SOURCE: Quantum Corporation
SAN JOSE, CA--(Marketwire - Aug 28, 2012) - Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today announced that it has filed a lawsuit against Overland Storage (NASDAQ: OVRL) for patent infringement in the U.S. District Court for the Southern District of California. The lawsuit follows Overland's patent infringement claims filed against Quantum two months ago in the same court. In its response to the Overland lawsuit that Quantum filed this week, the company also denied Overland's claims, stating that it is not infringing and has not infringed any valid and enforceable claim of either of the two patents at issue and that both patents are invalid.
The Quantum lawsuit accuses Overland of infringing four of the company's patents (U.S. Patent No. 6,542,787, No. 6,498,771, No. 5,925,119 and No. 5,491,812). The infringement claims involve products in Overland's NEO tape library and SnapServer product lines.
"We had hoped to resolve this dispute with Overland out of court but ultimately concluded that we had no choice but to take legal action," said Shawn Hall, senior vice president and general counsel at Quantum. "We firmly believe that Overland's claims are without merit and that they are the ones infringing our intellectual property. We brought this to Overland's attention, but, unfortunately, they made it clear that they were determined to pursue their lawsuit anyway."
Quantum is a proven global expert in data protection and big data management, providing specialized storage solutions for physical, virtual and cloud environments. From small businesses to major enterprises, more than 50,000 customers trust Quantum to help maximize the value of their data by protecting and preserving it over its entire lifecycle. With Quantum, customers can Be Certain™ they're able to adapt in a changing world -- keeping more data longer, bridging from today to tomorrow, and reducing costs. See how at www.quantum.com/BeCertain.
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"Safe Harbor" Statement: This press release may contain "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. These risks include the inherent uncertainty of litigation, operational difficulties, unexpected material deviation in product operation, the ability of competitors to introduce new solutions that compete more successfully with our solutions, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements, as well as the risks set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2012 and Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 14, 2012. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.