Jun 25, 2001

Seagate RSS and Imation Expand Travan™ Tape Technology Development

Seagate Removable Storage Solutions (RSS) and Imation Corp. (NYSE: IMN), leading manufacturers of Travan technology, today announced future plans for Travan technology migration. The two companies are committed to extend existing Travan products to higher capacities, performance and unique solutions.

"With the ever increasing focus on data protection, there is a need in the marketplace for cost-effective and effortless ways to protect and backup entry-level servers," said Fara Yale, chief analyst, Gartner Dataquest. "Digital video, graphics and other storage-intensive applications could take months to replace, but can be restored from a single cartridge within minutes."

"Our market demand for notebook, workstation and entry-level server backup storage solutions continues to grow," said Larry McMannon, general manager of Seagate Removable Storage Solutions. "Travan technology is reliable and is a leader among cost-effective backup solutions for a wide range of platforms. Together with Imation, we will offer tape drives with greater capacity and increased transfer rates to meet the growing storage needs of these markets."

"Our commitment to Travan with Seagate has been an integral part of the success we have achieved with the implementation of Travan technology," said Frank Russomanno, general manager of Imation Data Storage Media and Services. "We look forward to further strengthening our relationship with Seagate as we continue to position Travan technology as a leading backup technology for small and medium businesses."

In 1995, Imation launched Travan technology and Seagate partnered with Imation to develop drives based on this technology. The Travan tape drive is a reliable, cost-effective data backup and storage solution with over 10 million drives shipped worldwide. The Travan technology is available in ATAPI/IDE, SCSI, FireWire and USB interface configurations and is compatible with Windows, Macintosh, Linux and Unix operating systems.

Travan technology, based on linear recording, represents an efficient cartridge and drive design that reduces tape stress, ensures data integrity and increases drive and cartridge reliability. Travan technology has established a solid heritage of affordability, reliability, scalability and performance. With features such as Seagate's patented FastSense, a feature that minimizes backup time by matching drive speed with the host system, Travan technology meets the growing needs of mission-critical data backup in the business server space.

Seagate's latest Travan product, TapeStor Travan Portable USB tape drive, was selected earlier this year to the exclusive WinList 100 published by Winmag.com. It joined Seagate TapeStor Travan NS 20, which was previously honored by the WinList selection. The Company has had significant success with its Travan drives receiving product awards from Windows Sources, HomePC, IDEA (Industrial Design Excellence Award), Computer Shopper, PC World UK, Mikro Datorn and PC Professional.

Imation provides a comprehensive line of Travan data cartridges with capacities up to 20 Gbytes. Imation recently introduced the Travan FireWire 20-Gbyte tape drive. This FireWire-compatible external drive solution is targeted at high end workstation users in the digital video and graphics industries.

About Seagate Removable Storage Solutions
A Seagate company, Seagate Removable Storage Solutions (RSS) is a market leader in tape backup products and data protection solutions with more than 10 million drives installed. Seagate RSS produces an extensive range of products designed to meet the backup, restore and personal external storage needs of virtually every platform from notebooks, PCs and Macintosh to enterprise servers. Seagate Removable Storage Solutions can be found around the globe and at www.seagate.com.

About Imation Corp.
A global technology company, Imation Corp. supplies a variety of products and services worldwide, specializing in data storage and information management, color management and imaging solutions. In 2000, the Company reported revenues of $1.2 billion from continuing operations. As of March 31, 2001, the Company employed approximately 4,200 people worldwide. Additional information about Imation is available on the Company's website at http://www.imation.com, or by calling Imation toll-free at 1-888-466-3456. To receive recent earnings news releases, corporate information and related shareholder services, call Imation's toll-free shareholder information line at 1-888-IMN-NYSE (1-888-466-6973).

Certain information contained in this news release, which does not relate to historical financial information may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause the Company's actual results in the future to differ materially from its historical results and those presently anticipated or projected. Among these factors are the Company's ability to meet its cost reduction and revenue growth targets, its ability to implement its restructuring program on a timely basis and to achieve the projected benefits, its ability to introduce new offerings in a timely manner, the competitive pricing environment, foreign currency fluctuations, the ability of Imation to secure adequate supply of certain high demand products, the ready availability and price of energy, the market acceptance of newly introduced product and service offerings, the rate of decline for certain existing products as well as various factors set forth in the Company's filings with the Securities and Exchange Commission.

Imation and Travan are trademarks of Imation Corp. All other trademarks are the property of their respective owners.

Seagate, Seagate Technology, and the Seagate logo are registered trademarks or trademarks of Seagate Technology LLC. Hornet, TapeStor, and FastSense are either registered trademarks or trademarks of Seagate Removable Storage Solutions LLC. Other product names are registered trademarks or trademarks of their owners. Seagate reserves the right to change, without notice, product offerings or specifications.