Nov 07, 2007

Seagate Receive Tekne Award for IT Software and Hardware, Communications and Infrastructure

MINNEAPOLIS - Seagate Technology (NYSE:STX) was named the established company recipient in the IT Software & Hardware, Communications and Infrastructure category at the 2007 Tekne Awards held at the Minneapolis Convention Center on Nov. 1. The Tekne Awards recognize Minnesota’s outstanding technology achievements and leaders.

The award recognized Seagate’s Savvio® line of 2.5-inch enterprise hard drives, developed in Minnesota. The Savvio product, 70% smaller than its predecessor, allows for an increased number of drives per system and provides higher performance and reliability while ensuring ultra-low power consumption. The product is well suited for a broad range of mainstream enterprise applications in both large enterprise data centers and small- to medium-size businesses. Offering 10,000 and 15,000-RPM performance, the drives enable mission-critical storage systems to run cooler, faster and more reliably, helping businesses reduce costs and improve efficiency.

Presented by the Minnesota High Tech Association (MHTA) in partnership with LifeScience Alley and Minnesota Technology, Inc. (MTI), the Tekne Awards annually recognize Minnesota’s best and brightest technology users and developers in innovation, development, education, commercialization and management of technology in Minnesota. A list of recipients and finalists is available online at www.tekneawards.org.

“The Tekne Awards honor companies that have realized the advantages of applying innovation to technological development here in Minnesota,” said Kate Rubin, president, MHTA. “We’re pleased to have the ability to recognize Seagate for its proven leadership and dedication to technological development, not only here at home, but across the globe.”

Award judges selected one recipient from a pool of three finalists in 16 categories, representing many facets of technological innovation in Minnesota. Award categories recognize leaders and technology businesses that are emerging (with annual revenues under $50 million) and established (with annual revenues of $50 million or more).

This year’s Tekne Awards ceremony was emceed by Paul Douglas of WCCO-TV.

About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate’s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world’s growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

About Minnesota High Tech Association (MHTA)
The Minnesota High Tech Association (MHTA) accelerates the growth, sustainability and global competitiveness of Minnesota’s technology-based economy through public policy advocacy, member collaboration and education, and community outreach. MHTA is the only membership organization that represents Minnesota’s entire technology-based economy. MHTA members include organizations of every size - involved in virtually every aspect of technology creation, production, application and education in Minnesota. MHTA works in partnership with AeA, which represents Minnesota’s technology organizations nationally. Find out more online at www.mhta.org.

Seagate and Seagate Technology are registered trademarks of Seagate Technology LLC. The Wave logo and Savvio are trademarks or registered trademarks of Seagate Technology LLC or one of its affiliates. All other trademarks or registered trademarks are the property of their respective owners. One gigabyte (GB) is equal to one billion bytes and one terabyte (TB) is equal to 1,000 gigabytes when referring to hard drive capacity. Computer operating systems may use different standards of measurement and report lower capacity. In addition, some of the listed capacity is used for formatting and other functions, and thus, will not be available for data storage.