SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
February 28, 2005
DELAWARE 1-13616 02-045093
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
11 Riverside Street, Nashua, NH 03062-1373
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(Address of Principal Executive Offices) (Zip Code)
(603) 880-3005
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Registrant's telephone number, including area code:
Item 1.01. Entry into a Material Definitive Agreement
On February 23, 2005 the Company issued a press release announcing that it had reached agreement with Tokyo based TechnoGraphy Inc. on an exclusive distribution agreement covering all Japan based OEM, System Integrators, and VAR accounts. This agreement includes Storage Computer's current CyberNas, iCyberSTOR, and CyberVSA software products, as well as, several new products under development. The initial 3 year agreement is subject to performance metrics, and is renewable automatically with performance metric achievements.
Exhibit
Number Description
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99.1 Press Release dated February 23, 2005 titled "STORAGE COMPUTER IN
NEW JAPAN DISTRIBUTION AGREEMENT.
TechnoGraphy named as Exclusive Japan Distributor in new 3 Year Deal
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 28, 2005 STORAGE COMPUTER CORPORATION
By: /s/ Michael J. O'Donnell
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Name: Michael J. O'Donnell
Title: Chief Financial Officer
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Exhibit 99.1
Storage Computer in New Japan Distribution Agreement; TechnoGraphy named as Exclusive Japan Distributor in new 3 Year Deal
NASHUA, N.H.--(BUSINESS WIRE)--Feb. 23, 2005--Storage Computer
Corporation (OTC:SOSO), (www.storage.com), a provider of
high-performance storage management software systems, today announced
that it has reached agreement with Tokyo based TechnoGraphy Inc. on an
exclusive distribution agreement covering all Japan based OEM, System
Integrators, and VAR accounts. The agreement includes Storage
Computer's current CyberNAS, iCyberSTOR, and CyberVSA software
products, as well as, several new products under development. The
initial 3 year agreement is subject to performance metrics, and is
renewable automatically with performance metrics achievements.
Storage Computer renewed its relationship with TechnoGraphy in
August 2004. TGI was Storage Computer's most successful distributor
between 1992 and 1998, selling over 1,000 RAID 7 systems in Japan, and
accounting for 25% of total SCC sales over those years.
Shigeho Inaoka, the Founder and President of TGI, has long been a
high visibility player in the Japanese computer market serving as
Sales Manager of Digital Equipment (DEC Japan), CEO of Apollo Computer
Japan (driving the company from zero to $80,000,000 sales before HP's
acquisition of Apollo), and President of Sony Computer Systems before
venturing out on his own with TechnoGraphy in 1992. Inaoka served on
the Board of Directors of Storage Computer from 1993 to 1998.
TGI has strong technical skills capable of selling and supporting
all of Storage Computer's products. In addition, TGI has long and deep
relationships with many Japanese computer manufacturers like Fujitsu
and Hitachi and also major Systems Integrators like C.Itoh Techno
Science, Inc,.(CTC), Tokyo Electron LTC. and many national accounts.
As far as Advanced Technology and Systems Co. (ADTX), S. Inaoka
mentioned he has made an OEM contract with them in selling the
CyberNAS/iCyberSTOR/VSA softwares on their own hardware effective date
on Feb 18 in 2005.
And also S. Inaoka says that TGI has agreed with ADTX and NetMarks
to mutual development of unique and the next generation of high speed
NAS system.
This high performance NAS system consists of that disk system
which is manufactured by ADTX is provided and NAS software with
CyberNAS/iCyberSTOR and CyberVSA to be developed by Storage Computer
Corp (SCC) is provided TGI and will be sold with 10G Ethernet NIC/HB
sold by NetMarks and Layer Z switched made by Fujitsu.
S. Inaoka says we are very exciting to launch out in working
together three of us and he is expecting to make revenue about $20M
through them and our end users opportunities.
Storage Computer maintained an exclusive representation agreement
for Japan with TechnoGraphy from 1992 to 2001which greatly benefited
both companies.
About TechnoGraphy Inc (Japan)
TechnoGraphy Inc, is a privately held company founded in 1992 and based in Tokyo. Inaoka served on the Board of Directors of Storage Computer from 1993 to 1998. http://www.tgi.co.jp/
About Advanced Technology and Systems Co. Ltd. (Japan)
ADTX, headquartered in Tokyo, Japan with U.S. and European
operations located in Irvine, Calif., is a leader in the development
and manufacturing of high quality and affordable data storage products
such as RAID systems, mirror drives and multimedia storage devices.
ADTX SATA RAID systems offer the "Best in Class" storage products with
fibre channel or SCSI interfaces for SAN and DAS solutions.
Development and manufacturing of the products started over 11 years
ago with one of the first IDE / ATA based RAID systems to be
introduced. ADTX has grown to become publicly traded on NASDAQ Japan
with over 200 employees worldwide and 2004 sales of over $100 Million.
Advanced Technology and Systems Co., Ltd. (ADTX) was founded in
1993 as a joint venture between IBM Japan and a group of experienced
Managers with IBM backgrounds. The objective was to provide total
storage solutions to customers by utilizing IBM Japan's many years of
experience in the manufacture of hard disks and other devices. The
Company's charter was to engineer and market the highest quality
storage and storage related products. ADTX has expanded and now
includes locations in Yokohama (HQ), Tokyo, Philippines (Cebu City),
China (Beijing, Shanghai and Guangzhou) and a United States facility
in Irvine, California.
According to Japan ATA/SATA Disk Storage Systems 2005-2008
Forecast and 2004 Review published by IDC Japan, ADTX is the leader
based on terabytes shipped and revenue earned for the first six months
of 2004. Additional results from this report show that; in Japan, not
only did ADTX have the best figures for terabyte shipments and revenue
for the first half of 2004, but ADTX held the highest ATA/SATA system
based revenue for the entire year of 2003 as well.
http://www.adtx.com/us
About NETMARKS INC. (Japan)
NETMARKS INC is a publicly held company established March 18, 1997
and listed on the Tokyo Stock Exchange second section. Stakeholders
include SUMITOMO ELECTRIC INDUSTRIES,LTD., Nomura Research Institute,
Ltd., SUMITOMO DENSETSU CO,LTD, Internet Inituative Japan Inc. TIS
Inc. , and Employees stock ownership association. The Company employs
over 800 worldwide with Sales Offices Tokyo (Akasaka headquarters,
Shinagawa support center), Osaka, Nagoya, Fukuoka, Sapporo, Hiroshima,
Sendai,Naha Overseas Offices Jakarta, Manila, Bangkok, Singapore, and
Shanghai. Consolidated Subsidiaries NETMARKS SUPPORT AND SERVICE INC.,
S&I Co.,Ltd., and STERNET Co.,Ltd.
Having large expertise and experience, Netmarks delivers state of
the art solutions with high quality consulting, integration and
support services. Our goal is to enable our clients to maximize the
opportunities that new technologies bring. Under our corporate brand
slogan of "We are here.", Netmarks consistently provides world class
professional service and solutions to help customers to achieve their
strategic goal. Covering all the aspects of network integration,
Netmarks extends its business area to value added services such as
network security and storage integration and network management
outsourcing service. http://www.netmarks.co.jp/english
About Storage Computer Corporation
Storage Computer Corporation (OTC:SOSO): Pioneers in RAID technology, Storage Computer Corporation is a provider of high performance storage software solutions focused on developing advanced storage architectures to address the emerging needs of high-bandwidth and other "performance-impaired" applications. Storage Computer's technology supports a variety of applications including advanced database activities, wide area networked storage and sophisticated business continuity topologies http://www.storage.com.
Forward-Looking Statements. This press release contains
forward-looking statements to future events or future financial
performance that involves risks and uncertainties. The forward-looking
statements in this press release address a variety of subjects,
including without limitation, future business prospects and products.
These statements are made pursuant to the safe harbor provisions of
Section 21E of the Securities Exchange Act of 1934. These statements
are only predictions and actual results could differ materially from
those anticipated in these statements based upon a number of factors
including those uncertainties and risk factors detailed from time to
time in reports filed by Storage Computer Corporation with the
Securities and Exchange Commission, including our most recent reports
on Form 10-K and 10-Q.
CONTACT: Storage Computer Corporation
Michael J. O'Donnell, 603-880-3005