NEW YORK, April 23, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of OCZ Technology Group, Inc. (Nasdaq:OCZ) commenced today on The NASDAQ Stock Market (NASDAQ). OCZ Technology Group, a worldwide leading provider of high-performance solid state drives (SSDs) and memory modules for computing devices and systems, trades on NASDAQ under the ticker symbol OCZ.
"We are pleased to welcome OCZ Technology Group to NASDAQ, the market of choice for public technology companies," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. "With an array of products and services, NASDAQ offers unmatched support to companies like OCZ Technology Group, a dominant player in the manufacturing and distribution of solid state drives -- a game-changing technology."
Ryan Petersen, CEO of the OCZ Technology Group, commented: "Trading on the NASDAQ has been a goal of OCZ since we listed in the U.S., and our approval is a significant milestone for our shareholders. Our core initiatives are focused on strengthening our position in the burgeoning SSD market, which our recent announcements on retail and enterprise product launches and the signing of distribution partners for our SSD products represent. We look forward to gaining visibility on the NASDAQ and utilizing the benefits of trading on the exchange."
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. 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 as leading-edge computer gaming solutions. For more information, visit http://www.ocztechnology.com. To sign up for OCZ Email alerts, click http://ir.stockpr.com/ocztechnology/request-information.
There are approximately 684 technology companies listed on The NASDAQ Stock Market, which represents approximately 80% of publicly traded technology companies in the U.S. markets.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
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The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Neither The NASDAQ OMX Group, Inc., nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1(301) 978-4875 Wayne.D.Lee@NASDAQOMX.Com
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