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Product To Be Marketed Under New Iomega DataSafe Brand

MILPITAS, Calif. and ROY, Utah, March 27, 2001 — Maxtor Corporation (NASDAQ: MXTR) and Iomega Corporation (NYSE: IOM) today announced their co-operation in releasing a new line of NAS servers incorporating Windows 2000 technology. Available under the new Iomega DataSafe brand, the new server combines Maxtor’s NAS technology with Iomega’s QuikSync software to offer quick and easy backup and centralised storage for an acquisition cost as low as $0.016 cents a megabyte.

“By partnering with Iomega, Maxtor extends the solution set and the customer base for our NAS architecture," said Victor Jipson, president, Maxtor’s Network Systems Group. "Iomega has made substantial investments in both sales and field support to big business, and their QuikSync software is a rapidly growing, corporate favorite application. Maxtor will continue to sell NAS servers under our own MaxAttach brand, but Iomega will accelerate the acceptance of our hardware and software with new accounts. This is a win-win for both companies."

“Iomega’s new line of DataSafe NAS servers is exciting news for the enterprise channel,” said Doug Collier, senior vice president, marketing and product management, Iomega Corporation. “Businesses know the importance of managing and protecting their critical data; the challenge has been to integrate cost-effective, scalable solutions. By partnering with Maxtor, we can now help protect critical client data on a RAID-based NAS server at a far lower cost than with traditional servers.”
Iomega expects to ship its DataSafe NAS servers in the second quarter of 2001. DataSafe 320GB NAS servers will have a suggested price of $4,999 and include a 50-seat license for QuikSync 3 automatic client backup software. DataSafe 160GB NAS servers will have a suggested price of $3,299 and include a 20-seat QuikSync 3 software license.

About Iomega DataSafe NAS file servers
Iomega’s DataSafe family of NAS file servers, with Maxtor as key supplier, is interoperable with Windows, Linux/UNIX, Macintosh and NetWare clients and can be monitored remotely through simple network management protocol (SNMP). DataSafe NAS file servers install in less than 10 minutes with no network downtime and provide centralised management through a familiar, easy-to-use graphical user interface (GUI). Three of the 1U (1.75 inch high), 320GB file servers hold nearly one terabyte of data in just five and a quarter inches of industry-standard rack space. All DataSafe NAS file servers provide network status reporting, automatic e-mail alerts and RAID 0, 1 and 5 redundancy for data protection. Features such as dual 10/100 Ethernet ports, Gigabit Ethernet (320GB model), multiple fans, a journaling file system and integrated UPS support ensure high performance, system availability and fault tolerance.

About Maxtor
Maxtor Corporation is a leading supplier of information storage solutions. The company's current hard drive products include the award-winning DiamondMax and DiamondMax Plus line of products for mainstream and high-performance personal computers and consumer electronics applications, as well as the DiamondMax VL line for entry-level PCs. Maxtor also offers a new 1394 External Storage™ solution and the MaxAttach™ family of network-attached storage servers.
Maxtor's leadership position has been built by consistently providing leadership products, and by delivering high levels of quality and support for its customers. More information about Maxtor and its products can be found at www.maxtor.com or by calling toll-free (800) 2-MAXTOR. Maxtor is traded on NASDAQ under the MXTR symbol.


About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip, Jaz and PocketZip drives and disks, the HipZip™ digital audio player, the FotoShow digital image center, LifeWorks software, and Iomega QuikSync™ software; Iomega also markets Iomega CD-RW drives and Iomega Microdrive. Iomega’s products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com.

The statements contained in this release regarding development, production and distribution of NAS servers, anticipated product pricing and availability, expected product performance and specifications, future applications for the new product and all other statements that are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon information available to Maxtor or Iomega as of the date hereof, and Maxtor and Iomega disclaim any intention or obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of product development and testing, market acceptance of, the success of the partnership with Maxtor and demand for, Iomega NAS servers, any difficulties encountered in ramping!
up production or other manufacturing issues, including component availability and pricing, co-development, production, and distribution issues, product pricing and conformity to specifications, dependence upon third party suppliers, competition, intellectual property rights and other risks and uncertainties identified in the reports filed from time to time by Maxtor or Iomega with the U.S. Securities and Exchange Commission , including Maxtor's and Iomega's most recent filings of on forms 10-K and 10-Q.

Maxtor, the Maxtor logo and DiamondMax are registered trademarks of Maxtor Corporation. MaxAttach and 1394 External Storage are trademarks of Maxtor Corporation. Iomega, Zip, Jaz, PocketZip, HipZip, FotoShow, QuikSync and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

CONTACT:

Maxtor EMEA
Annie Bernard
Customer Marketing Coordinator
Tel: +33 (0)1 64 53 24 18
e-mail : annie_bernard@maxtor.com

MCC International
Stephen Humphrey/Nicola Welch
Tel: +44 (0) 1962 888100
Fax: +44 (0) 1962 888125
Fax: +33 (0)1 69 32 04 10
nicola.welch@mccint.com
stephen.humphrey@mccint.com

Iomega Media Contact
Chris Romoser
(801) 332-3678
omoser@iomega.com

Iomega Investor Relations Contact:
Jim Recob
(801) 332-4430
recob@iomega.com

This press release was distributed by ResponseSource Press Release Wire on behalf of MCC International Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.