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First OEM Product Featuring Overland Storage's REO Protection OS(TM) Brought to Market

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(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Overland Storage, Inc.
4820 Overland Ave.
San Diego, CA, 92123
USA



Press release date: May 30, 2006

Tier-One OEM Leverages Overland's VTL Leadership With New SMB Solution

SAN DIEGO, May 30 / Overland Storage, Inc. (NASDAQ:OVRL) today announced that the first OEM product featuring the REO Protection OS(TM) intelligent, embedded data protection software has been brought to market. The introduction of these products furthers Overland's long-established leadership position in the virtual tape library (VTL) market.

"As the world's best-selling disk-based backup and recovery appliances, the REO SERIES leverages the intelligence, flexibility and VTL functionality of REO Protection OS, providing customers with the highest level of data protection," said Christopher Calisi, president and chief executive officer, Overland Storage. "With the introduction of this new line of OEM products, Overland has expanded its reach into small to medium-sized organizations that need unattended backup and improved restore performance. We are very pleased to see this product come to market."

Previously available only through Overland's branded REO SERIES(TM) disk-based backup and recovery appliances, the REO Protection OS delivers embedded data protection intelligence including sophisticated virtualization, management and connectivity features. Additionally, the built-in virtual tape library (VTL) functionality allows disk-based appliances to be configured as any combination of virtual tape libraries, virtual tape drives and/or disk volumes, providing maximum flexibility while preserving the initial hardware investment.

"Through both OEM and branded products, Overland will continue to simplify data protection for our partners and customers through innovative, affordable solutions," Calisi added. "We look forward to powering future products with the REO Protection OS."

About Overland Storage

Now in its 25th year, Overland Storage is a market leader and innovative provider of simply protected storage solutions -- smart data protection appliances and software modules designed to work together, affordably, to ensure that information is automatically safe, readily available and always there. Overland's award-winning data protection solutions include the ULTAMUS SERIES(TM) of protected primary storage appliances; the REO SERIES(TM) of disk-based backup and recovery appliances; and the NEO SERIES® of tape libraries. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at www.overlandstorage.com.

Source: Overland Storage, Inc.

CONTACT: Melinda Hutcheon, PR Manager of Overland Storage, +1-858-495-4187, mhutcheon@overlandstorage.com

Web site: http://www.overlandstorage.com/
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