Crossroads Systems Announces Upcoming LTO-7 Support for StrongBox NAS and VSeries LTFS Libraries

AUSTIN, Texas, Oct. 21, 2015 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS) today announced that its StrongBox® network-attached storage (NAS) solution and VSeries tape libraries will support the recently unveiled Linear Tape-Open Generation 7 (LTO-7) technology.

With up to 6TB of un-compressed storage, LTO-7 makes a significant stride for capacity expansion and doubles the tape cartridge capacity of LTO-6 technology. The newest LTO format empowers faster data access with data transfer rates that can process more than 2.7 terabytes an hour per drive. With an improved bit error rate (BER), LTO-7 tape delivers unmatched reliability in storage media with only one bit error every 1.25 exabytes of data, or 200,000 LTO-7 cartridges. The combination of StrongBox and LTO-7 technology will provide a new level of cost savings, reliability and performance never before seen in the industry.

The new LTO technology furthers StrongBox's unique capability to expand tape for large-scale storage through one simple-to-manage solution. The impending availability of LTO-7 in major manufacturer's tape libraries and drives can nearly triple the capacity available today in the same amount of physical space. StrongBox is the only LTFS-based network attached storage (NAS) solution that works with all major library vendors: IBM, HP, Quantum, Qualstar, and SpectraLogic.

Crossroads' own StrongBox Vseries LTFS Libraries will support LTO-7 in early 2016, with the ability to secure up to 960TB (uncompressed) in a space-efficient 12U form factor for only $32,200.

"By pairing StrongBox with LTO-7, we will see unprecedented reliability and cost efficiency for long-term data preservation," said Richard K. Coleman, Jr., President and CEO at Crossroads Systems. "As data storage grows from terabytes to petabytes to exabytes, tape is proving to be the only technology capable of massive scale at a manageable cost. We continue to see distinct and unmistakable advantages to including tape in storage architectures – no matter the size."

To learn more about StrongBox, visit www.crossroads.com/data-archive-products/strongbox.

For more information on VSeries tape libraries, visit www.crossroads.com/data-archive-products/strongbox/strongbox-vseries.

About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data storage solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.

Important Cautions Regarding Forward-Looking Statements 
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to implement its business strategy, including the transition from a hardware storage company to a software solutions and services provider, its ability to expand its distribution channels, its ability to maintain or broaden relationships with existing distribution channels and strategic alliances and develop new industry relationships, the performance of third parties in its distribution channels and of its strategic alliances, the potential market for our data storage products, changes in the fair value of its derivative instruments and its ability to achieve or maintain profitability. The future performance of Crossroads Systems may be adversely affected by the following risks and uncertainties: uncertainties relating to product development and commercialization, uncertain market acceptance of Crossroads Systems products, including StrongBox, intense competition in the data protection and storage markets, variations in quarterly results and a consequence of unpredictable sales cycles and other factors, the ability to obtain, maintain or protect patent and other proprietary intellectual property rights, developments in litigation to which we may be a party, technological change in the industry, future capital requirements, regulatory actions or delays and other factors that may cause actual results to be materially different from those described or anticipated by these forward-looking statements. For a more detailed discussion of these factors and risks, investors should review Crossroads Systems' reports on Form 10-K,  Form 10-Q,Form 8-K and other reports filed with the Securities and Exchange Commission, which can be accessed through the SEC's website or by clicking "SEC Filings" on the company's Investor Relations website at http://investors.crossroads.com. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Crossroads Systems undertakes no duty to update this information to reflect future events, information or circumstances.

©2015 Crossroads Systems, Inc., Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.        

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