Data Deposit Box Inc. (the “Company”) (CSE: DDB, OTCQB: DDBXF, Frankfurt: 2DD), a global provider of cloud backup and recovery technology, is proud to officially make the first of three (3) “Smart Storage” products available to existing and new partners. The first product made available (called the DDB200) is a new local storage solution to the market that will run the Data Deposit Box Continuous Data Protection (CDP) cloud storage software providing complete business continuity for SME, SMB’s and SOHO businesses globally.
Commencing October 30th existing and new partners will be able to order the new DDB200 local storage solution to evaluate or resell to clients and the SMB globally. Commencing Oct. 28th Data Deposit Box will notify over 2500 partners and interested resellers that the DDB200 will be available to order on Oct. 30th with pre-ordering available starting on the 28th. The product will be the first in its kind to offer a patented continuous cloud backup and agentless cloud backup solution within a 4 bay hard drive system with cloud storage offering the industry’s most cost effective business continuity solution for the SMB globally.
“We are incredibly excited to begin selling and shipping the DDB200 product to our partners. The device (along with the DDB400 and DDB600 scheduled for release md-November) is something that we have been working on for several months and we are confident it will provide the positive revenue growth for the company”. The Data Deposit Box solution will offer very attractive pricing that will allow the reseller and partner to generate margin on the initial purchase and on a monthly recurring basis. said Tim Jewell, CEO of Data Deposit Box.
Data Deposit Box’s “Smart Storage” local storage device is a 4 bay storage system that is designed to provide a local and cloud based business continuity solution at a SMB price. The hardware is designed with redundant “NAS quality” hard drives that will provide maximum storage capacity and system uptime. Cloud storage will be coupled with the solution to provide a low cost offsite recovery point. This will create a one-time revenue gain from the device while creating a reoccurring monthly revenue stream from the bundled cloud storage. The model details are provided:
- Models: DDB200, DDB400 and DDB600
- Continuous Data Protection Technology
- 1TB of cloud storage
- 4TB – 8TB (raw) local capacity
- Remote Configuration and Administration
- Agentless Backup of Exchange, VMWARE, MSSQL, Hyper-V, SharePoint, QuickBooks and End point devices
- Partner Channel Only
- Use of DDB Patented “transparent tunnel” technology
“We have identified a significant demand for this product in today’s marketplace and we are now
able to begin to service that demand. We are very confident that this will be a major area of
growth for us and complements our existing product offerings as well as the SOHO and direct
consumer\retail market.” said Troy Cheeseman, President & COO, Data Deposit Box Inc. “The
SMB market (globally) is largely unserved with this type of product and service and due to DDB
product maturity and SMB design, DDB can offer the product and cloud service at a SMB price
while at same time DDB obtain a competitive per unit margin and gain significant per TB margin
on our cloud storage. Based on our current global footprint, DDB can begin selling the device in
NAM and EMEA as a first phase of the product launch. Having direct access to two major
regions in our product and market plan will make the device available to over 40MM small and
medium business. We are now able to provide the solution and turn our efforts into top line
revenue and expected growth. We continue to move on our Managed Services Provider and End
Device strategy and launching the DDB200 the beginning of changing our planning into
execution”. said Troy Cheeseman, President & COO, Data Deposit Box Inc
About Data Deposit Box
Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry
standard by providing the SMB market with the same level of security and protection that is
available to large enterprises. Data Deposit Box patented backup technology, known for its
Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious
industry awards and has been featured in many key industry publications.
Data Deposit Box technologies and solutions are currently used daily by over 200,000
customers, 1,000 resellers, 25 MSPs and private label partners for online backup and recovery,
archiving, disaster readiness, secure file sharing and remote access.
W. Clark Kent
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.