Sep 19, 2006

Seagate Wins Prestigious 2006 Wall Street Journal Technology Innovation Award

Seagate Technology (NYSE: STX) today announced it has been selected as the winner of the 2006 Wall Street Journal Technology Innovation Award in the category of Technology Design. The award, selected from a field of over 600 applicants in approximately two dozen countries, recognized Seagate for its design innovation and implementation of perpendicular recording technology in hard disc drives.

Perpendicular recording technology has enabled a dramatic increase in the amount of information that can be stored. Seagate was first to release products using perpendicular recording for use in consumer, hand-held, enterprise, PC and notebook applications, and the entire hard drive industry is expected to follow suit. Advances made in perpendicular recording have not only enabled capacity and performance increases required by today's digital devices, but are helping enable the creation of entirely new categories of devices.

Perpendicular recording reads and writes data bits on the disc vertically, rather than horizontally, which enables more information to be stored in the same space. Seagate scientists and engineers hold well over 100 patents on various aspects of perpendicular recording technology.

Bill Watkins, Seagate CEO, commented, "Seagate is honored by this prestigious Wall Street Journal award and views it as a testimony of the strength and commitment of our employees around the world. The advances from perpendicular recording are helping create solutions that have changed the way people create, share, store and protect their digital information. Seagate will strive to always lead at the forefront of technology by developing the necessary solutions for tomorrow's storage needs."

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.

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