SAN JOSE, Calif. -- (BUSINESS WIRE) --

Two forces are driving the evolution of 21st-century computing: the need for faster speeds and the need for greater data storage. A single technology embodies both quests: the solid state drive (SSD), which, due to its extremely fast processing speed and ample storage capacity, is a disruptive technology expected to eventually replace the traditional rotating magnetic hard disk drive. SSDs enhance the overall computing experience for desktop, mobile and enterprise applications. They are both much faster than hard drives and more reliable.

OCZ Technology (NASDAQ: OCZ) is leading the SSD revolution. Founded in 2002 by 35-year-old Ryan Peterson with two partners and $80,000 in start-up capital, OCZ generated $2 million in revenue in its first year. OCZ now employs about 325 people, has just surpassed $150 million in annual revenue and is forecasting over $200 million for fiscal 2011

OCZ's products are designed to be the fastest and highest performing in the industry, and well known media reviewers rave about OCZ's products. Maximum PC Magazine awarded OCZ's Vertex 2 SSD their Highest Award and called it the "Best of the Best!" TweakTown calls OCZ's latest Vertex 2 SSD a "Must Have," and also awarded it an Editors Choice Award stating that they couldn't recommend anything other than the OCZ solution. AnandTech.com said OCZ's Vertex 2 Pro SSD is "the fastest multi-level cell solid state drive we've ever tested."

Among its customers in 30-odd countries are such players as Dell, Yahoo and Honeywell. Only three publicly traded US companies supply SSDs, and OCZ's SSD revenues grew 27% year-over-year for the latest quarter in a market predicted to grow to $11 billion by 2015. Its nearest competitor has a market cap of roughly $790 million and last year reported revenues of $354 million. OCZ has a market cap of just under $51.9 million and reported revenues of almost $144 million in its most recent fiscal year. It the only SSD play that isn't played out.

Desktop users, gaming hobbyists, cloud computing specialists, and many others are reaping the rewards of a new era in computing, an era helmed by companies such as OCZ. For more information, visit ocztechnology.com.

This is not complete information. Please go to www.sec.gov for corporate filings.

CONTACT:

Investor Relations Group for OCZ Technology Group Inc.
Michael Graff, 212-825-3210