Imation Corp. today announced that it has entered into a confidential settlement agreement ending all legal disputes with Philips Electronics N.V., U.S. Philips Corporation and North American Philips Corporation (collectively “Philips”). The companies had been previously involved in a complex series of disputes in multiple jurisdictions regarding cross-licensing and patent infringement related to recordable optical media. The settlement provides resolution of all claims and counterclaims filed by the parties without any finding or admission of liability or wrongdoing by any party.

As a term of the settlement, Imation will pay Philips $53 million over a period of three years. Other terms of the settlement were not disclosed. As a result of the settlement, Imation expects to record a charge, based on the present value of these payments, of approximately $49 million or $0.81 per share in the second quarter of 2009. The pre-tax cash impact for 2009 will be approximately $16.5 million, occurring during the second half of this year.

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Verbatim Americas, LLC an industry leader in the data storage industry for 40 years, announced today its new SureFire™ line of portable combo FW800/USB2 HDDs. Available now with capacities of 250GB, 320GB and 500GB, the rugged palm-sized drives combine power, convenience and the reliability of the Verbatim brand with a compact, sleek design. With the ability to plug the drives into almost any computer, Windows® and Mac® users can quickly and cost-effectively increase the storage capacity of their laptop or desktop system, or quickly transfer large files between computers.

The bus-powered drives are equipped with one USB 2.0 port, and one FireWire® 800 port to deliver high-speed transfer rates of up to 800MB/sec. for FireWire 800 connections and 480MB/sec. when connected with USB 2.0--without requiring an AC power adapter. Ready to use right out of the box, all cables are included.

Super Talent Technology, a leading manufacturer of Flash storage solutions and DRAM memory modules, today began shipping a 128GB USB 2.0 flash drive that includes AES-256 hardware encryption as a standard feature.

The new 128GB Luxio drive is smaller in size than most competing 64GB USB drives, measuring approximately 77 x 21 x 10 mm (3.0 x 0.81 x 0.37 inches). The pocket-sized drive stores up to 40,000 six megapixel photos or up to 32,000 MP3 songs. The 128GB Luxio is offered in three colors: black, silver and wood grain, and is packaged in an elegant gift box. Each drive comes with a custom black leather carrying case. Windows 7 compatible Luxio drives are now available in capacities from 16GB to 128GB.

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Active Media Products, maker of unique storage solutions including the WWF endangered species USB drives, today announced immediate availability of their new SaberTooth SSDs that are custom designed for Asus Eee PC upgrades.

This new line of SaberTooth SSDs is built with MLC NAND flash to deliver exceptional performance. These SSDs have been tested with and are guaranteed to operate with Eee PC S101, 900, 900A and 901 models. The SaberTooth SS, offered in 16, 32 and 64GB capacities, is the fastest available SSD upgrade for the Eee PC, supporting sequential read speeds up to 155 MB/sec and write speeds up to 100 MB/sec. The SaberTooth S is offered in 16 and 32GB capacities, and supports sequential read speeds up to 90 MB/sec and write speeds up to 55 MB/sec. All these products use standard 3Gbps SATA-II signaling and a Mini PCI express connector, as used in compatible Eee PC models.