ALISO VIEJO, Calif., Jan. 26, 2005 (PRIMEZONE) -- Employees of QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), have made donations totaling $200,000 to the American Red Cross International Response Fund and the U.S. Fund for UNICEF (United Nations Children's Fund) to benefit victims of the recent tsunami.
The employee donations, which were matched dollar-for-dollar by the company, are being donated to provide food and safe water; healthcare and disease prevention; immediate family supplies; mental health counseling; and disaster preparedness and prevention measures for those affected by the disaster. Employees had the option of directing their donations to either of the two charities.
In recognition of Q-Logic's support of tsunami relief efforts, the American Red Cross will present the company with a Circle of Humanitarians award Friday, Jan. 28 at 2:30 p.m. Pacific Time on the QLogic campus, 26650 Aliso Viejo Parkway, Aliso Viejo, Calif.
"The American Red Cross relies on contributions from generous companies like QLogic both during times of disaster and year-round," says Skip Seitz, vice president of growth & integrated development, American Red Cross. "Through its generous financial commitments and support of both the company and its employees, QLogic furthers the humanitarian mission of the Red Cross."
In addition to supporting Red Cross tsunami recovery efforts, QLogic is also making a significant company-matched contribution to UNICEF. The money will help UNICEF address the immediate and emerging needs of children in South Asia, and will include:
-- Emergency immunization to prevent fatal childhood diseases
-- Supply of clean, safe water and provision of basic sanitation
-- Special feeding for malnourished children and pregnant women
-- Care for traumatized children
-- Protection for orphans and separated children
-- Provision of education kits and rehabilitation of schools to
ensure return of children to school as soon as possible
"The U.S. Fund for UNICEF is thankful to QLogic and its employees for its contributions on behalf of children affected by the tsunamis in South Asia," said Charles J. Lyons, president of the U.S. Fund for UNICEF. "The funds raised will be converted into assistance for those affected."
QLogic's selection of the American Red Cross and UNICEF is a result of those organizations' low operating costs, ensuring that the majority of QLogic's donation would go directly into services for victims of the tsunami.
"Since Dec. 26, we have watched in sadness over the loss of life and unimaginable devastation caused by the tsunami that struck South Asia and East Africa," said H.K. Desai, president, chief executive officer and chairman of the board, QLogic Corporation. "Our employees immediately expressed a strong desire to help, and we as a company felt the need to do our part to maximize their donations. We hope that our contributions will encourage other technology-related companies in Orange County to join us in the response effort."
Donations to the American Red Cross and UNICEF can be made through each organization's Web site. For further information, visit www.redcross.org or www.unicefusa.org.
About the American Red Cross
Governed by volunteers and supported by community donations, the American Red Cross is a nationwide network of nearly 900 field units dedicated to saving lives and helping people prevent, prepare for and respond to emergencies. Led by 1 million volunteers and 36,000 employees, the Red Cross annually mobilizes relief to families affected by more than 70,000 disasters, trains almost 12 million people in lifesaving skills and keeps U.S. military families connected worldwide. The Red Cross is the largest supplier of blood and blood products to more than 3,000 hospitals across the nation and also assists victims of international disasters and conflicts at locations worldwide. Marsha J. Evans is the President and CEO of the American Red Cross.
About UNICEF
Founded in 1946, UNICEF helps save, protect and improve the lives of children around the world through immunization, education, health care, nutrition, clean water, and sanitation. UNICEF is non-partisan and its cooperation is free of discrimination. In everything it does, the most disadvantaged children and the countries in greatest need have priority.
Powered by Qlogic
Since 1993, more than 50 million QLogic products have shipped inside servers, workstations, RAID subsystems, tape libraries, disk and tape drives. These products were delivered to small, medium and large enterprises around the world. Powering solutions from leading companies like Cisco, Dell, EMC, Fujitsu, Hitachi, HP, IBM, NEC, Network Appliance, Quantum, StorageTek and Sun Microsystems, the broad line of QLogic controller chips, host bus adapters, network switches and management software move data from storage devices through the network fabric to servers. A member of the S&P 500 and NASDAQ 100, QLogic was named to the following during fiscal year 2004: (i) Fortune magazine's 100 Fastest Growing Companies list for the fourth consecutive year; (ii) Forbes magazine's Best 200 Small Companies for the fifth consecutive year; and (iii) BusinessWeek magazine's list of 100 Hot Growth Companies. For more information visit www.qlogic.com.
Disclaimer - Forward Looking Statements
This press release contains statements relating to future results of the Company (including certain beliefs and projections regarding business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The Company advises readers that these potential risks and uncertainties include, but are not limited to: the volatility of the Company's stock price; fluctuations in operating results; the dependence on the storage area network market; the ability to maintain and gain market or industry acceptance of the Company's products; the dependence on a limited number of customers; seasonal fluctuations and uneven sales patterns in orders from customers; the ability to compete effectively with other companies; declining average unit sales prices of comparable products; a reduction in sales efforts by current distributors; the dependence on relationships with certain silicon chip suppliers and other subcontractors; the complexity of the Company's products; sales fluctuations arising from customer transitions to new products; terrorist activities and resulting military actions; international, economic, regulatory, political and other risks; changes in semiconductor foundry capacity; uncertain benefits from strategic business combinations; the ability to maintain or expand upon strategic alliances; the strain on resources caused by rapid growth and expansion; the ability to attract and retain key personnel; the ability to protect proprietary rights or to satisfactorily resolve any infringement claims; changes in tax laws or adverse audit results; decreasing effectiveness of equity compensation in employee retention; charter documents and stockholder rights plan that may discourage a business combination; and facilities located in areas subject to earthquakes.
More detailed information on these and additional factors which could affect the Company's operating and financial results are described in the Company's Forms 10-K, 10-Q and other reports, filed or to be filed with the Securities and Exchange Commission. The Company urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the Company faces. The forward looking statements contained in this press release are made only as of the date hereof, and the Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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