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XIOtech TEAMS WITH SIEMENS MEDICAL SOLUTIONS HEALTH SERVICES

XIOtech Corporation, a wholly owned subsidiary of Seagate Technology and a storage area network (SAN) pioneer, has announced an alliance with Siemens Medical Solutions Health Services Division to cooperate in the sale of data management and storage systems and collaborate on joint marketing efforts for the healthcare market. XIOtech and Siemens are combining their resources to meet the needs of healthcare organizations requiring efficient data consolidation, central storage, high availability solutions, and improved data management as the industry prepares for current and future regulations, such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA).

The XIOtech-Siemens agreement combines the global expertise of Siemens Medical Solutions, one of the largest suppliers to the healthcare industry in the world, and XIOtech's longstanding history of storage implementations with top healthcare organizations nationwide. Both companies intend to cooperate in sales, project engineering, system integration, and implementation of joint projects in healthcare facilities.

"Our agreement grows out of the momentous shift happening in the healthcare field over the last few years, where information technology has become a powerful enabler of patient care," said Dan McCormick, vice president of worldwide marketing at XIOtech. "With Siemens and XIOtech, healthcare organizations can continue to evolve and maximize their investment in information technology, which helps to enable more efficient healthcare delivery."

Passed in 1996, one component of HIPAA is designed to protect confidential healthcare information and to allow for secure transmission of patient information. It also identifies compliance guidelines for critical business tasks such as risk analysis, awareness training, audit trail, disaster recovery plans and information access control and encryption. At the same time, the data contained in Hospital Information Systems (HIS) combined with clinical imaging information has been growing and requiring more stringent management. To help customers face this information explosion with proven and reliable data management solutions, XIOtech has teamed with Siemens to provide best-of-breed storage systems and software on a world-class information infrastructure.

About XIOtech

XIOtech Corporation, a wholly owned subsidiary of Seagate, develops comprehensive network storage solutions for business customers. The XIOtech MAGNITUDE hardware platform is based on the company's exclusive REal-Time Data Intelligence (REDI) software family -- the first in the industry to incorporate true storage virtualization. The MAGNITUDE hardware platform, along with XIOtech's comprehensive suite of application-specific software, makes storing, managing, safeguarding, and retrieving data on heterogeneous computing platforms easy and cost effective. For more information, visit XIOtech's Web site at www.xiotech.com, call 952-983-3000, or email info@xiotech.com.

About Seagate

Seagate is one of the world's leading providers of storage technology for Internet, business, and consumer applications. The company's products include disk drives for the enterprise, PC, and consumer electronics markets, as well as SAN solutions. Seagate's market leadership is based on delivering award-winning products, customer support, and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

About Siemens

Siemens Medical Solutions of Siemens AG with headquarters in Iselin, NJ and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is renowned for its innovative solutions, including imaging systems for diagnosis, therapy equipment for treatment, hearing instruments, and critical care and life support systems, as well as a wide array of information technology and data management solutions that optimize workflow and increase efficiency in hospitals, clinics and doctors' offices. The company is known as the premiere health information application service provider processing more than 116 million transactions daily and managing more than 67 terabytes of data -- twice the information volume of the Library of Congress. Employing approximately 30,000 people worldwide, the company reported sales of 7.2 billion EUR, orders of 8.4 billion EUR and EBITA and 808 million EUR in fiscal 2001 (September 30).

Siemens AG, headquartered in Munich, is a leading global electronics and engineering company. IT employs 450,000 in 193 counties, and reported worldwide sales of more than $74 billion in fiscal 2001 (10/1/00 - 9/30/01). The United States is Siemens' largest market, with nearly 80,000 employees and sales of $18.9 billion for fiscal 2001. For more information about Siemens in the U.S., visit www.usa.siemens.com.

Contact: Rachel Gold, Xiotech Corporation, 952-983-2278, Rachel--Gold@XIOtech.com.