Nexsan Extends Reach In High-Growth Asian IT Market With New Korean Office

WOODLAND HILLS, Calif., Agust 6, 2002 - Nexsan Technologies, the leader in innovative storage solutions, today announced the opening of an office in Seoul, Korea, which will serve as a central point for distribution and services into Asia.

Nexsan Technologies Korea is headed by David Gunbae Han, a seasoned IT veteran with hardware and software industry experience. Before joining Nexsan, Mr. Han was an executive consultant for Korean companies looking to advance into the U.S. market, serving as a bridge between local companies and the overseas market. Previously he held positions in Korean computing firms Hansum Systems, Dae Lim Industrial Co. and Woojoo Computer.

"Korea is poised to be the springboard for launching Nexsan's technology and products throughout the country and into Asia," said Han. "Korea is a hotbed of advanced technology, and the infrastructure is in place to support further expansion of Nexsan products into the region."

According to The Electronic Times, Korea's leading IT news source, the Korean IT market is expected to increase 14.2% from 150 trillion won ($127 billion U.S.) to 172 trillion won ($145 billion), with expected annual increases of 12.9%. By the year 2006, the Korean IT market will be at 276 trillion won ($233 billion).

Nexsan executive vice president Diamond Lauffin said, "Due to the expansion of IMT2000 wireless communications and digital broadcasting service, along with the rapid development of the data communications market, the Korean computing industry is experiencing tremendous growth. For Nexsan, Korea is an ideal place to be."

Nexsan has launched an aggressive sales and marketing campaign worldwide to inform IT departments of its next-generation enterprise storage product line that allows companies to receive high-performance, high-reliability and high-scalability features at a lower total cost of ownership.

Nexsan produces the award-winning line of InfiniSAN products that feature fault tolerance, redundancy, storage virtualization, data replication, and support RAID levels 0, 1, 0/1, 3, 4, 5, 10 and 50. The highly scalable InfiniSAN systems provide advanced primary storage, policy-based storage management, disk-to-disk backup and disaster recovery vehicles. The company's products are system-independent, supporting SAN, NAS and DAS configurations, and Full Fabric, Fibre, SCSI or ATA. They provide support for TCP/IP, Ethernet, Data and iSCSI, and Serial, LAN, WAN or web connections.

About Nexsan Technologies
Nexsan Technologies, headquartered in Woodland Hills, California is the leader in innovative and correct cost storage solutions. The company creates and delivers award-winning, storage-centric hardware and application-based solutions worldwide through one of the most diverse and established networks of professionals in the storage industry. Next generation Nexsan storage products are designed for corporate, graphics, medical imaging, animation and special effects, real time/event monitored/ online/off site storage, Internet delivered content, digital film and video, financial on-line transaction data, music and voice, video security, and document imaging. For more information, please see the company's website at: http://www.nexsan.com.

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