FOR IMMEDIATE RELEASE READ-RITE CORPORATION TO SUPPLY HEADS TO HALO DATA DEVICES MILPITAS, CA and SAN JOSE, CA -- July 29, 1999 -- Read-Rite Corporation (Nasdaq: RDRT) today announced it has entered into a sole source supply agreement with Halo Data Devices to provide heads for use in Halo Data Devices' CompactFlash Type 1 form factor 250 megabyte microdrive. "Read-Rite's GMR technological expertise and manufacturing capabilities were key factors in our selection of Read-Rite as our head supplier," said Gordon Campbell, Halo Data Devices' chairman and chief executive officer. "We are pleased to secure Read-Rite as a key supplier in our development of the world's smallest disk drive," he added. "The supply agreement with Halo expands our customer base into small form factor storage devices, for use in portable and embedded applications. In addition to the supply agreement, we have taken a small equity position in Halo. We believe there is a significant market opportunity for the microdrive in both consumer and computer applications," said James J. Murphy, Read-Rite's senior vice president of customer programs. "We look forward to working with Halo Data Devices in this emerging market," he added. Based in San Jose, California, Halo Data Devices is a privately held company developing, manufacturing and marketing miniature data devices for emerging portable, mobile and embedded storage applications. The company is developing the world's smallest disk drive designed for use by original equipment manufacturers (OEMs) and end users. A seasoned management team consisting of veterans from both semiconductor and data storage industries leads Halo Data Devices. Read-Rite Corporation is one of the world's leading independent manufacturers of magnetic recording heads, head gimbal assemblies (HGAs) and head stack assemblies (HSAs) for disk drives and tape drives. The company is headquartered in Milpitas, California and has operations in Japan, Thailand, the Philippines and Singapore. The company's home page on the world wide web can be reached at http://www.readrite.com . This news release contains statements which include forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and is subject to the "safe harbor" created by those sections. These statements include, but are not limited to: the company's expectation that shipments will begin in September; and the company's expectation that its renewed relationship with Quantum will continue. The company's actual results for future periods could differ materially from those projected in such forward-looking information. Factors that could cause actual results to differ include, but are not limited to: the company may be unsuccessful in ramping HGA production for Quantum; the company may be unsuccessful in obtaining additional design wins for other Quantum desktop and enterprise programs; and the other factors described in the company's reports filed with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for fiscal 1998 and quarterly reports on Form 10-Q for the first, second and third quarters of Fiscal Year 1999 ended December 27, 1998, March 28, 1999 and June 27, 1999 respectively. Read-Rite undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements. # # # Last Updated: December 2012 ©2012 Read-Rite Corporation. All rights reserved.