Name: Storage Technology Corporation is a public company traded on the New York Stock Exchange (NYSE:STK). StorageTek®, the name by which most people know us, is a registered® trademark of Storage Technology Corporation.

Founded: 1969

Location: StorageTek world headquarters is in Louisville, Colorado (Boulder County), along the U.S. Highway 36 high-tech corridor, at the foot of the Rocky Mountains, approximately 20 miles northwest of downtown Denver.

Business: StorageTek, a worldwide technology company, delivers a broad range of data storage offerings. With its comprehensive portfolio of information lifecycle management solutions and 35 years of IT excellence and experience, StorageTek helps customers to gain control of their storage environments by reducing the time, cost and complexity of their storage infrastructures. As a result, customers can reduce overall hardware costs, spend less time on storage infrastructure issues and management, focus more on core IT initiatives, realize simple, predictable and reliable backup/recovery and meet business requirements for fast access to select data required by legal and regulatory directives.

Sales/Service: StorageTek maintains offices in the principal cities around the world.

Employees: Approximately 7,000 worldwide

Manufacturing: Manufacturing and assembly takes place primarily in Puerto Rico. StorageTek also has limited manufacturing and assembly in Colorado, Minnesota and France.

Executive team: StorageTek's executive team brings a diverse set of skills and a wealth of experience to the company. Learn more about the leadership team. Learn more about the leadership team.

Vision statement: Be the storage experts who deliver easy-to-use, industry-leading, innovative storage solutions to manage and protect business critical information.

2004 Financial performance:

• $2.2 billion in revenue (45% domestic, 55% international).
• Net income was $191.0 million for 2004, compared to $148.9 million in 2003.

Research and development: $200 million in 2004. Approximately 700 employees are employed in research and development worldwide.

Customers: StorageTek has an unmatched commitment to its customers' success. This commitment continues to build customer loyalty and long-term relationships that are widely admired by the industry. Today, StorageTek customer sites worldwide represent industries as diverse as finance, insurance, telecommunications, government, e-commerce and manufacturing.

Technology milestones:

• 1970 - StorageTek releases its first product, the 2450/2470 tape drive, just 14 months after start-up to beat the business plan by four months.
• 1971 - StorageTek introduces the 3400 tape storage device; its first proprietary subsystem.
• 1973 - StorageTek’s disk division is founded.
• 1974 - StorageTek’s first 3600 tape drive ships.
• 1975 - StorageTek ships the first 8000 Super Disk and announces the 8350 disk subsystem.
• 1978 - StorageTek develops the first solid-state disk.
• 1986 - StorageTek develops the first cached disk.
• 1987 - StorageTek develops tape automation.
• 1994 - StorageTek introduces virtual disk.
• 2001 - StorageTek introduces virtual networking.
• 2002 - StorageTek introduces BladeStore, a new type of storage performance based on ATA disk technology.
• 2003 - StorageTek introduces the EchoView™ data protection appliance, a disk-based appliance that eliminates the backup window.
• 2003 - StorageTek changes the face of tape automation with the introduction of its StreamLine™ SL8500 modular library system.

Key industry recognition:

• CIO Insight magazine -- Rated #1 in the storage industry for overall value, reliability and customer loyalty (2005)
• Datamation Product of the Year -- StorageTek SL500 modular library system (2005)
• FORTUNE -- America's Most Admired Companies, Computer Peripherals category (February 2005, February 2004, February 2003, and February 2002)
• Industry Week Top 25 Plants -- StorageTek's Puerto Rico manufacturing facility (2004)
• InfoStor Magazine and Association of Storage Networking Professionals Most Valuable Product award 2004 (StorageTek L700e automated tape library)
• Storage Magazine (U.K. edition) Storage Company of the Year (2004)
• Forbes Global 2000 (July 2003)
• BusinessWeek - InfoTech 100 (June 2003)
• Forbes Platinum 400 (January 2003)
• Information Management 2003 Award -- Information Storage Product Category (BladeStore -- highly commended)
• Stockage 2003 Innovation Award for Best Product of the Year (StorageTek EchoView™ E400 appliance)