Seagate And DensBits Team Up To Improve SSDs

We often ask, why can't the world just hug it out and get along. Just look at Apple vs. Samsung, if you need an example. Today, however, there's a story about just that. Seagate and DensBits have just announced a new strategic agreement for development of SSDs, for both the consumer and enterprise spaces. DensBits, if you haven't heard, is the inventor of the world's first Memory Modem. In conjunction with the agreement, Seagate has made an undisclosed equity investment in DensBits.

The two are teaming up in order to reduce costs and hopefully make the adoption of SSDs a bit more widespread. The Memory Modem controller technology will be integrated with Seagate's various storage technologies in order to power a slew of new devices, including 3 bits/cell 1Xnm Flash-based consumer SSDs, and 2 bits/cell 1Xnm Flash-based enterprise SSDs. Hard to say when we'll see any fruits of the labor, but surely the two will start combining thoughts in short order.

Seagate and DensBits Announce Strategic Agreement for Development of Solid State Drives for Consumer and Enterprise Markets

Seagate Makes Equity Investment in DensBits

CUPERTINO, Calif. & HAIFA, Israel--(BUSINESS WIRE)--Seagate Technology plc (NASDAQ: STX) the worldwide leader in hard disk drives and storage solutions, and DensBits Technologies Ltd ("DensBits") the inventor of the world's first Memory ModemTM have announced today 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 significant cost savings, extremely high reliability, and unparalleled performance. Under the agreement, DensBits' Memory ModemTM 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.

"For the last 30 years, Seagate has delivered technology and product innovation to become the global leader in storage solutions, from high-end enterprise drives to solid-state hybrid drives," said Rocky Pimentel, Seagate chief sales and marketing officer. "Seagate is excited to be working with the talented DensBits team and believes we have a significant opportunity with our new strategic relationship to extend our leadership into the SSD market."

"We are very excited at the opportunity of collaborating with Seagate," said Ilan Hen, DensBits' Chairman and CEO. "This is yet another testament to our technology leadership, and we strongly believe that the coupling between DensBits' unique Memory ModemTM controller technology and Seagate's exceptional storage capabilities across the board could truly disrupt the industry."