Aug 28, 2001

Seagate and StorageTek Team Up to Deliver Tomorrow's Enterprise-Class Storage Solutions

SCOTTS VALLEY, Calif. - To satisfy the industry demand for increased storage capacity, ease of data manageability and unsurpassed performance, Seagate and StorageTek have extended their current relationship to continue delivering solutions for both mid-range systems and future enterprise-class offerings. As part of the ongoing relationship, StorageTek will integrate Seagate's second-generation Cheetah X15 36LP disc drive into its mid-range disc product family, delivering the unmatched transaction-processing performance and reliability that come from the world's fastest disc drive. StorageTek and Seagate are currently working together to include the Cheetah X15 36LP drive in StorageTek's 9176 disc storage system for Q3 2001 availability. Future enterprise-class StorageTek solutions using Seagate's Cheetah X15 36LP are currently being evaluated.

"Our customers use StorageTek solutions for business-critical applications where the number of transactions per second is always being pushed, and the systems need to stay running reliably in 24 x 7 x forever environments," said Tim Steadman, StorageTek vice president, Disk Business Unit. "These tasks are too important to use just any drive, especially where reliability is concerned. As a result, StorageTek has chosen to implement Seagate's Cheetah X15 36LP that has the field-proven performance and reliability our customers require to ensure they get the best overall storage solutions available."

"Seagate and StorageTek are both strongly customer-focused and drive toward excellence in product design, market delivery, and service," said Joel Stead, Seagate senior vice president, Worldwide Sales and Marketing. "Maintaining this commitment is important, especially as the demand for storage continues to grow with both new and existing customers. Seagate looks forward to a continued, long-lasting relationship with StorageTek."

"Seagate has met StorageTek's supplier requirements for innovation, quality, and responsiveness. Our organizations have had a long history of working together to provide the best quality available in our industry," said Issa Srouji, sourcing manager at StorageTek. "We are pleased to strengthen this relationship with the integration of Seagate's Cheetah X15 36LP disc drives into StorageTek's leading solutions."

For more information about StorageTek's range of enterprise storage solutions, visit www.storagetek.com. For more information about Seagate and its family of enterprise disc drive products, visit www.seagate.com.

About the Cheetah X15 36LP
The Cheetah X15 36LP is the world's fastest disc drive, operating at 15K rpm and delivering high transaction processing performance for servers and professional workstations. With its low 3.6-msec seek times, latencies of 2.0 msec and the ability to deliver up to 69 Mbytes-per-second formatted transfer rates, the Cheetah X15 36LP sets new enterprise performance standards. The Cheetah X15 36LP is offered in leading Ultra160 SCSI, Ultra320 SCSI and 2-Gbit Fibre Channel interfaces and is backed by a 5-year warranty.

About StorageTek
StorageTek (NYSE:STK), a $2 billion worldwide company with headquarters in Louisville, Colo., delivers a broad range of storage solutions for digitized data. StorageTek solutions are easy to manage and allow universal access to data across servers, media types and storage networks. StorageTek is the innovator and global leader in virtual storage solutions for tape automation, disk storage systems and storage networking. Because of StorageTek, customers can manage and leverage their digital assets as their businesses grow and can maximize IT productivity to ensure enterprise-class business continuity. For more information, see www.storagetek.com, or call 1.800.786.7835.

About Seagate Technology
Seagate is the world's leading provider of storage technology for Internet, business and consumer applications. The Company's products include disc drives for the Enterprise, PCs and Consumer Electronics, as well as Storage Area Network (SAN) solutions and Server Appliances. Seagate's market leadership is based on delivering 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 and Seagate Technology are registered trademarks of Seagate Technology LLC. Cheetah is a registered trademark of Seagate Technology LLC or one of its affiliate companies. All other trademarks are the property of their respective owners.