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Ralph Schmitt Appointed As President And CEO Of OCZ Technology Group, Inc. (OCZ)

|Includes: OCZ Technology Group Inc (OCZ)

OCZ Technology Group is a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems. The company announced that they appointed Ralph Schmitt, a recent member of their Board of Directors, as President and CEO, effective immediately. Mr. Schmitt previously served as president and CEO of PLX Technologies, Inc., a provider of semiconductor-based connectivity solutions primarily targeting the enterprise and consumer markets.

"I am pleased to announce that OCZ's board has appointed Ralph Schmitt as the Company's president and chief executive officer," said Adam Epstein, OCZ's lead independent director. "Ralph's knowledge of OCZ's business, customers, and target markets along with his extensive management experience and technical expertise make him the ideal person to lead OCZ through the next phase of its development."

Mr. Schmitt stated, "I am excited and honored to have been asked to lead OCZ, and look forward to working with the Company's talented, dedicated employees to deliver leading solid state solutions. Innovation, quality and profitability will be the principles that drive the Company going forward. We will overcome some near term tactical challenges, and we will focus relentlessly on increased value to both our investors and customers. We have an amazing opportunity in front of us and we will take full advantage of our position, products and people to be successful."

OCZ is a San Jose based company that was founded in 2002. The company is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. OCZ offers a wide-range of solid state drives (SSDs). The company delivers vertically integrated, customizable solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged across a wide range of client and enterprise applications.

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