COSTA MESA, Calif., May 16, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the industry's preeminent source for a broad range of advanced storage networking infrastructure solutions, announced today it has added Singapore-based Venture Corporation Limited (SGX: Venture) to its roster of world-class electronics engineering and manufacturing service partners. Venture, a multi-billion dollar global electronics services provider, will manufacture and supply the Emulex Fibre Channel switches and host bus adapters (HBAs).
Venture has built its reputation on delivering innovative design expertise, manufacturing technology and world-class testing capabilities which leading Fortune 500 companies, including HP, IBM and Motorola, depend on for their long-term product development needs. The technical capabilities and engineering expertise of the Venture team add significant value to the Emulex manufacturing process in terms of delivering high quality workmanship. Further, the strategic relationship with Venture enables Emulex to meet increased demand for its storage networking products in the Asia Pacific region, while also augmenting its worldwide manufacturing efforts.
"Venture has a longstanding history of building solid, robust products and we plan to leverage our world-class manufacturing operations and strong supply chain relationships throughout the world to help contribute to Emulex's growth and market expansion into rapidly-growing regions," said Wong Ngit Liong, Chairman and CEO of Venture. "Emulex is a leader in the storage networking industry and we are confident that our high-standard manufacturing services will deliver the premier Fibre Channel solutions that Emulex customers have come to expect."
Emulex considered several factors during its selection process, including technological expertise, manufacturing flexibility, reliable testing capabilities, and commitment to operational excellence. The selection of Venture was based on its execution and commitment to efficiency in strategic commodity and supplier cluster management, which helps provide an assurance of supply -- even in the face of possible demand fluctuations.
"Emulex works aggressively to maintain its position as one of the world's leading providers of storage networking products, and teaming with Venture helps increase availability and speed deployment of robust connectivity solutions to our global customers," said Keith Knight, senior vice president of manufacturing, Emulex Corp. "Partnering with Venture also enables Emulex to expand its manufacturing resources to accommodate increased product demand within fast-growing regions, such as China. We are confident Venture will deliver on its commitment to delivering high quality products with the features and functionality that have been the hallmark of Emulex products for many years."
Emulex's storage networking products are part of the storage and server solutions for many of the world's top OEMs, including Dell, EMC, Fujitsu Ltd., Fujitsu Siemens, Bull, HP, Hitachi Data Systems, IBM, NEC, Network Appliance, Quantum Corp., StorageTek, Sun Microsystems, Unisys and Xyratex. Emulex storage solutions are utilized in Fortune 1000 data centers worldwide, where quality and reliability are paramount.
About Venture
Venture Corporation Limited ranks among the best in managing the value-chains of leading electronics companies around the world. Offering an excellent combination of cutting-edge design, innovative manufacturing technology and reliable testing capabilities, it provides services from design to manufacturing, fulfillment and reverse logistics. It is a strategic global partner for world leaders in the electronics arena, and is recognized by the industry for its strong management and technical expertise. Information on Venture is available on the Web at www.venture.com.sg.
About Emulex Emulex Corporation is the industry's preeminent source for a broad range of advanced storage networking infrastructure solutions spanning host bus adapters, embedded storage switches, I/O controllers and SAN Storage Switches. Emulex ranked number 16 in the Deloitte 2004 Technology Fast 50 and most recently received recognition as one of Forbes 200 Best Small Companies.
The world's leading server and storage providers rely on Emulex HBAs, embedded storage switching and I/O controller products to build reliable, scalable and high performance storage solutions. The Emulex award-winning product families, including its LightPulse(r) HBAs and InSpeed(tm) embedded storage switching products, are based on internally developed ASIC, firmware and software technologies, and offer customers high performance, scalability, flexibility and reduced total cost of ownership. Emulex's products have been selected by the world's leading server and storage providers, including Dell, EMC, Fujitsu Ltd., Fujitsu Siemens, Bull, HP, Hitachi Data Systems, IBM, NEC, Network Appliance, Quantum Corp., StorageTek, Sun Microsystems, Unisys and Xyratex. In addition, Emulex includes industry leaders Brocade, Computer Associates, Intel, McDATA, Microsoft and VERITAS among its strategic partners. Corporate headquarters are located in Costa Mesa, California. News releases and other information about Emulex Corporation are available at http://www.emulex.com.
EMULEX -- We network storage
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; fluctuation in the growth of Fibre Channel and IP markets; changes in economic conditions or changes in end-user demand for technology solutions; fluctuations or delays in customer orders; the highly competitive nature of the markets for Emulex's products; Emulex's ability to gain market acceptance for its products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and 10-Q. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.