Overland Storage Announces LTO4

SAN DIEGO -- Overland Storage, Inc. (NASDAQ: OVRL), a leading provider of tape- and disk-based backup and recovery solutions, has announced that its NEO Series and ARCvault families of tape automation will use HP fourth-generation linear open-tape drives, known as LTO4.

"HP was chosen as Overland's LTO4 tape drive supplier due to the relationship that exists between the two companies and HP's leadership in the LTO tape drive market," said Scott McClendon, interim president and CEO of Overland Storage.

Additionally, HP LTO4 tape drives, which offer device-level encryption, improved performance, and higher capacity than previous LTO generations, will be integrated into the HP StorageWorks MSL6000 tape libraries manufactured by Overland under an OEM contract.

"HP values its relationship with Overland both as a supplier for the HP StorageWorks MSL line and as a customer of our tape drives," said Bob Wilson, vice president, Nearline, StorageWorks Division, HP. "We look forward to supporting Overland in introducing LTO4 tape drive technology in their products."

Overland Storage Inc.