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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

imation corp (IMN) Key Developments

Imation Introduces NST4000 Hybrid Storage Appliance

Imation introduced the NST4000 - a new ultra-efficient hybrid storage appliance purpose-built for media and entertainment and data protection workloads that will deliver Fibre Channel connectivity and new levels of capacity and performance to the mid-range enterprise. The NST4000 delivers genuine, efficient hybrid storage with tremendous efficiency and processing power using the latest high-performance technologies as well as the flexibility to meet the needs of organizations that continue to rapidly add new applications to their environments. With an intelligent hybrid caching layer, NST4000 is especially well-suited for mid-sized data centers, mixed application workloads, data protection strategies and media and entertainment industry workflows. Specifically, NST4000 offers significant new user benefits, including: Fibre Channel Support - NST4000 expands the Nexsan NST family's unified block and file sharing capabilities by adding Fibre Channel connectivity for those mid-range enterprises that prefer it for their applications. This gives organizations the ability to take advantage of the benefits of NST's hybrid storage using a full range of unified storage protocols, including iSCSI, NFS, CIFS, FTP and now Fibre Channel; Higher Capacity Scalability - A single NST4000 array can non-disruptively scale to 2.1PB; Increased Performance - The NST4000 can deliver three times as many IOPs as preceding NST storage solutions. This is accomplished by combining optimizations in NestOS 3.1 with Imation's fault-tolerant FASTier DRAM caching technology, solid-state disks (SSDs) and the latest processor technology; Enhanced Data Reduction - The NST4000 delivers faster and smarter inline compression. Compressible data can be processed 50% faster, and intelligence removes the penalty of trying to act upon noncompressible data.

Imation Corp. Announces 6TB Hard Disk Drives

Imation Corp. announced it is now offering 6TB hard disk drives with its Nexsan E-Series(TM) family of data storage solutions. Through E-Series, users now can pack more than 1PB of storage capacity into 12 rack units and more than 3.5PB into a standard rack, achieving a new level of density and capacity customization in their data storage. In addition to the new capacity capabilities, Imation has added more forward-thinking features and functionality to the E-Series family, including: Support for 16Gb Fibre Channel to enable increased throughput performance; An E32XV expansion unit to add more system performance and capacity to the Nexsan E32V storage array and deliver more value to database applications; Support for Microsoft's Offload Data Transfer (ODX) to minimize the host resources required for data transfers and eliminate the SAN as a bottleneck for files such as databases and video; Snapshot cloning to enable volumes to be created and internal data migration to be done from snapshots. This makes it possible for users to move production data to test environments without disrupting their production environments. Imation's Nexsan E-Series is a family of high-density, high-performance and highly reliable storage solutions that can be directly attached or networked to workstations and servers. E-Series delivers the density and efficiency that mid-sized organizations need to scale their capacity while lowering their overall space requirements and operating costs. All E-Series systems take the extra step to reduce power and cooling requirements through their multi-level, power-reducing AutoMAID(TM) capabilities. They also include an easy-to-use management interface that simplifies deployment and management for the resource-constrained IT administrator.

Imation Corp. Appoints Tony Brausen as Independent Director

Imation Corp. announced the addition of a new independent director, Tony Brausen, to its board of directors. Imation's board will now have five members, four of whom are independent. Brausen joined The Mosaic Company in 2006 and is currently the senior vice president-finance there.

Imation Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Imation Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $178.6 million against $211.7 million last year. Operating loss from continuing operations was $20.1 million. Loss from continuing operations before income taxes was $21.4 million against $0.7 million last year. Loss from continuing operations was $19.8 million or $0.48 per basic and diluted share against $1.8 million or $0.04 per basic and diluted share last year. Net loss was $21.4 million or $0.52 per basic and diluted share against $5.1 million or $0.13 per basic and diluted share last year. Capital spending was $1.3 million against $2.1 million last year. Non-GAAP net revenue was $178.6 million against $211.7 million last year. Non-GAAP operating loss from continuing operations was $14.9 million against non-GAAP operating income from continuing operations of $5.1 million last year. Non-GAAP loss from continuing operations was $14.6 million or $0.35 per diluted share against non-GAAP income from continuing operations of $4.4 million or $0.11 per diluted share last year. Adjusted LBITDA was $9.5 million against adjusted EBITDA of $11.1 million last year. For the six months, the company reported net revenue of $375.5 million against $436.1 million last year. Operating loss from continuing operations was $36.2 million against $14.7 million last year. Loss from continuing operations before income taxes was $38.2 million against $15.9 million last year. Loss from continuing operations was $36.6 million or $0.89 per basic and diluted share against $17.4 million or $0.43 per basic and diluted share last year. Net loss was $38.9 million or $0.95 per basic and diluted share against $26.2 million or $0.65 per basic and diluted share last year. Capital spending was $2.3 million against $3.5 million last year. Book value per share as of June 30, 2014 was $8.13. Non-GAAP net revenue was $375.5 million against $436.1 million last year. Non-GAAP operating loss from continuing operations was $28.9 million against $5.4 million last year. Non-GAAP loss from continuing operations was $29.3 million or $0.71 per diluted share against $8.1 million or $0.20 per diluted share last year. Adjusted LBITDA was $18.0 million against adjusted EBITDA of $7.0 million last year.

Imation Corp. Announces Ironkey Workspace W700

Imation Corp. announced the availability of IronKey Workspace W700, the first Microsoft-certified Windows To Go devices to be FIPS 140-2 Level 3 certified. Achievement of this certification required rigorous testing, which was then reviewed by the National Institute of Standards and Technology (NIST). FIPS 140-2 Level 3 certification is a requirement for civilian and military U.S. federal agencies, as well as a benchmark for security and reliability for enterprises looking for the level of security. Government and enterprise organizations looking to adopt a mobile device strategy with FIPS 140-2 Level 3 validation now have a Windows To Go option. Windows To Go is an enterprise feature of Windows 8.1 that lets people be productive from almost any location they choose to work by inserting the Windows To Go USB drive into any compatible PC of their choice. An organization's corporate image, operating system, applications and data are all contained on the Microsoft-certified IronKey Workspace USB drive. The host PC boots completely off the Windows To Go drive using local resources such as monitors, CPUs and network connections. The Windows To Go drive can be centrally managed and offers remote wipe features to protect against loss and theft. The Windows To Go solution is ideal for mobile workers, teleworkers and contractors, fueling secure Bring Your Own Device (BYOD) strategies that allow employees to use their home PCs for work. Leveraging Imation's leadership and expertise in delivering mobile workspaces, IronKey Workspace W700 is the third IronKey Windows To Go device certified by Microsoft. Secured with the military-grade hardware encrypted protection of the world's most secure and rugged flash drives, the W700 drives are part of IronKey's total government- and industrial-grade mobile workspace solution. With advanced options including centralized device management and bulk provisioning, IronKey Workspace W700 transforms any compatible computer into an IT-provisioned, IT-managed and IT-secured workstation for a fraction of the price of issuing a laptop. Centralized management is available for IronKey Workspace W700 devices. Using the on-premise IronKey Enterprise Management Server, IT departments can implement policy control, reporting, password reset and silver bullet features for remotely disabling and decommissioning a device - all via a central dashboard. Features and benefits of IronKey Workspace W700 include: FIPS 140-2 Level 3 full device certification for compliance with regulatory requirements. Support for CAC/PIV, enabling active-duty military personnel, government employees and federal contractors to unlock their IronKey Workspace W700 devices with their issued smart cards and gain seamless authentication to their desktops. Ruggedized, waterproof drives, according to military standards (MIL-STD-810F), with a virtually indestructible metal casing that protects against physical damage and has sealed components that defend against tampering. Superior speed, with more than five times the minimum read/write performance required for Windows To Go Microsoft-certified devices. Support for a wide variety of hardware environments including PCs, some tablets and Macs (support for Macs is provided by Imation). Military-grade security with hardware-based AES-256 bit encryption and strong authentication to keep data safe and secure. Ease of use for an IT provisioned, managed and secured workspace infrastructure that includes a start-up assistant that helps configure the computer system for automatic USB boot to Windows To Go, an easy-to-understand end-user interface and self-help options with links to useful webpages. A range of capacity options (32GB, 64GB, and 128GB).

 

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