Last $5.21 USD
Change Today -0.02 / -0.38%
Volume 68.6K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 Imation Way

Oakdale, MN 55128-3414

United States

Phone: 651-704-4000

Fax: 888-704-4200

Imation Corp. operates as a storage and data security company. The company’s portfolio includes commercial and consumer data storage and security products, as well as products designed to manage audio and video information in the home. The company reaches customers in approximately 100 countries through a global distribution network. In 2011, the company signed a strategic agreement with TDK Corporation (TDK) to jointly develop and manufacture magnetic tape technologies. Under the agreement, the company collaborates on the research and development of future tape formats in both companies’ research centers in the U.S. and Japan, and consolidated tape coating operations to the TDK Group Yamanashi manufacturing facility. The company’s global brand portfolio includes the Imation brand, the Memorex brand, the XtremeMac brand, IronKey brand and the Nexsan brand. The company is also the exclusive licensee of the TDK Life on Record brand. Products The company has three major product categories: traditional storage, secure and scalable storage, and audio and video information. Traditional Storage Traditional storage products include optical media products, magnetic tape media products and other traditional storage media products. The company’s optical media products consist of CDs, DVDs and Blu-ray recordable media. It sells high capacity Blu-ray discs which are used primarily for recording high-definition video content. The company’s recordable optical media products are sold through various retail and commercial distribution channels and sourced from manufacturers in Taiwan and India. Optical storage capacities range from 700 megabyte (MB) CD-R (recordable) and CD-RW (rewritable) optical discs to 8.5 gigabyte (GB) dual layer DVD optical discs and Blu-ray discs with 25 GB to 100 GB of capacity. The company’s optical media is sold throughout the world under brands the company owns or control, including Imation, Memorex and TDK Life on Record. The company’s magnetic tape media products are used for back-up, business and operational continuity planning, disaster recovery, near-line data storage and retrieval and for mass and archival storage. Capacity of its tape products range from less than 10 GB up to 6.25 terabytes (TB) per cartridge. Its magnetic tape products are sold throughout the world under various brands. Other traditional storage products primarily include optical drives and audio and video tape media. Secure and Scalable Storage Secure storage products and software include USB flash drives and external hard drives designed to meet the most stringent security standards to protect data at rest with Federal Information Processing Standard (FIPS) validation, password and biometric authentication, including biometric USB drives, encrypted and biometric hard disk drives, secure portable desktop solutions and software solutions. Flash media products with security features provide margins significantly higher than traditional flash media without data security. The company also sells standard USB flash drives and external hard disk drives throughout the world under its Imation, Memorex and TDK Life on Record brands. It sources these products from manufacturers primarily in Asia and sells them through various retail and commercial distribution channels around the world. USB flash drives have capacities ranging from 2 GB up to 128 GB. External hard disk drives have capacities ranging from 500 GB to 3 TB. Scalable storage products include DataGuard data protection appliances and InfiniVault storage appliances for active archiving and compliance. The company’s portfolio also includes the Imation RDX removable hard disk drives which are high-capacity, rugged and removable 2.5-inch hard disk drive cartridges with 320 GB to 1.5 TB capacities. The company’s storage appliances incorporate RDX technology and the company provides RDX removable hard disk drives, single dock systems and multi-bay RDX storage libraries. Through the acquisition of Nexsan, the company added additional storage systems to its portfolio, including the Nexsan E-Series disk arrays with storage density, reliability and power man

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