Seagate Technology and Samsung Electronics Co. Ltd. have announced that they have entered into a joint development and licensing agreement.

Under the agreement, the two companies will jointly develop and cross-license related controller technologies for solid state drive ("SSD") storage devices to attain the high levels of performance, reliability and endurance demanded by enterprise storage applications.

"Seagate has long recognised that solid state technology has an important role to play in the comprehensive solutions the storage industry will deliver today and in the future, particularly in the enterprise market," said Steve Luczo, Chairman, President and CEO, Seagate. "Today's agreement with Samsung will help us bring a compelling set of SSD innovations to the enterprise storage market, with benefits that range from enhanced performance, endurance and reliability to cost and capacity improvements. Overall, this agreement with Samsung strengthens our SSD solutions strategy, and positions Seagate well as global demand for storage continues on its strong growth path."

"We are pleased to be jointly developing a high-performance SSD controller with Seagate for the enterprise storage market," said Dr. Changhyun Kim, Senior Vice President and Samsung Fellow, Memory product planning & application engineering, Semiconductor Business, Samsung Electronics. "Our green memory solution is designed to enable more energy-efficient server applications, which is expected to increase the use of NAND-based SSD storage in enterprise applications."