Wednesday, 26 October 2005 14:05 EST

LapiStor Ltd - which specialises in the design and manufacturer of high-performance and cost-effective data storage solutions - today announced that senior management within the company have completed a buyout of the firm. This Management Buyout has been led by Managing Director, Tony Howard, and Technical Director, Andrew Double.

Identifying the main benefits that will flow from the MBO, Tony Howard said "We expect to take advantage of faster decision making and will not be restrained by the delays inherent in the corporate governance of public companies. Certainly, as owners, we will have a much more motivated management team.

"Leading market analysts agree in issuing strong growth forecasts for our sector of the Storage market and we expect to capitalise on that opportunity. We are, also, well-placed to satisfy the rapidly rising demand for SATA-II technology and expect to reap the rewards of recent investments in technical pre & post sales support.

"Innovative recent product features have helped us to achieve a number of significant design wins in new markets, and we are forecasting that company turnover will significantly increase in 2006."

About LapiStor
With a strong international outlook, LapiStor is a UK based company that specialises in data storage solutions for markets worldwide.

Recognised for its comprehensive capability, the company has extensive technical design and support skills - as well as dedicated ISO9001 manufacturing facilities - which enable it to provide reliable storage solutions - based on specialist expertise.

A member of SNIA Europe, LapiStor is widely respected for the design, development, manufacture and support of high-performance, cost-effective storage solutions.

Time to market and the fast introduction of new technologies is a hallmark of the company's approach, and its after-sales support includes installation and a range of on-site services and maintenance.

In addition to its expert, in-house design and development capability, the company's distinguishing features also include a flexibility that enables it to undertake small-batch production for individual customer designs and features and to provide customers with an outstanding service across all European Time Zones.

Its products are used not only in IT departments and networks, but also in specialist roles, including CCTV, Telecommunications, ISPs, Seismic recording, and Voice recording.

LapiStor designs and builds its own branded solutions, which include the DiscPacTM and DataPacTM ranges of products. In addition, as a bespoke sub-contractor, LapiStor, also, designs and builds data storage solutions for OEMs, Value Added Integrators and Solution Providers. The company offers full customer branding of the product, including packaging, manuals, logos and GUI. An important area of activity within the company is the provision of engineering services to OEM and other customers in the design of their own RAID solutions.

Founded in 1999, the company has built up a strong balance sheet over the years. Its high-quality, storage units are designed and assembled in its own
ISO9001 certified factory in Yorkshire and the company has regional sales offices in the UK, USA and Israel. Technical Support Services are based in the UK & USA.

LapiStor Ltd, New Works, New Line, Greengates, Bradford BD10 9AP, United Kingdom.
Tel 01274 610800; Fax 01274 610888
Email:
Website: www.lapistor.com