Dec 17, 2008

Seagate Is First Hard Drive Company To Achieve European Union's Authorised Economic Operator Status

Seagate (NASDAQ:STX) has become one of the first companies – and the first hard drive company – to be certified as an Authorised Economic Operator (AEO) in the European Union (EU). This status means that customs authorities across the EU’s 27 member states will accept Seagate as a reliable and compliant operator and, as a result, the company will be able to benefit not only from simplifications provided for under the customs rules but also from facilitations with regard to customs controls relating to safety and security. AEO status will also give Seagate’s consignments priority at customs checks in the US and Asia. Seagate has achieved the most comprehensive level of certification; Full AEO or AEOF.

“We are delighted to be among the first companies to be certified as an AEO,” said David Blum, senior international trade manager EMEA, Seagate. “Certification is an endorsement of the quality of our supply chain systems, controls and integrity. It should allow us to have easier passage of our goods both into and within the EU, and to better serve our customers. As we move forward, we believe that AEO status will become a competitive requirement as certified companies will favour doing business with other certified operators.”

The AEO regime is part of a series of measures introduced by the EU to tighten security around goods crossing international borders. The measures have been designed to deliver faster and better-targeted border checks with results that provide benefits for customs authorities, the public and for industry.

Seagate is the worldwide leader in the design, manufacture and marketing of hard disk drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, and Consumer Solutions. Seagate’s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader 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 http://www.seagate.com

Copyright © 2008 Seagate Technology LLC. All rights reserved. Printed in USA. Seagate, Seagate Technology, and the Wave logo are trademarks or registered trademarks of Seagate Technology LLC or its affiliates in the United States and/or other countries. Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC 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.

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