storagetek Partners with industry leaders for next generation tape drive media

StorageTek Inks Media Development Agreements with Fujifilm and Imation
to Advance Information Lifecycle Management(tm) Strategy ~ LOUISVILLE, Colo. - November 13, 2003 - In today's technology marketplace, to be the best, one has to partner with the best. Customers look to StorageTek® for the highest standards of quality, reliability and performance in enterprise tape storage solutions. In turn, StorageTek looks to its valued technology partners for world-class tape media support.

StorageTek® (Storage Technology Corporation, NYSE:STK), the storage services and solutions expert, today announced joint development agreements with Fuji Photo Film Co., Ltd. (FUJIY) and Imation (NYSE:IMN), to develop next-generation tape media for StorageTek manufactured tape drives. Under these agreements, Fujifilm and Imation will work independently to develop media to support StorageTek's premier, enterprise-class tape drive offerings.

"Our ability to provide our customers with a wide breadth of advanced tape automation solutions is one of the key components of our Information Lifecycle Management(tm) strategy," said Gary Francis, corporate vice president and general manager, Automated Tape Solutions, StorageTek. "Our alliances with Imation and Fujifilm will provide us with two innovative tape suppliers. The combination of best-in-class tape drives and media will allow StorageTek to extend its industry-leading position."

StorageTek's current and future-generation tape drive technology will continue to provide the most flexible and robust tape storage foundation to protect and manage customers' critical information repositories. As an industry-leading provider of storage solutions spanning tape, disk, software and networking solutions, StorageTek continues to advance its Information Lifecycle Management strategy via extensive research and development initiatives and key technology partnerships with recognized industry leaders.

"StorageTek's selection of Fujifilm is another key endorsement of our proprietary NANOCUBIC(tm) technology, which is designed to offer industry-leading performance, capacity and reliability that enterprise customers require," said Steven Solomon, senior vice president and general manager, Computer Products Division, Fuji Photo Film U.S.A., Inc. "Our rich expertise and pioneering developments in advanced storage media will enable us to complement StorageTek's next-generation tape drive technology with an equally compelling media solution that ultimately extends the value of customers' tape storage investments."

"Imation is the only company in the world focused exclusively on removable data storage media, and we are proud StorageTek has again placed its trust in our experience and expertise to develop the advanced tape media technology to support its next-generation tape drive offerings," said Frank Russomanno, president of data storage and information management, Imation. "As a longstanding media development partner for StorageTek's T9X40 tape drive family, we have an established reputation for manufacturing premium tape media products, and are well positioned to support StorageTek's next-generation tape drive to provide best-in-class tape drives and media to all our global customers."

Ken Saunders
Hill & Knowlton
+44 (0)207 413 3193

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