Seagate Technology PLC Announces Strategic Agreement With DensBits Technologies Ltd For Development Of Solid State Drives For Consumer And Enterprise Markets; Makes Equity Investment In DensBits

Seagate Technology PLC and DensBits Technologies Ltd (DensBits) the inventor of Memory Modem have announced a strategic agreement for the development of low-cost, high-performance Solid State Drives (SSD) for the consumer and enterprise markets. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits. Seagate and DensBits are joining forces, to develop future products that are intended to provide customers with cost savings, extremely high reliability, and unparalleled performance. Under the agreement, DensBits’ Memory Modem controller technology will be integrated with Seagate’s various storage technologies to power a wide range of consumer and enterprise applications including 3 bits/cell (TLC) 1Xnm Flash-based consumer-grade SSD, and 2 bits/cell (MLC) 1Xnm Flash-based enterprise-grade SSD.