MILPITAS, Calif.--(BUSINESS WIRE)--SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, and HP (NYSE:HPQ) today announced a long-term partnership to collaborate on a new technology within the Storage Class Memory (SCM) category. The partnership will center around HP’s Memristor technology and expertise and SanDisk’s non-volatile ReRAM memory technology and manufacturing and design expertise to create new enterprise-wide solutions for Memory-driven Computing. The two companies also will partner in enhancing data center solutions with Solid State Drives (SSDs).
“We are very excited to deepen our relationship with HP and enhance its leadership offerings by using our complete portfolio of enterprise SAS, SATA and PCIe products, and leading-edge enterprise system solutions,” said Siva Sivaram, Executive Vice President, Memory Technology, SanDisk. “Our partnership to collaborate on new SCM technology solutions is expected to revolutionize computing in the years ahead.”
The technology is expected to be up to 1,000 times faster than flash storage and offer up to 1,000 times more endurance than flash storage. It also is expected to offer significant cost, power, density and persistence improvements over DRAM technologies. The SCM technology and its characteristics are intended to allow systems to employ tens of terabytes (TB) of SCM per server node for applications such as in-memory databases, real-time data analytics, transactional and high-performance computing.
This technology is focused on addressing the massive streams of data generated by the convergence of social media, security, mobility, big data analytics, cloud and the Internet of Things. The partnership aims for the companies to augment existing flash memory-based SSD product lines with this technology, providing high-performance storage solutions to enterprise data centers. It also aims to contribute to HP’s breakthrough new computing model, The Machine, which reinvents the fundamental architecture of computers to enable a quantum leap in performance and efficiency, while lowering costs and improving security.
“The onslaught of data facing enterprises will continue to be a challenge for the foreseeable future. We are excited to be working with SanDisk as they share an understanding of the significance of this challenge, and more importantly share a vision that the solution lies within Memory-Driven Computing,” said Martin Fink, Executive Vice President and HP Chief Technology Officer. “Together, we plan to bring new memory solutions to market and accelerate adoption in the enterprise, while simultaneously advancing HP’s development of The Machine to enable a new computing model over the long term.”
About SanDisk
SanDisk Corporation (NASDAQ:SNDK), a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 27 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk’s quality, state-of-the-art solutions are at the heart of many of the world's largest data centers, and embedded in advanced smartphones, tablets and PCs. SanDisk’s consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.
SanDisk Forward Looking Statements
This news release contains certain forward-looking statements, including statements about the continued partnership between SanDisk and HP to collaborate on new technology within Storage Class Memory (SCM) and in Flash-based SSD product lines; creating new enterprise wide solutions for Memory-driven Computing and partnering to enhance data center solutions; expectations around revolutionizing computing; the speed, cost savings, performance, power, density and persistence improvements compared to DRAM and other performance characteristics of the new technology; the various potential applications of the new technology, including for enterprise data centers; HP’s continued partnership and relationship with SanDisk to augment its existing Flash-based SSD product lines; and the plan to contribute the new technology to HP’s new computing model, The Machine. There are a number of risks and uncertainties that may cause these forward-looking statements to be inaccurate including, among others: inability to develop, or unexpected difficulties or delays in developing or ramping with acceptable yields, the new memory technology; the failure of the new memory technology to effectively compete with the technologies of SanDisk’s competitors; the new memory technology may not be available when SanDisk expects or perform as expected; the failure of the new memory technology to achieve the various performance improvements and cost benefits currently anticipated; potential delays in product development or lack of customer acceptance and qualification of SanDisk or HP solutions using the new memory technology; failure to manage the partnership with HP and any early termination of the collaboration and partnership with HP; difficulties in managing the relationship with HP and failure of the benefits of the partnership to materialize; general business and economic conditions; weakness in demand in SSD, enterprise solutions or other product categories that SanDisk or HP offer; industry and technology trends not occurring in the timeline SanDisk anticipates or at all; and the other risks detailed from time-to-time in SanDisk’s Securities and Exchange Commission filings and reports, including, but not limited to, its quarterly report on Form 10-Q for the quarter ended June 28, 2015. All statements made in this news release are made only as of the date of this release. SanDisk undertakes no obligations to update the information in this release in the event facts or circumstances change after the date of this release.
About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers' most complex challenges in every region of the world. More information about HP is available at http://www.hp.com.
HP Forward Looking Statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements about the continued partnership between SanDisk and HP to collaborate on new technology within Storage Class Memory (SCM) and in Flash-based SSD product lines; creating new enterprise wide solutions for Memory-driven Computing and partnering to enhance data center solutions; expectations around revolutionizing computing; the speed, cost savings, performance, power, density and persistence improvements compared to DRAM and other performance characteristics of the new technology; the various potential applications of the new technology, including for enterprise data centers; SanDisk’s continued partnership and relationship with HP to augment SanDisk’s existing Flash-based SSD product lines; and the plan to contribute the new technology to HP’s new computing model, The Machine. Risks, uncertainties and assumptions include among others: inability to develop, or unexpected difficulties or delays in developing or ramping with acceptable yields, the new memory technology; the failure of the new memory technology to effectively compete with the technologies of SanDisk’s competitors; the new memory technology may not be available when HP expects or perform as expected; the failure of the new memory technology to achieve the various performance improvements and cost benefits currently anticipated; potential delays in product development or lack of customer acceptance and qualification of SanDisk or HP solutions using the new memory technology; failure to manage the partnership with SanDisk and any early termination of the collaboration and partnership with SanDisk; difficulties in managing the relationship with SanDisk and failure of the benefits of the partnership to materialize; general business and economic conditions; weakness in demand in SSD, enterprise solutions or other product categories that SanDisk or HP offer; industry and technology trends not occurring in the timeline HP anticipates or at all; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2015 and HP’s other filings with the Securities and Exchange Commission. HP assumes no obligation and does not intend to update these forward-looking statements.
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