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FalconStor Software, Inc. (FALC) Founder Barry Rubenstein Awarded The 2013 Long Island Technology Hall Of Fame Entrepreneur Award

|Includes: FalconStor Software, Inc. (FALC)

FalconStor Software, a market leader in disk-based data protection, announced that one of its founders and current board member, Barry Rubenstein, has been awarded The Long Island Technology Hall of Fame Entrepreneur Award for his efforts in building Long Island as a technology business hub. In addition to the award, Rubenstein, along with other Long Island science and technology business leaders, was inducted into The Long Island Technology Hall of Fame (OTC:LITHF) during the award ceremony earlier this week. By serving as an advisor to, investing in, and founding several local technology companies, Rubenstein has made significant contributions to Long Island's business community.

Now in its 12th year, LITHF has a long-standing tradition of honoring contributions of science and technology business leaders who have had or are having an impact on the region's economic development and commitment to the community. Individuals are selected by the awards committee according to intellectual acumen, lifetime achievement, overall impact on the advancement of science and technology, and national prominence.

"In awarding Long Island Technology Hall of Fame's Entrepreneur Award to Barry Rubenstein, the organization recognizes his exceptional talent and capabilities as an entrepreneur who will continue to benefit Long Island, now and in the future, as we position our region as a leading technology hub," commented Adam Silvers, partner at Ruskin Moscou Faltischek and member of the Long Island Technology Hall of Fame Selection Committee.

A general partner at Wheatley Partners, Rubenstein has a long history of investing in and founding technology companies, starting in 1969, signifying his commitment to building the Long Island business technology community. Rubenstein has been a founding consultant in several firms, including Applied Digital Systems, Inc.; FatWire Software; Novell, Inc.; Cheyenne Software, Inc.; Scan Source; and FalconStor Software. As a founder, past chairman and current board member of FalconStor, Rubenstein has contributed extensively to the establishment of the company's leadership in the data protection industry. He has continuously provided ongoing support for the Long Island technology community by serving as a valued advisor and board member for several different firms.

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