Addition of SANRAD VXL Flash Caching and Virtualization
     Software is Expected to Accelerate Adoption of PCIe Based
    Flash Storage Systems in VMware and Citrix Zen Environments

SAN JOSE, Calif., Jan. 9, 2012 (GLOBE NEWSWIRE) -- OCZ Technology
Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance
solid-state drives (SSDs) for computing devices and systems, today
announced it has acquired SANRAD Inc., a privately held provider of
flash caching and virtualization software and hardware.

"This transaction is an important step in OCZ's enterprise solid state
drive strategy," said Ryan Petersen, CEO of OCZ Technology Group. "It
significantly enhances the ability for customers to increase datacenter
performance and efficiency by putting more virtual machines (VM) on a
server without slowing down the VM's ability to access stored data,
thus substantially lowering the overall cost of deployment. SANRAD's
VXL has the ability to optimize caching strategies based on the
application and support for VMware's vMotion, which sets the solution
apart from others in the industry, allowing enterprises to finally
realize the benefit of running a single unified virtualized
environment," concluded Mr. Petersen.

"SANRAD's software is a wonderful complement to OCZ's Flash
technology," said Oded Ilan, CEO of SANRAD Inc. "We are excited with
the opportunity created by this unique combination between storage
virtualization, caching and PCIe Flash storage. We are proud to join
the OCZ development team and to establish its design center in Israel."

SANRAD was founded in 2000 and its R&D center is based in Tel Aviv,
Israel. SANRAD currently sells its line of flash caching and
virtualization software and hardware to storage and networking OEMs
such as NEXSAN and Brocade as well as directly to the enterprise
through its network of Value Added Resellers.

SANRAD transforms storage access in virtualized environments with NAND
flash. Its technology allows data centers to fully leverage their flash
based storage investments, extending the lifespan of the storage
infrastructure and maximizing efficiency. Virtualized data centers gain
the benefits of NAND flash performance while retaining the key benefits
of server virtualization such as vMotion, high availability, and
disaster recovery.

SANRAD's virtualization software and solutions are VMware, Microsoft,
and Citrix certified and are expected to accelerate the adoption of
OCZ's PCIe-based flash storage solutions in virtualized environments.
These solutions include:

SANRAD's VXL software delivers SANRAD's flash caching and
virtualization technology for VMware vSphere, Microsoft Hyper-V and
Citrix Xen into server virtualization platforms. VXL software enables
efficient dynamic distribution of host-based flash resources to guest
virtual machines via its application optimized cache engine. The VXL
SCSI connectivity enables support of most modern operating systems
including all variants of Windows, FreeBSD, Solaris and Linux servers,
in contrast to other caching solutions which require an installation of
an agent or driver on each VM.

VXL supports key enterprise-class storage datacenter requirements such
as QoS, high availability clustering, mirroring, WAN replication,
snapshots and multiple storage virtualization functions. Unlike many
other virtualization and caching algorithms, VXL guarantees complete
cache migration via vMotion, as cached data is treated as a virtualized
storage entity and can be dynamically migrated between ESX servers
along with the virtual volumes without performance loss and without
powering down the server, interrupting service of the VMs.

SANRAD's StoragePro software provides comprehensive remote storage
management and virtualization services and ensures simple, efficient
use of storage resources for numerous connected servers. Its open,
heterogeneous system architecture provides complete storage
flexibility, enabling IT managers to manage a single virtual pool of
storage which is critical in today's enterprise environments.

The aggregate purchase price of the acquisition was $15 million
comprised of approximately 2.1 million shares of OCZ common stock that
was issued on closing.

Merriman Capital, Inc., a wholly-owned subsidiary of Merriman Holdings,
Inc. (OTCQX:MERR), served as OCZ's exclusive financial advisor for the
transaction.

About OCZ Technology Group, Inc.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ),
is a leader in the design, manufacturing, and distribution of high
performance and reliable Solid-State Drives (SSDs) and premium computer
components. OCZ has built on its expertise in high-speed memory to
become a leader in the enterprise and consumer SSD markets, a
technology that competes with traditional rotating magnetic hard disk
drives (HDDs). SSDs are faster, more reliable, generate less heat and
use significantly less power than the HDDs used in the majority of
computers today. In addition to SSD technology, OCZ also offers high
performance components for computing devices and systems, including
enterprise-class power management products as well as leading-edge
computer gaming solutions. For more information, please visit:
www.ocztechnology.com.

The OCZ Technology Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7439

About SANRAD

SANRAD designs cutting-edge cloud storage acceleration and
virtualization software and hardware for datacenters. SANRAD's
virtualization software and solutions transforms storage access in
virtualized environments with NAND flash allowing data centers to fully
leverage their storage investments. SANRAD's products are VMware,
Microsoft, and Citrix certified. For more information, please visit:
www.sanrad.com.

Forward Looking Statements

Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements
involving known and unknown factors that may cause actual results of
OCZ Technology Group, Inc. to be different from those expressed or
implied in the forward-looking statements. In this context, words such
as "will," "would," "expect," "anticipate," "should" or other similar
words and phrases often identify forward-looking statements made on
behalf of OCZ. It is important to note that actual results of OCZ may
differ materially from those described or implied in such
forward-looking statements based on a number of factors and
uncertainties, including, but not limited to, the acquired software and
solutions are expected to accelerate the adoption of OCZ's PCIe-based
flash storage solutions in virtualized environments; market acceptance
of OCZ's products and OCZ's ability to continually develop enhanced
products; adverse changes both in the general macro-economic
environment as well as in the industries OCZ serves, including computer
manufacturing, traditional and online retailers, information storage,
internet search and content providers and computer system integrators;
OCZ's ability to efficiently manage material and inventory, including
integrated circuit chip costs and freight costs; and OCZ's ability to
generate cash from operations, secure external funding for its
operations and manage its liquidity needs. Other general economic,
business and financing conditions and factors are described in more
detail in "Item 1A -- Risk Factors" in Part I in OCZ's Annual Report on
Form 10-K filed with the SEC on May 17, 2011, and amended on May 31,
2011, and statements made in other subsequent filings. The filing is
available both at www.sec.gov as well as via OCZ's website at
www.ocztechnology.com. OCZ does not undertake to update its
forward-looking statements.


CONTACT: Media Contact:
         Jessica Luken, Director of Global Marketing
         (408) 733-8400
         jluken@ocztechnology.com
         
         Investor Relations Contact:
         OCZ Technology Group, Inc.
         Bonnie Mott, Senior Manager of Investor Relations
         408-440-3428
         bmott@ocztechnology.com