Legit Reviews

SAN JOSE, Calif., Aug. 24, 2010 (GLOBE NEWSWIRE) -- OCZ Technology
Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance
solid-state drives (SSDs) and memory modules for computing devices and
systems, announces that it has made a strategic decision to discontinue
certain commodity level DRAM module products as part of an optimization
plan for its memory business to focus on specialty and high-performance
memory offerings.

The decision to optimize the DRAM module business comes after careful
consideration from OCZ's Board of Directors, and is being implemented
now as the Company has reached sufficient scale in its Solid State
Drive segment. The plan is consistent with OCZ's publicly stated
strategy to focus resources on the continued growth in its SSD
business, while scaling back on non-core, low-margin product lines.

OCZ is committed to continuing to deliver its core high-performance
DRAM module products to its customers on an ongoing basis. The Company
anticipates that the increased focus on high-performance memory
products will also provide margin efficiencies in SSD production, due
to the synergies in manufacturing, purchasing, and product development.

OCZ's commodity DRAM module products represent roughly 70% of the
Company's overall DRAM module revenue (approximately $70 million TTM),
which over the past 6 quarters has operated at less than 3% average
gross margins.

These products will be taken out of production during the 2nd and 3rd
fiscal Quarters, which end August and November 2010 respectively. The
Company anticipates the transition will have a positive effect on
operating margins, and plans to issue pro-forma financial statements
beginning with the upcoming second quarter results, through the
completion of the transition.

"OCZ continues to focus on Solid State Drive products and away from the
rapidly commoditized standard speed DRAM module market; I am excited
that we have been able to gain sufficient SSD manufacturing scale
allowing us to focus on our strengths," commented Ryan Petersen, CEO of
the OCZ Technology Group, Inc.

Mr. Petersen added, "Our R&D driven SSD business is performing well and
is anticipated to be the majority of our revenue going forward, thus
the next logical step is refocusing our DRAM business in the
high-performance segment--a limited but more profitable market in which
we have traditionally excelled."

"For fiscal 2011, OCZ's prior revenue guidance was in the range of $200
million to $215 million. We are adjusting DRAM module revenue guidance
down by $35.0 million, but all other product lines are anticipated,
based on current booking rates, to be in line with expectations.
Adjusted revenue guidance is now a range of $165 million to $180
million."

About OCZ Technology Group, Inc.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. ("OCZ"),
is a leader in the design, manufacturing, and distribution of high
performance and reliable Solid State Drives (SSDs) and premium computer
components. OCZ has built on its expertise in high-speed memory to
become a leader in the SSD market, a technology that competes with
traditional rotating magnetic hard disk drives (HDDs). SSDs are faster,
more reliable, generate less heat and use significantly less power than
the HDDs used in the majority of computers today. In addition to SSD
technology, OCZ also offers high performance components for computing
devices and systems, including enterprise-class power management
products as well leading-edge computer gaming solutions. For more
information, please visit: www.ocztechnology.com.

The OCZ Technology Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7439

Forward-Looking Statements

Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements
involving known and unknown factors that may cause actual results of
OCZ Technology Group, Inc. to be different from those expressed or
implied in the forward-looking statements. In this context, words such
as "will," "would," "expect," "anticipate," "should" or other similar
words and phrases often identify forward-looking statements made on
behalf of OCZ. It is important to note that actual results of OCZ may
differ materially from those described or implied in such
forward-looking statements based on a number of factors and
uncertainties, including, but not limited to, market acceptance of
OCZ's products and OCZ's ability to continually develop enhanced
products; adverse changes both in the general macro-economic
environment as well as in the industries OCZ serves, including computer
manufacturing, traditional and online retailers, information storage,
internet search and content providers and computer system integrators;
OCZ's ability to efficiently manage material and inventory, including
integrated circuit chip costs and freight costs; and OCZ's ability to
generate cash from operations, secure external funding for its
operations and manage its liquidity needs. Other general economic,
business and financing conditions and factors are described in more
detail in "Item 1A - Risk Factors" in Part II in OCZ's Annual Report on
Form 10-K filed with the SEC on May 20, 2010. The filing is available
both at www.sec.gov as well as via OCZ's website at
www.ocztechnology.com. OCZ does not undertake to update its
forward-looking statements.