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Article: OVERLAND DATA: Overland sells 9-track tape product to Georgens Industries.
- Article from:
- M2 Presswire
- Article date:
- October 6, 1999
CopyrightCOPYRIGHT 1999 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-6 October 1999-OVERLAND DATA: Overland sells 9-track tape product to Georgens Industries (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:041099
SAN DIEGO, California -- Overland Data, Inc. (NASDAQ: OVRL), a technology leader in data storage and backup products, announced today that it has signed an agreement with Georgens Industries Inc., under which Georgens will acquire the Model 5622 tape drive product. This 9-track IBM legacy drive, which was discontinued by Overland in June 1999, provides for data interchange between mainframes and PCs.
While specifics of the agreement between the two companies were not disclosed, the agreement gives Georgens full rights ...