QUANTUM APPOINTS JOHN PARTRIDGE TO BOARD OF DIRECTORS
SAN JOSE, Calif., March 3, 2005 -- Quantum Corp. (NYSE:DSS), a global leader in storage, today announced that John Partridge, president and CEO of Inovant LLC., a Visa Solutions Company, has been appointed to Quantum's board of directors, effective February 27, 2005. Partridge has over 25 years of management and operational experience and has held a number of senior positions in information technology during his career.
"John runs one of the largest transaction processing companies in the world and knows first-hand the challenges and opportunities in the enterprise storage market," said Rick Belluzzo, chairman and CEO of Quantum. "I look forward to drawing on his experience and expertise as we further extend Quantum's leadership in helping customers meet their backup, recovery and archive needs."
Partridge joined Visa in 1999 to lead the transformation of its Shared Services Organization into Inovant, a wholly-owned commercial subsidiary. At Inovant, Partridge has led major efforts to diversify its corporate footprint and create new centers of excellence for emerging technologies and e-commerce. During his tenure, the company has also developed a reputation for excellent customer service and industry-leading best practices.
Prior to Inovant, Partridge served as senior vice president and chief information officer of Unum Corporation, a $4.3 billion disability insurance company. Before Unum, he held senior positions at Banco de Credito del Peru, both in Peru and the United States, and spent 10 years at Wells Fargo Bank.
In addition to serving on Quantum's board of directors, Partridge also sits on the boards of Inovant and Delta Dental.
About Quantum
Quantum Corp. (NYSE:DSS), a global leader in storage, delivers highly reliable backup, recovery and archive solutions that meet demanding requirements for data integrity and availability with superior price/performance and comprehensive service and support. Quantum offers customers of all sizes an unparalleled range of solutions, from leading tape drive and media technologies, autoloaders and libraries to disk-based backup systems. Quantum is the world's largest volume supplier of both tape drives and tape automation and has pioneered the development of disk-based systems optimized for backup and recovery. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110-1382, (408) 944-4000, www.quantum.com.
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"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, without limitation, statements relating to 1) the benefits to Quantum of John Partridge's appointment to the Quantum board and 2) Quantum's future leadership position, are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties. As a result, actual results may differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially from those described herein include, but are not limited to the length of Mr. Partridge's service on our Board of Directors, our ability to successfully execute to our product roadmaps and timely ship our products, the ability of competitors to introduce new products that compete more successfully with our products, and changes in market conditions and in the role of tape. More detailed information about these risk factors, and additional risk factors, are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Risk Factors," on pages 38 to 49 in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 2, 2005 and pages 38 to 49 in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 14, 2004; and those described in any subsequently filed reports. Such reports contain and identify important factors that could cause actual events and results to differ materially from those contained in our projections or forward-looking statement. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.