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OCZ sells 5,151,662 shares of its common stock

You simply can't surf enthusiast sites these days without coming across a new review of solid state drives (SSDs). SSDs are quickly becoming the storage medium of choice for laptop enthusiasts and as boot drives for desktop enthusiasts.

While pricing for SSDs is still quite high for more mainstream users, enthusiasts are flocking to them in order to have the highest performing machines for gaming duties. According to Jon Peddie Research, the "Enthusiast Class" which typically buys such high performing SSDs is expected to spend $12.5 billion by 2013.

Given the high stakes in this emerging market, OCZ is no doubt looking to further its position with SSDs. With larger companies like Intel breathing down its neck with second generation (and upcoming third generation) SSDs and more traditional competitors like Corsair ramping up their entries into the field, OCZ is doing what it can to make SSDs a big part of its business.

OCZ announced today that it has secured $15.45 million in funding specifically for its SSD business through the sale of 5,151,662 shares of its common stock.

“Over the course of the last few years, we have met the demand for a better storage option head-on, by delivering high performance solid state disk drives to a wide array of customer’s globally” said OCZ CEO Ryan Petersen. “This round of funding will enable OCZ to continue its growth in SSDs and accelerate the development of next-generation solutions.”

Peterson added, “We believe that OCZ is well-positioned to advance the deployment of flash-based storage solutions. OCZ will continue to design, develop and implement SSD technology with its current base of over 300 customers while opening up new markets through targeting enterprise and OEM customers seeking to adopt flash media as primary storage.”

OCZ was able to give us a glimpse at its 2010 roadmap for SSD products during CES and it looks like customers will have a wealth of options to choose from in both internal and external form-factors. Now if only OCZ could do a bit more to consolidate the product lines and naming conventions...





"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007



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