Monday, May 5, 1997

Ontrack® wins first annual Minnesota Technology Company of the Year award

Ontrack Data International, Inc. (Nasdaq: ONDI) today announced its recognition as the winner of the first annual Minnesota Technology Company of the Year Award. The award, which is sponsored by Minnesota Technology, Inc., 3M, Honeywell, Hutchinson Technology, and Medtronic, honors the Minnesota technology company that has had the greatest impact on the growth of Minnesota’s economy; achieved the greatest commercial success, including return on investment; and contributed most significantly to the rise of Minnesota as a leading technology center in the U.S.

In October, 1996, Ontrack became a publicly held company through the completion of an Initial Public Offering (IPO) of its stock. Also in 1996, Ontrack increased its worldwide employment 45% to 240 employees, increased total revenues 56% to $26.7 million, grew net income 52% to $3.124 million, and opened a new data recovery facility in Stuttgart, Germany. Through its progressive fiscal and physical expansion and its continued addition of Minnesota residents to its staff, Ontrack has shown its commitment to furthering technology in the state of Minnesota.

“We are honored to receive the first annual Minnesota Technology Company of the Year award,” stated Michael Rogers, CEO of Ontrack, during his acceptance speech. “When my partners and I founded Ontrack almost twelve years ago, we chose to headquarter our company in Minnesota because of the great potential for growth we saw here. Minnesota has evolved into a technologically innovative state, and we are proud to be recognized among such a distinguished group of talented and dedicated technology companies.”

Ontrack Data International, Inc. is a leading vendor of services and software designed to maximize the integrity and security of hard disk drive data. An Ontrack wholly-owned subsidiary, Ontrack Data Recovery, Inc., specializes in recovering lost or corrupted data from any hard drive or alternative storage device that has fallen victim to a hardware or system malfunction, human error, computer virus, natural disaster or computer crime. Understanding that time is critical, Ontrack offers emergency, weekend, on-site and priority service to help users avoid expensive downtime. Ontrack is headquartered at 6321 Bury Drive, Minneapolis, Minnesota 55346, and can be reached by phone at 800-872-2599 (612-937-5161) and via the Internet at www.ontrack.com. In addition to its Minneapolis location, Ontrack also operates data recovery labs in Los Angeles, Washington, D.C., Tokyo, London and Stuttgart.

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