Dec 26, 2007

Seagate's DB35 Series™ 7200.3 Hard Drive Boosts Performance and Reliability of Celrun IPTV Set-Top Box

SEOUL, Korea - Seagate Technology (NYSE: STX), the world’s number one hard disk drive manufacturer, announced today that the company’s industry-leading DB35 Series™ 7200.3 hard drives have been incorporated into Celrun’s TD910H IPTV set-top boxes for enhanced delivery, performance and reliability of digital content.

The DB35 Series 7200.3 hard drive is part of Seagate’s DB35 Series drives built on perpendicular recording technology to offer the industry’s most comprehensive feature set for high-definition video content services. DB35 Series 7200.3 hard drives feature DynaPlay™ Technology to address many challenges specific to consumer electronics applications such as power consumption, video streaming performance, acoustics and reliability.

“Consumers continue to drive the changes in the way entertainment is distributed and enjoyed and the entertainment ecosystem is responding with new ways to deliver to the consumers’ convenience, choice and control, such as through services and devices like IPTV set-top boxes to feed the growing need for digital storage,” said Brian Wickman, executive director of Seagate Technology in Korea. “South Korea is ranked as one of the world’s top broadband markets with a household penetration of about 85% and Seagate is addressing the increasing need to help enhance the digital experience of end-users with optimized performance of our hard drives.”

“We’re seeing dynamic growth and interest for IPTV in South Korea as today’s consumers are increasingly demanding digital content as and when they want it,” said Byungjoo Lee, vice president of Marketing of Celrun Co., Ltd. “With greater access to digital content via the Internet, consumers are looking for quality entertainment devices to enhance their experience. The TD910H set-top box, with Seagate’s hallmark hard drive performance, reliability and service warranty, is well-positioned to deliver on these demands.”

Celrun is a leading Korean IP set-top box manufacturer and supplier of the end-to-end IPTV/VOD solution to HanaTV, the television arm of South Korea’s number two provider of high-speed Internet access, Hanaro Telecoms.

HanaTV reported 700,000 subscribers at the end of Q3 2007, indicated a daily subscriber growth rate of 3,000 and projected it will recruit up to 1,000,000 users by Q1 20081.

Celrun’s new TD910H IPTV set-top box for HanaTV is designed and developed in accordance with the stringent requirements of the television station, delivering consumers up to 80GB of storage capacity, quiet operation, enhanced media recording streaming capabilities and robust performance at temperatures beyond the normal range.

About Celrun
Celrun Co., Ltd. (Kospi:013240) is a diversified IP set top box manufacturer and end-to-end IPTV/VOD solution provider developing IPTV solutions for various market segments. Since its inception in 1999, the company has been enjoying a market-leading position in the IPTV industry by deploying more than 800,000 units of IP set-top boxes. Headquartered in Seoul, Korea, Celrun currently has 160 employees, with revenues of over 100 million USD in 2006. Celrun invests 60% of its resources in Research and Development, serving top-tier customers worldwide, and focusing on providing cutting-edge communication solutions. Further information is available at http://www.celrun.com/eng/.

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.

Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. DB35 Series and DynaPlay are either trademarks or registered trademarks of Seagate Technology LLC or one of its affiliated companies in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to hard drive capacity, one gigabyte, or GB, equals one billion bytes and one terabyte, or TB, equals one trillion bytes. Your computer’s operating system may use a different standard of measurement and report a 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. Quantitative usage examples for various applications are for illustrative purposes. Actual quantities will vary based on various factors, including file size, file format, features and application software. Seagate reserves the right to change, without notice, product offerings or specifications.

1 Parks Associates, IPTV: From Quadruple Play to Multiplay, Q2 2007.