the IT and printing
industry. With operations in Germany, U.S., Mexico, China and
Singapore, BDT's expertise includes data management, data protection
and print media handling.
About Overland Storage
Overland Storage is a trusted global provider
of unified data management and data protection solutions across the
data lifecycle. The Company delivers one of the most extensive and
complementary product portfolios and service offerings in the
industry. By providing an integrated range of technologies and
services for primary, nearline, offline, and archival data storage,
nd Storage and Tandberg Data, a wholly-owned subsidiary of
Overland, make it easy and cost-effective to manage different tiers
of information over the data lifecycle, whether distributed data is
across the hall or across the globe. Overland Storage recently
announced its proposed merger with Sphere 3D Corporation (NASDAQ:
ANY). This alliance is intended to bring together next generation
technologies for virtualization and cloud coupled with end-to-end
scalable storage offerings allowing them to address the larger and
growing virtualization and cloud markets. Overland Storage and
Tandberg Data solutions are available through a select network of
value-added resellers and system integrators. For more information,
visit www.overlandstorage.com or www.tandbergdata.com.
Overland Storage, the Overland logo and Tandberg Data are trademarks
or registered trademarks of Overland Storage, Inc. that may be
registered in some jurisdictions. All other trademarks are the
property of their respective owners.
+1 (408) 283-4779
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