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FalconStor Software Forges Strategic Relationship With Global IP Network Solutions Manufacturer Huawei-3Com Technology

Posted on: Thursday, 9 March 2006, 12:00 CST

FalconStor Software, Inc., the premier developer of adaptive data protection solutions, and Huawei-3Com Technology Co., a leading global manufacturer of IP network solutions, announced today that they have entered into a strategic partnership in the IP Network Storage market.

"As the trend towards convergence between networking and storage continues, it's logical that an aggressive network technology company like Huawei-3Com would strive to provide a total network and storage solution to its customers," said Albert Huang, Vice President of R&D Department, Huawei-3Com. "For this reason, we coined the term 'IT over IP' (IToIP) this year to signify our vision of computing, communications and storage systems coming together as a value-added offering to our customers; Huawei-3Com's IP storage solution powered by FalconStor's technology represents a significant milestone in the execution of this vision."

"We chose to partner with FalconStor because IPStor's open architecture and application-centric paradigm allow us to provide innovative data protection solutions with minimal operating cost and maximum Return on Investment (ROI)," Albert Huang continued. "FalconStor's recognition of the explosive growth opportunity in AsiaPac and its build-up of engineering/support capacity in China will facilitate the continuing collaboration and delivery of advanced network storage solutions targeting the worldwide market."

"We are exceptionally pleased to be the storage technology company of choice for Huawei-3Com as it ventures deeper into the network storage technology market," said Dr. Eric Chen, General Manager of FalconStor Asia Pacific. "With deep networking experience, a nationwide support and service system, and a robust marketing program composed of both direct sales and channel partners, Huawei-3Com is well positioned to succeed with its new product line."

Huawei-3Com provides global customers with a full range of networking products and solutions. For its Neocean product line, Huawei-3Com will focus on both enterprise and small and medium-size business markets across major vertical industries.

About Huawei-3Com Technology

Created in 2003 as a joint venture by Huawei Technologies Co., Ltd., and 3Com Corp. Huawei-3Com offers a full portfolio of IP-based networking solutions, including enterprise routers, switches, security, IP network storage, small office/home office products, voice/video products, and wireless LAN. Huawei-3Com is headquartered in Hong Kong with principal operations in Hangzhou, China, and R&D centers in Hangzhou, Beijing, and Shenzhen. For more information, visit www.Huawei-3Com.com.

About FalconStor

FalconStor Software, Inc. (Nasdaq: FALC) is the premier developer of adaptive data protection solutions that optimize data center efficiency and business continuity for all IT infrastructures. The company's innovative storage virtualization, continuous data protection (CDP), disaster recovery, and virtual tape library (VTL) solutions integrate seamlessly to ensure rapid data recovery and simplified storage management. Available from major OEMs, system integrators, and resellers, FalconStor products - including award-winning IPStor(R) and VirtualTape Library software - are deployed worldwide by governments, educational institutions, and Fortune 1000 enterprises across industries including aerospace, energy production, financial services, healthcare, law, manufacturing, and telecommunications.

FalconStor is headquartered in Melville, New York, with offices throughout Europe and the Asia Pacific region. FalconStor is an active member of the Storage Networking Industry Association (SNIA) and Fibre Channel Industry Association (FCIA). For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

This press release includes forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include: delays in product development; market acceptance of FalconStor's products and services; technological change in the storage and networking industries; competition in the network storage software market; the potential failure of FalconStor's OEM partners to introduce or to market products incorporating FalconStor's products; intellectual property issues; and other risk factors discussed in FalconStor's reports on Forms 10-K, 10-Q, and other reports filed with the Securities and Exchange Commission.

FalconStor and the FalconStor logo are trademarks or registered trademarks of FalconStor Software, Inc. All other company and product names contained herein may be trademarks of their respective holders.

Source: Business Wire

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