Imation and MXI Security Partner

Imation Corp. has signed an agreement with MXI Security, in managed portable security solutions, to develop and manufacture a line of highly secure data storage devices.

Under the agreement, the companies will incorporate MXI Security’s advanced technologies for user authentication, digital identity and data encryption, including MXI’s patent-pending Bluefly Processor technology, into a line of new Imation-branded storage devices. Imation expects to launch the first of these new highly secure devices, including USB flash drives and external hard disk drives, through its global distribution channels by the end of first quarter, 2010.

“We are pleased to announce this important agreement with MXI Security,” said Keith Schwartz, director of strategic growth for Imation’s global commercial business. “For more than fifty years, we’ve provided critical data storage support to both government and commercial users, who are facing increasingly stringent security and regulatory requirements. By working with MXI, well known in the industry for its robust security technology and high-quality manufacturing, we can offer a new level of security products to our customers. Our new line of secure data storage products will be FIPS (Federal Information Processing Standards) validated and manufactured in the U.S., both key requirements for our U.S. government users. Our products will also be CSEC (Communications Security Establishment of Canada) certified for our Canadian customers.”

“MXI looks forward to this strong new partnership with Imation,” said Lawrence Reusing, CEO of MXI Security. “Imation is among the most trusted and well known data storage brands in the world, with a global reach and strong user support across all regions of the world. By combining the Imation brand with MXI’s technology, we can offer superior, secure solutions to businesses and governments that demand the utmost in data security.”

Imation expects to launch the first products in its new line of secure, FIPS-certified USB flash drives and external hard drives powered by the Bluefly Processor in March 2010. More information on product specifications, pricing and availability will be provided at that time.