Project 802 signs partner agreement with CORAID® Inc.

CAPE TOWN - 3 March 2010

Project 802 has concluded a partnership agreement to promote and support CORAID products in Southern Africa.

CORAID® Inc is redefining the fundamental economics of storage with Ethernet SAN solutions that provide enterprises of all sizes with a flexible tier of high performance, scale-out storage. CORAID’s breakthrough EtherDrive storage platform has organically amassed over 1,100 customers, including large enterprise and government organizations, since its 2005 launch into the Linux market. Using innovative software with 100-percent commodity hardware and raw Ethernet, EtherDrive storage arrays enable a scale-out SAN architecture that is ideally suited to dynamic virtualization and cloud environments. Starting at under $500 per terabyte and scaling to multiple petabytes, EtherDrive delivers a 5-8x price performance advantage over legacy Fibre Channel and iSCSI solutions, while eliminating layers of complex SAN management.

“Business partners are key to bringing disruptive technologies like CORAID EtherDrive to market,’

said Josh Leslie, vice president of channels and business development at CORAID.

“We know that our partners are the trusted advisors to IT buyers, and for this reason, we are selling our products 100 percent through the channel.”

Project 802 has begun investing in skills to support the CORAID products over the coming months. This investment will ramp-up during 2010 and will be used as one of the vehicles to improve Project 802’s BBBEE status from Level 3 to Level 2 before the end of 2010.