![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Santech Holdings Limited | NASDAQ:STEC | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0223 | 7.10% | 0.3365 | 0.304 | 0.3365 | 0.33899 | 0.303 | 0.3203 | 3,962 | 17:42:10 |
Earlier this month, sTec announced that its extensive range of solid-state solutions are now available to enterprise customers through the company's new direct sales and global channel programs, expanding sTec's reach into new vertical markets. The vertical markets now benefiting from this more-direct channel include oil and gas, as well as financial services, government, content and cloud, and telecommunications.
Typical in the oil and gas industry, GeoEnergy faces huge computational and storage resource demands driven by seismic processing. After doubling its computing capacity in a matter of months, GeoEnergy needed to scale its I/O performance to meet even more demanding workloads. The company attempted to improve its application performance by using consumer-grade SSDs, but those failed after only six months, and risked impacting project deadlines. GeoEnergy then replaced the drives with sTec enterprise-class SSDs.
"There are many areas where you can cut corners to maximize value, but going with consumer SSDs can be a costly decision when they fail," said Shawn Stephens, senior IT administrator for GeoEnergy. "sTec SSDs are not just faster—they're also more durable. Greater predictability and performance allows us to pursue more and larger projects with the confidence that we can deliver on tight deadlines."
sTec's innovative CellCare™ technology enables SSDs to maintain consistent performance over time — in contrast to consumer SSDs, which degrade over time. Due in part to this performance-maintaining feature, GeoEnergy turned to sTec for its increased processing capacity to handle ever-growing data sets.
"sTec's solid-state storage solutions are specifically designed for high-speed, high-volume I/O environments and heavy-load applications such as GeoEnergy's seismic processing," said Ali Zadeh, corporate senior vice president and chief marketing officer, and general manager of the Systems and Software Group, sTec. "With the reliability of enterprise SSDs in its data center, we fully expect GeoEnergy to continue to grow its business."
About sTec, Inc.
sTec, Inc. is a leading global provider of enterprise-class solid-state storage solutions designed for the ever-growing performance, reliability and endurance requirements of today's advanced data centers. The industry's first company to deploy solid-state drives (SSDs) into large-scale enterprise environments, sTec offers the industry's widest range of solid-state storage solutions, which protect critical information for major business and government organizations worldwide. Headquartered in Santa Ana, California, sTec also serves the embedded and military/aerospace markets with SSDs for industrial and rugged environments. For more information, visit www.stec-inc.com.
sTec, the sTec logo and CellCare are either registered trademarks or trademarks of sTec, Inc. in the United States and certain other countries. All other trademarks or brand names referred to herein are the property of their respective owners.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This release contains forward-looking statements that involve risks and uncertainties, including those statements concerning the benefits, capabilities, performance, and cost savings of sTec's enterprise-class SSD solutions; customer adoption and utilization of STEC's technologies and solutions; growth of sTec's new direct sales and global channel programs; and sTec's expansion into new vertical markets. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and cause actual outcomes and results to differ materially from current expectations. Important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements are detailed in filings with the U.S. Securities and Exchange Commission, made from time to time by sTec, including its most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its subsequent Current Reports on Form 8-K, which are available on the Investor Relations section of sTec's website at www.stec-inc.com. The information contained in this press release is a statement of sTec's present intentions, beliefs or expectations. sTec may change its intentions, beliefs or expectations, at any time and without notice, based upon any changes in such factors, from sTec's assumptions and otherwise. Except as required by law, sTec undertakes no obligation to publicly release any revisions to any forward-looking statements to reflect events or circumstances occurring after the date thereof, or to reflect the occurrence of unanticipated events.
CONTACT: Jerry Steach Director, Public Relations sTec, Inc. (415) 222-9996 jsteach@stec-inc.com Merrill Freund or Lauren Whitehouse Schwartz MSL (415) 512-0770 stec@schwartzmsl.com
1 Year Santech Chart |
1 Month Santech Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions