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Imation Extends Commitment to ProStor Systems and RDX Removable Hard Disk Format

March 15, 2010 by · Comments Off on Imation Extends Commitment to ProStor Systems and RDX Removable Hard Disk Format 

Web Hosting ToolsOAKDALE, MN and BOULDER, CO – Imation Corp. (NYSE: IMN), a global leader in removable data storage and a founding member of the RDX Storage Alliance, together with ProStor Systems, the leader in enterprise-class removable disk storage systems for business backup, archiving, and long-term data retention and management, today announced Imation has extended its RDX® license agreement with ProStor Systems. Under the terms of the agreement, Imation will have a license to manufacture, market and sell RDX removable hard disk systems through 2020. Further underscoring the company’s commitment, Imation also announced that it has invested $5 million to help advance ProStor’s technology.

“Removable hard disk storage, which addresses the need for cost-effective, scalable storage for small and medium businesses, is a fast-growing and important segment of the data storage market. The RDX system is clearly the industry standard for removable hard disk storage,” said Subodh Kulkarni, chief technology officer and senior vice president of the global commercial business for Imation. “Through our extended licensing agreement with ProStor Systems, we are demonstrating our commitment to the RDX solution, and to our customers worldwide who want the combined benefits of disk and tape that RDX offers. We are enthusiastic about ProStor Systems’ roadmap for RDX, and are investing in the technology to help drive the development of new RDX offerings for our customers.”
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