… Could Augment Working Capital

OCZ Technology Group, Inc. has filed a registration statement on Form S-3 with the U.S. Securities and Exchange Commission.

"Given the current hard disk drive shortage and the potential for material additional demand for our enterprise and server SSD products, we filed a shelf registration statement that provides OCZ with the flexibility to augment working capital should such demand materialize," said Ryan Petersen, CEO of OCZ Technology. "We do not require an equity financing for working capital to meet current demand levels."

Under this shelf registration process, we may, from time to time, offer and sell shares of our common stock in one or more offerings. The aggregate initial offering price of all shares of our common stock sold under this prospectus will not exceed $150,000,000.

The registration statement relating to these securities has been filed with the SEC, but has not yet become effective.