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
