ALISO VIEJO, Calif., June 7, 2005 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), today announced that it will establish operations near Dublin, Ireland as an integral part of the QLogic Global Supply Chain Program. The center will deliver customer-specific "configure-on-demand" services, regionally based customer support, order fulfillment services, and reverse logistics to enhance fulfillment of demand from OEM and reseller customers for QLogic HBAs, switches and ASICs in Europe, Middle East and Africa (EMEA).
The 20,000-square-foot facility is based in Blanchardstown, a suburb of Dublin, and is expected to employ up to 100 professionals over the next five years. QLogic has also contracted with several multi-national freight forwarders and transportation service providers to optimize the velocity of product delivery in EMEA.
"QLogic is a welcome addition to the growing cluster of storage industry companies in Ireland," said Minister for Enterprise, Trade and Employment Micheal Martin T.D. "The decision to locate its EMEA headquarters here is a powerful endorsement of Ireland's ability to support leading-edge, knowledge-intensive activities and to provide the people required for such high level activities. IDA Ireland worked closely with the company in assisting them in their decision to locate in Ireland and the employment it will offer will provide excellent opportunities for the skilled people of Dublin."
QLogic's Global Supply Chain Program is designed to reduce delivery lead times by fulfilling orders from within the region, shortening OEM and reseller customers' supply chain cycles. Closer proximity to customers also enables QLogic to provide more accessible back-end support.
"When customers submit orders, or trigger demand, we'll be able to configure on demand and fulfill upside orders in a matter of days or even hours, instead of weeks," said Shane Creegan, director of Irish Operations, QLogic Ireland. "We'll be able to turn on a dime and help our customers react more quickly to changing market demands and execute on business opportunities without delay."
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Since 1993, over 50 million QLogic products have shipped inside servers, workstations, RAID subsystems, tape libraries, disk and tape drives. QLogic products are 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. QLogic is a member of the S&P 500 Index and NASDAQ 100 Index. For more information visit www.qlogic.com.
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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.
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