McKINNEY (June 6, 2013) – Hie Electronics, a pioneer of innovation for long-term, scalable data storage solutions and the manufacturer of the TeraStack® Solution, announced it has reached an agreement with General Electric (NYSE:GE) as a licensee of GE’s new cloud store manager software.
The cloud store manager software was developed by GE to meet GE’s data archival needs. It delivers enterprise grade security and scale by interfacing to different data formats and diverse cloud storage services so information is protected, reliably stored and available when needed.
“Hie Electronics is a perfect company for us to partner with on the first licensing agreement of our cloud store manager because of their experience and knowledge in the long-term data archiving industry,” said Juan Becerra, Vice President Research Circle Technology, GE Idea Works. “We look forward to joining Hie’s Business Advisory Board and supporting their growth strategy with this new cloud-based offering.”
Hie Electronics is a leader in the Active Archive™ data storage system technology industry and the manufacturer of the TeraStack® Solution, an Active Archive™ processing, data backup and archiving system. It allows for application hosting, up to 100 terabytes of data to be nearline accessible on Blu-ray optical media, up to 64 terabytes of data on online hard drives, and is scalable into petabytes with multiple systems in a clustered architecture. A sampling of Hie’s current customers includes the Department of Justice, AbbVie (formerly Abbott Laboratories), Memphis Police Department, PrimeLending and the Dallas Museum of Art.
“We are very pleased to reach an agreement with GE regarding the use of their cloud store manager,” said Patrick Humm, Founder and President of Hie Electronics. “Having a cloud-based management software application like GE’s cloud store manager allows us the opportunity to package our award-winning TeraStack Solution in a cloud-based offering for long-term data archiving.”
The TeraStack® Solution can be used for financial services applications as well as medical industry applications, critical data backup, digital asset management, film and video archiving, forensic evidence data storage, geospatial imaging data archiving and storage and digital video surveillance storage.
About Hie Electronics
Hie Electronics is a leader in the Active Archive™ data storage system technology industry and the manufacturer of the TeraStack® Solution, an Active Archive™ processing, data backup and archiving system. It allows for application hosting, 50-100 terabytes of data to be nearline accessible on Blu-ray optical media, and up to 64 terabytes of data on online hard drives. The company has been recognized by Frost and Sullivan with the “American Video Surveillance Product Innovation of the Year Award” and the “Data Storage Technologies Green Excellence Award in Technology Innovation,” for its ability to reduce energy costs with its storage technologies. A leader in Sustainable IT technology, the Hie Electronics TeraStack® Solution product line delivers a 90 percent energy cost savings when compared with that of current technology. Hie Electronics is an Energy Star Small Business Network participant and a stakeholder in the Energy Star Enterprise Storage Initiative. For more information about Hie Electronics and the innovative TeraStack® Solution, visit the company’s website at hie-electronics.com.
About GE Idea Works
GE Idea Works transforms big ideas into market realities to make the world work better. With a focus on accelerating innovation, we forge strategic partnerships to create opportunities and invite collaboration. Our creative licensing and joint development solutions capture the value of the GE brand and extend the reach of GE technology around the world. For more information on GE Idea Works, visit geideaworks.com.