Seagate Technology and DensBits Technologies Ltd. have announced a strategic agreement for the development of low-cost, high-performance Solid State Drives (“SSD”) for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits.
Seagate and DensBits are joining forces, to develop future products that are intended to provide customers with significant cost savings, extremely high reliability, and unparalleled performance. Under the agreement, DensBits’ Memory Modem controller technology will be integrated with Seagate’s various storage technologies to power a wide range of consumer and enterprise applications including 3 bits/cell (“TLC”) 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell (“MLC”) 1Xnm Flash-based enterprise-grade SSD.
For the last 30 years, Seagate has delivered technology and product innovation to become the global leader in storage solutions, from high-end enterprise drives to solid-state hybrid drives stated by Rocky Pimentel, Seagate chief sales and marketing officer. Seagate is excited to be working with the talented DensBits team and believes we have a significant opportunity with our new strategic relationship to extend our leadership into the SSD market.
We are very excited at the opportunity of collaborating with Seagate stated by Ilan Hen, DensBits’ Chairman and CEO. This is yet another testament to our technology leadership, and we strongly believe that the coupling between DensBits’ unique Memory Modem controller technology and Seagate’s exceptional storage capabilities across the board could truly disrupt the industry.
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