NETGEAR Redefines Home and Small Business Storage
New ReadyNAS systems double performance, set new price points and enable cloud storage
SAN JOSE, Calif. – Nov. 9, 2011 — NETGEAR®, Inc. (NASDAQGM: NTGR),a global networking company that delivers innovative products to consumers, businesses and service providers, today announced new versions of their ReadyNAS® Duo and ReadyNAS NV+ network attached storage systems. Value-conscious business users and home media enthusiasts may now access data twice as fast as previous generations, pay up to 30% less than similar products, and still receive 24/7 support and a 3 year warranty. A completely updated interface means that in as few as 8 mouse clicks users can create a secure private cloud for storing and accessing their music, photos, videos and documents from anywhere in the world.
The two-bay ReadyNAS Duo v2 and 4-bay ReadyNAS NV+ v2 systems redefine reliability, affordability and simplicity for professional and home users alike. Both systems include hot-swap disk drive bays and automatic capacity expansion, as well as USB 3.0 ports (an industry first) for up to 20% speedier backups. An updated photo sharing application allows print quality private photo sharing without 3rd party services or fees. Both include ReadyNAS Remote, a mobile app for iOS, Android, PC and Mac platforms that delivers 128-bit SSL access to information stored on the ReadyNAS from anywhere. And finally, both can stream music, HD movies and photos to home media devices like TVs, game consoles and TiVo.
Gartner ranks* NETGEAR's ReadyNAS family of unified storage products as the global leader in the sub-$5000 price band. "Many small businesses have witnessed a drastic increase in the amount of digital content, such as digital imagery and archival records in medical or professional service applications" said Pushan Rinnen, Research Director for storage at Gartner Inc. "Meanwhile, it has become increasingly important for digital content to be accessed from mobile devices and to be backed up properly for protection. A NAS system can solve these problems and has become a critical component in modern offices without strong local IT expertise."
"Redesigned in a big way, the ReadyNAS Duo v2 and NV+ v2 are great additions to the ReadyNAS family," explains Matthew Mulvaney, a long-time ReadyNAS user. "The sleek new interface makes administration easier than ever before and after just a few clicks through the setup wizard, the system is ready for use. My mobile devices can use it seamlessly and sharing photos with friends and family is a breeze. I can amaze them with a slideshow of photos set to their favorite music. It's basically become my own private cloud!"
"Businesses and home users are interacting with more devices, from more locations, and with more information than ever before," said Matt Pahnke, NETGEAR's storage product marketing manager. "Sharing data between devices and locations is only getting more difficult. NETGEAR's ReadyNAS Duo v2 and NV+ v2 are cost-effective and incredibly easy-to-use solutions to the content sprawl problem, ensuring capacity and secure mobile access."
Pricing and Availability
These two new products are available worldwide from November 13th.Suggested retail prices start at $199 for the Duo v2 and $399 for the NV+ v2.
Both ReadyNAS systems come with 90 days of 24/7 technical support in over 16 languages worldwide and a three year limited warranty. Additional ProSupport service upgrades for next-business-day part swap are also available.
To learn more about both ReadyNAS Duo v2 and NV+ v2, please visit www.netgear.com/private-cloud
*Gartner. Inc., Market Share: Network-Attached Storage/Unified Storage, Worldwide, 2010, Pushan Rinnen, March 21, 2011.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of big IT. The company also supplies top service providers with retail proven, whole home solutions for their customers. NETGEAR products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in approximately 28,000 retail locations around the globe, and through more than 37,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. More information is available at http://www.NETGEAR.com or by calling (408) 907-8000. Connect with NETGEAR athttp://twitter.com/NETGEAR and http://www.facebook.com/NETGEAR.
© 2011 NETGEAR, Inc. NETGEAR, ReadyNAS and the NETGEAR logo are registered trademarks of NETGEAR, Inc. in the United States and/or other countries. The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR's products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," pages 46 through 63, in the Company's quarterly report on Form 10-Q for the fiscal quarter ended July 3, 2011, filed with the Securities and Exchange Commission on August 9, 2011. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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