OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that it will showcase its leading enterprise storage solutions at the Gartner Symposium/ITXpo, Booth #219, Walt Disney World Dolphin Resort, Lake Buena Vista, Florida, October 6th through 10th. As an annual gathering of CIOs and senior IT executives seeking the latest tools, technologies, and information to improve IT capabilities and data center effectiveness, the ITXpo is an excellent opportunity for OCZ to present its leading portfolio of enterprise storage solutions to this targeted audience.

Headlining OCZ's product presentations at ITXpo is the award-winning ZD-XL SQL Accelerator that delivers the convergence of hardware and software as one tightly integrated, optimized plug-and-play storage solution. This innovative solution accelerates and optimizes Microsoft SQL Server database applications and its high-performance flash-based PCI Express (PCIe) solid-state drive works in combination with intelligent acceleration and caching software to deliver the right and relevant database data when the application needs it.

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the latest addition to the popular Deneva 2 Series which now utilizes 19 nanometer (nm) NAND flash. The new models are 2.5-inch, 6 Gbps SATA III-based Multi-Level Cell (MLC) drives that implement the Deneva 2 SSD Series feature-set and are built around a smaller NAND flash process geometry. This cutting-edge drive solution also features a completely new power architecture that was designed from the ground up to optimize server back plane functionality, providing enhanced management of in-rush current and power fluctuation. The result is an advanced SSD series that delivers superior storage performance, enterprise-class endurance, reliability and quality, and excellent total cost of ownership for customers.

"Our Deneva 2 has been a popular SSD series among IT professionals not only as an HDD replacement but to dramatically accelerate I/O access of such popular enterprise applications as OnLine Transaction Processing, database warehousing, read intensive data caching and server boot-ups," said Daryl Lang, SVP of Product Management for OCZ Technology. "By implementing new features and the latest NAND flash process geometry we are able to deliver an optimal balance of I/O performance and cost-efficiency to our customers."

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power management solutions for computing devices and systems today announces selected preliminary financial results for the first quarter ended May 31, 2013, subject to customary closing and audit procedures.
Preliminary revenue for the first quarter of fiscal 2014 is estimated to be between $50 and $55 million. The sequential decrease in revenue was primarily due to the continued tight supply of NAND flash. The Company's revenue mix continued to shift towards the mainstream and higher-end client markets, as well as enterprise and OEM solutions as the Company continued to focus on these end markets. At the end of the quarter there was an additional $23 million of shippable backlog that was unrealized in the quarter due to supply constraints.

Gross margin continued to improve and is estimated to be between 17% and 20% for the first fiscal quarter as revenue generated from our Enterprise solutions increased sequentially. The Company continued to reduce its operating expenses by further reducing non critical spending. The Company's break-even level continues to improve due to these actions. Operating expenses for the first quarter are estimated to be between $20 and $22 million, which include restatement related expenses of approximately $1.5 million and stock compensation charges of approximately $2 million. Cash flow improved as we reduced our quarterly cash usage to approximately $6 million in the quarter. Cash ended the quarter between $6 and $7 million with total debt outstanding of $10 million. The Company expects that it will require access to additional capital which it is currently in the process of securing.

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that it has initiated a beta test program for its Linux Acceleration (LXL) Software development and invites its enterprise SSD customers to participate. The new OCZ LXL Software is a fast caching storage solution for OCZ's portfolio of enterprise SSDs and designed specifically for Linux-based physical and virtual environments.

OCZ's unique LXL Software provides a new integrated approach for making application-optimized data cache selections while minimizing I/O access times to SSD flash. It achieves this type of dynamic cache selection optimization by splitting the caching policy engine between the core mechanism running in the Linux kernel and an advanced statistical out-of-band analysis module that optimally determines which data needs to be placed in the cache and stores the data locally in OCZ enterprise-SSDs. The LXL software supports a wide range of OCZ enterprise solid state solutions across multiple interfaces (i.e. Z-Drive R4 PCIe Series, the Talos 2 SAS Series and the Deneva 2 SATA Series).

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, will display its enterprise storage solutions at the Gartner Symposium/ITXpo, Booth #1044, Walt Disney World Dolphin Resort, Lake Buena Vista, Florida, from October 21st through October 25th. The Gartner Symposium/ITXpo is an annual gathering of CIOs and senior IT executives seeking the latest tools, technologies, and information to improve IT capabilities and data center effectiveness.

For SAN acceleration of I/O intensive workloads, OCZ will present its leading Z-Drive R4 PCIe SSDs supporting both full-height (FH) and half-height (HH) configurations, enabling the CPU with direct access (zero-latency storage) and instant boot capabilities. The FH (3/4 length) RM88 model enables an industry best 2.8GB/s of sequential throughput, 410K of random IOPS performance, and usable MLC NAND flash capacities from 800GB to 3.2TB. The HH (half-length) RM84 model is also a performance leader enabling 2GB/s of sequential throughput, 250K of random IOPS performance and usable capacities from 300GB to 1.2TB.

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, and IceWEB Storage Corporation today announced that OCZ's SAS-based Talos 2 SSDs and SATA III-based Deneva 2 SSDs have been selected by IceWEB for inclusion in IceWEB's complete line of unified data storage systems. IceWEB leverages OCZ's enterprise-class SAS and SATA SSDs to enable its storage systems with ultra high performance of I/O intensive applications while lowering power consumption and associated cooling costs.

Today's enterprise, mission-critical applications demand very high levels of I/O performance from storage systems that hard disk drives (HDDs) simply cannot provide since they only deliver about 100 to 200 input/output operations per second (IOPS) performance. Therefore, in developing unified data storage systems that yield ultra high-performance, high reliability and availability, low power and cost-effectiveness, IceWEB required solid-state storage as these drives store and access data through NAND flash memory versus from spinning disks. In a typical industry comparison, it takes about 50 HDDs to provide the IOPS performance of one SSD, and an SSD only consumes a fraction of the power of an HDD.

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, will showcase the Company's latest enterprise storage solutions at the Interop 2012 event at the Mandalay Bay Event Center in Las Vegas, Nevada May 8 through May 10.

Interop is a leading business technology event that focuses on the latest innovations in cloud computing, virtualization, security, mobility, and data center applications, attracting IT and corporate decision-makers from across the global business community. OCZ will showcase the comprehensive lineup of innovative SSD storage solutions targeted for high end enterprise clients, including the customizable Deneva 2 SSD Series, Z-Drive R4 PCIe SAN acceleration solution, and Talos SAS SSDs to optimize productivity and throughput to address data center, virtualization, and HPC storage challenges head-on.

OCZ Technology Group, Inc., a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that the company's enterprise class Deneva 2 solid state drives will be deployed within the newest NuVola Private Cloud Platform Solution Appliance - SAN Velocity powered by Fujitsu, which also utilizes Assurance Storage's ApplicationSmart software.

The SAN Velocity powered by Fujitsu appliance combines Assurance Storage's ApplicationSmart software with Fujitsu's server hardware, and delivers significant benefits of intelligent, autonomic data cache and tier management used to optimize the performance of I/O intensive applications. Customers using the SAN Velocity appliance gain the benefits of aligning the value of data with the value of OCZ Deneva 2 SSD storage and Assurance Storage's software, to improve performance for a variety of business critical applications such as OLTP, database applications and storage cache management.