NEW NETGEAR READYNAS RR2304 DELIVERS ENTERPRISE LEVEL NETWORK STORAGE THROUGHPUT AT A SMALL BUSINESS PRICE

SAN JOSE, California — June 20, 2017 — NETGEAR®, Inc. (NASDAQ: NTGR), the leading provider of networking devices that power today’s smart home and small to medium-sized businesses (SMBs), has expanded its business-class ReadyNAS Series of reliable, high performance rackmount Network Attached Storage (NAS) appliances with ReadyNAS® 2304 Business Class 1U 4-Bay Network Storage (RR2304).

Ideal for supporting up to 40 concurrent users for Gigabit speed file backup and file serving, ReadyNAS 2304 meets the needs of data-focused small businesses for on-premise storage and backup with remote collaboration combined with cloud backup to Amazon AWS, Google Drive or Dropbox as a few examples. It provides new capabilities and a 50 percent performance increase over the previous-generation, the ReadyNAS 2120, the current bestselling entry-level rackmount business-class NAS from NETGEAR.

With ReadyNAS 2304, businesses achieve a level of data protection that is unmatched in the realm of SMB storage. ReadyNAS 2304 runs the latest version of the groundbreaking ReadyNAS operating system, the innovative OS 6.7, which enables a wide set of business features. ReadyNAS OS safeguards data through five levels of unrivaled file protection, seamless, zero-cost ReadyCLOUD® file sharing, and full data protection with ReadyDR® block-level backup and disaster recovery.

In terms of hardware, ReadyNAS 2304 is a 1U rack mount form factor, 4-bay NAS appliance with capacity up to 40TB for supporting up to 40 concurrent business users. It has a faster and more powerful 64-bit Dual Core Intel® Celeron® processor for 2.0GHz of processing power, 1.5 times the previous model. It features two Gigabit Ethernet ports (1GbE), three USB 3.0 ports, for additional data storage and transfer.

“ReadyNAS Rackmount 2304 represents a significant upgrade in terms of storage features and performance available for small businesses, at an incredibly cost-effective price point for the number of users supported,” said Richard Jonker, vice president of SMB product line management for NETGEAR. “Network managers can sleep soundly at night knowing their mission-critical data is protected against human error, hard drive and system failures, viruses and malware, and natural disasters.”

Bigger Files, More Secure Sharing Across the Cloud
Today’s emphasis on cross-office collaboration and team work with remote offices pushes for increased file sharing, faster data access, and more secure storage. Video streaming and conferencing have become a part of daily business in even small companies. As a result, file sizes are regularly growing from kilobytes to megabytes to gigabytes, as businesses move to 4K, 3D, CAT files, large slide presentations, and large H264 video files.

Architects, creative agencies, movie studios, CAT/CAD designers, and research labs manipulating large files can find their appropriate storage solution with the ReadyNAS 2304, along with businesses, schools and universities sharing data across remote offices and branch offices.

Yet not all data can be sent to the cloud due to its sensitive nature, for regulatory issues, for bandwidth issues, or for the need for immediate access in the case of high file utilization. This has created the need for hybrid private clouds with on-premise storage, making ReadyNAS 2304 with ReadyCLOUD access an ideal storage solution for organizations where sensitive data is at the core of the business — healthcare, education and financial institutions, government agencies, notary and legal offices, retail chains and small telecom providers.

Data Protection and Cloud Backup through ReadyNAS OS 6.7
ReadyNAS 2304 is powered by the latest version of the industry-leading ReadyNAS OS, which enables a complete, reliable and cost-effective backup platform. It is also Virtual Memory System (VMS)-ready, a capability expected to be available later in 2017.

• All-Inclusive Backup and Recovery: ReadyNAS OS automatically installs ReadyDR™ (Disaster Recovery) to ensure business continuity with minimal downtime in any catastrophic event. ReadyDR performs incremental and scheduled block-level backup and restore to a second compatible ReadyNAS, ensuring LAN replication of even the largest backup files and databases.
• 5 Levels of Data Protection: BTRFS File System Flex RAID protection against disk drive failure; real time anti-virus, incremental backup copies with unlimited snapshots to protect against human error; bitrot protection against media degradation; and the easiest-to-set-up replication for ultimate disaster recovery available in a NAS today.
• Public Cloud Sync: ReadyNAS OS 6.7 offers new enterprise-level capabilities such as automatic bi-directional synchronization between any ReadyNAS model and public cloud storage services including Amazon AWS, Amazon Cloud Drive, Dropbox and Google Drive. It provides an ideal hybrid cloud solution for small businesses to back up and synchronize on-site storage to the cloud storage, and vice-versa.
• Private Cloud: In addition to supporting connections to commonly used public cloud services, ReadyNAS offers NETGEAR ReadyCLOUD® for an instant, VPN-based private cloud for local and remote data access for file sharing, without additional costs. Its versatile sync and remote management capabilities enable employees to enjoy the same unified interface regardless of location.

Pricing and Availability
The ReadyNAS 2304 Business Class 1U 4-Bay Rackmount Network Storage (RR2304) is available now worldwide through authorized NETGEAR partners and other reseller channels and ecommerce sites at an MSRP in the U.S. of $699.99 for a diskless model.

ReadyNAS Rackmount for business also come in populated configurations with various hard disk drive capacities, up to 4U 60-bay models offering up to 132 bays with expansion.

NETGEAR backs its ReadyNAS business-class products with the industry best-in-class 5-Year Limited Hardware Warranty, 5-Year Next Business Day Shipping for part replacement, and multiple support options to provide peace of mind for years to come.

Learn more about NETGEAR ReadyNAS desktop and rackmount series to determine the right solution for your business.

About NETGEAR, Inc.
NETGEAR (NASDAQ: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. The Company's products are built on a variety of proven technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which the Company's products are sold. NETGEAR products are sold in approximately 31,000 retail locations around the globe, and through approximately 28,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world. The company's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries. More information is available from the NETGEAR investor page or by calling (408) 907-8000. Connect with NETGEAR on Twitter, Facebook and our blog.

©2017 NETGEAR, Inc. NETGEAR, the NETGEAR logo, ReadyNAS, ReadyCLOUD and ReadyDR are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of NETGEAR's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Source: NETGEAR-G

U.S. Media Contact: Nathan Papadopulos, (408) 890-3889, NPapadopulos@netgear.com
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