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4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Promise Technology Inc    3057   TW0003057006

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Promise Technology Inc : PROMISE Technology’s VTrak Storage Subsystems Help CERN Face its Storage Challenges

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03/04/2013 | 09:58am CET

Press Releases

PROMISE Technology's VTrak Storage Subsystems Help CERN Face its Storage Challenges

3/4/2013

New Case Study Published by PROMISE Technology Details How VTrak Delivers the Flexibility and Reliability to Meet the Storage Challenges Facing CERN

HSINCHU, Taiwan/SON, Netherlands - March 5, 2013 - PROMISE Technology, Inc., creator of tailor made storage solutions to meet the specific requirements in a vertical market, announces the availability of a new case study outlining the deployment of over 200 PROMISE VTrak storage subsystems (as of 2012) at CERN, the European Organization for Nuclear Research. CERN is one of the largest and most respected scientific research centers in the world and is home to the Large Hadron Collider (LHC), the world's largest and highest energy particle accelerator that is used to study fundamental forms of energy and matter to further increase human knowledge of the universe.

To help tackle the challenge of providing storage capacity for the tremendous amount of data generated annually by the fascinating research at CERN, including 25 Petabytes each year from the LHC, CERN IT requires storage solutions that are flexible, reliable, and minimize the complexity of hardware deployment and operation. Additionally, power efficiency is a critical component as CERN IT must match the growing demand for more disk capacity with the electric power and cooling available for the equipment. PROMISE Technology was able to fulfill the requirements of both CERN and their suppliers with the Promise VTrak J830s.

"During a significant two-year deployment ramp-up, the flexibility and reliability provided by the PROMISE VTrak J830s units met our expectations," said Olof Bärring, Technical Responsible for Procurement of Servers and Storage, IT Department, at CERN. "We are able to use them both for our bulk storage as well as in high availability configurations for critical services."

"PROMISE is thrilled to release this success story regarding the VTrak deployment at CERN," said John van den Elzen, Managing Director of PROMISE Technology EMEA. "CERN has an outstanding tradition of excellence and we are very excited that our VTrak solution is a part of the storage infrastructure that helps facilitate some of the most incredible research in the world. We are proud that we are able to work together with the value add partners who are standing close to CERN and help us to develop the most outstanding storage solutions."

To learn more about CERN's deployment of PROMISE VTrak storage subsystems and to download a copy of the customer success story, please visit www.promise.com/CERN.

PROMISE will be showcasing its complete portfolio of storage solutions, including VTrak, during CeBIT 2013 from March 5 - 9 in Hannover, Germany. Attendees can visit PROMISE at Hall 2, Stand B54.

ABOUT PROMISE TECHNOLOGY, INC.
PROMISE Technology is a recognized global leader in storage industry and the leading innovator in RAID technology providing a complete range of vertically integrated storage solutions targeting data center, cloud, surveillance, rich media markets and much more. Catering to enterprise, mid-range, entry-level and consumer data management needs, PROMISE products are distinguished by their Unified Common RAID Core, management software and unparalleled support. PROMISE Technology is an ISO-9001:2008 and ISO-14001:2004 certified manufacturer with sales and support teams and operations throughout the Americas, EMEA, and APAC regions, providing unparalleled service and support to customers around the globe. For more information, visit PROMISE Technology's website at www.promise.com

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© 2012 PROMISE Technology, Inc. All Rights Reserved. PROMISE, the PROMISE logo, VTrak, SmartStor, SuperTrak, FastTrak, VessRAID, Vess, PerfectPATH, PerfectRAID, SATA150, ULTRA133 VTrak S3000, BackTrak, HyperCache, HyperCache-R, HyperCache-W, DeltaScan, GreenRAID, Pegasus and SANLink are registered or pending trademarks of PROMISE Technology, Inc. in the U.S. and other countries. All other trademarks are the property of their respective owners. Information regarding products, services and offerings may be superseded by subsequent documents and are subject to change without notice. For the latest information and specifications regarding PROMISE Technology, Inc. and any of its offerings or services, please contact your local PROMISE office or the corporate headquarters.

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MEDIA CONTACTS:

  • The Americas: Ya-Ping Hsu at ya-ping.hsu@tw.promise.com or by phone at ++886-910-901201
  • EMEA: Sophie Sun at sophie.sun@eu.promise.com or by phone at +31 (0) 40 235 2604       or

Dennis Lamers at dennis.lamers@eu.promise.com or by phone at +31 (0) 40 235 2614

  • Japan: Ushio Koida at ushio.koida@jp.promise.com or by phone at +81 3 6801-8064
  • Taiwan: Chris Chou at chris.chou@tw.promise.com or by phone at +886 3 5782395 ext. 8852
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Financials ( TWD)
Sales 2016 2 676 M
EBIT 2016 -153 M
Net income 2016 -174 M
Finance 2016 665 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 707,32
EV / Sales 2016 0,63x
EV / Sales 2017 0,59x
Capitalization 2 353 M
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Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 12,8  TWD
Spread / Average Target -12%
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Managers
NameTitle
Chih En Li Chairman & General Manager
Jo Han Chen Chief Finance Officer
Chou Chieh Huang Director
Shuang Jen Chou Director
Han Chang Chang Director & Deputy General Manager
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