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Storage Access Aligns With FalconStor To Deliver Managed Storage Services Over An IP-Based Storage Area Network 10:40 GMT-04:00 Monday, June 25, 2001 Storage Access To Leverage IPStor's Storage Virtualization and Provisioning Service over IP FalconStor, Inc., and Storage @ccess Technologies Inc. (CDNX: SSP) today announced that Storage Access has adopted FalconStor's network storage infrastructure software, IPStor, to enhance Storage Access' offerings to the SSP marketplace, resulting in an optimized SSP solution using an IP-based SAN. In addition, Storage Access, a leading storage service provider, will use IPStor to deliver integrated SAN and NAS services over IP from its global network of Storage Network Access Points (SNAPs). Storage Access will embrace IPStor as a key part of its enterprise-class family of storage solutions. These solutions will leverage IPStor's high performance, key-based security, virtualization, and IP connectivity to enable Storage Access to deliver mission-critical storage management services. "Storage Access is dedicated to providing a full suite of storage services delivered via Fibre Channel and IP," said Paul Sachse, CTO of Storage Access. "FalconStor's IPStor allows us to provide both NAS and SAN-based services from a single platform to customers in and out of the data center." FalconStor was able to provide Storage Access with a 24x7, unified SAN/NAS solution with IPStor's boundless virtualization, IP-based storage provisioning, Java-based management console, and a variety of mission critical storage services including active-active failover, mirroring, replication, snapshot, fast backup and restore enablers, and a key-based authentication feature to ensure an unparalleled level of business continuity, off-site disaster recovery capability, and total storage access security. Storage Access has deployed IPStor servers in active-active failover configurations, managing a redundant set of storage subsystems that are mirrored synchronously. The storage data is replicated via IPStor's IP-based replication capability to a remote location for added disaster protection. This solution currently is being operated within the Miami SNAP, with plans to include it in future SNAPs as well. "By implementing cutting-edge technologies like IPStor, Storage Access is able to deliver IP-based SAN and NAS while drastically lowering costs," said Wendy Petty, FalconStor vice president of sales. "Leveraging IP connectivity and employing storage virtualization are two key strategies that help Storage Access contain operating costs without compromising quality of service, resulting in a significantly lower total cost of ownership for their customers. We're pleased to play a vital role in the delivery of these services to Storage Access partners and end users." About IPStor IPStor leverages IP-based storage technology to provide high performance, network-based storage infrastructure. As the first software-only IP-based storage solution, IPStor is designed to help enterprises manage the expanding volume of enterprise data, while at the same time delivering mission-critical storage management and disaster recovery services that ensure business continuity. About Storage Access Storage Access is an SSP building a global network of managed storage repositories that are extremely secure, highly available, and easily accessible by the Internet, direct connection, or by a variety of wireless devices. These storage repositories provide users with low cost access to their data, applications, and critical IT management functions including storage capacity on demand, backup and restore, data replication, business continuance, and storage management consulting services. All of Storage Access' services are designed to improve efficiency and lower organizations' ongoing cost of computing by addressing the high costs associated with storage management. Additional information can be found on the Storage Access home page at https://www.storageaccess.com. About FalconStor FalconStor, Inc., is a storage networking infrastructure software company. Its flagship product IPStor software uses Ethernet/IP/iSCSI/Fibre Channel to unify Storage Area Networks (SAN) and Network Attached Storage (NAS), delivering both block and file level sharing to application servers and workgroup users under a common management umbrella. Founded in 2000, the company is privately held with corporate headquarters based in Melville, NY. International offices include Paris, France; Taichung, Taiwan; and, Tokyo, Japan. For more information, visit www.falconstor.com. FalconStor is party to an Agreement and Plan of Merger and Reorganization among FalconStor, Network Peripherals Inc. ("NPI") and Empire Acquisition Corp., a wholly-owned subsidiary of NPI, which contemplates a reverse merger pursuant to which FalconStor will become a wholly-owned subsidiary of NPI and the stockholders of FalconStor would own approximately two-thirds of the outstanding common stock of NPI. Closing of the merger is subject to customary closing conditions, including the approval by the stockholders of FalconStor and NPI. Investors are encouraged to review the risk factors discussed in NPI's Registration Statement on Form S-4 filed with the Securities and Exchange Commission in respect the merger. Safe Harbor Statement: This press release contains certain forward-looking statements. The forward-looking statements set forth above involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include: risks related to the early stage of FalconStor's business; potential delays in product development by FalconStor; market acceptance of FalconStor's products and services; rapid technological change in the storage and networking industries; competition in the storage networking software market; and potential issues involving intellectual property and other disputes. Although FalconStor believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by FalconStor or any other person that the objectives and plans of FalconStor will be achieved. ### Contacts: Herman Chin, FalconStor 631.962.1163 [e-mail] Nancy Trowbridge-Kitchens, Storage Access 866-786-7390, x118 [e-mail] Copyright (C) 2001 by FalconStor. FalconStor and IPStor are trademarks of FalconStor, Inc. All other company and product names contained herein are trademarks of the respective holders. © 2001 BCE Emergis E-News Services Inc.