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OCZ Technology Announces Wayne B. Eisenberg as Senior Vice President of Global Sales

Senior Sales Executive Brings Solid-State Storage and Enterprise/OEM Sales Expertise to OCZ

SAN JOSE, CA--(Marketwire - January 23, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the appointment of Wayne B. Eisenberg as Senior Vice President of Global Sales. Eisenberg joins OCZ with over 20 years in sales management and a proven track record for growing corporate revenue and successfully transforming global businesses.He spent 16 years at SMART Modular Technologies, a developer of memory and solid-state storage subsystems, where he held various sales management positions including 9 years as Vice President of Worldwide Sales and Marketing Communications.

"We are very excited that Wayne has joined our team as Senior Vice President of Global Sales and believe that his drive, integrity and knowledge of solid-state storage will provide immediate benefits to our Company," said Ralph Schmitt, CEO of OCZ Technology. "As our Company continues to evolve, having this level of executive talent and proven track record for success will help us achieve the sales goals that we seek during this next phase of OCZ's growth."

Prior to joining OCZ, Eisenberg served as Vice President of Sales for Leyden Energy Inc, a developer of Lithium-ion-based energy storage solutions. Prior to his employment with SMART Modular, Eisenberg was an Area Sales Manager in the Computer Systems Division at Toshiba America selling portable computing products for the enterprise where he doubled business growth in this area. He also served as a District Manager for GRID Systems selling industrial portable computing solutions.

"Joining OCZ is a great opportunity for me as the Company is highly regarded for its extensive SSD portfolio for consumer and enterprise markets, as well as its industry-leading performance, and technological innovations," said Wayne B. Eisenberg. "I'm very excited to be part of this evolving Company and feel that we can propel the global sales operation to new heights, expand our enterprise and OEM footprint, and increase our overall market penetration throughout the world."

Eisenberg holds a Bachelors of Arts degree in Journalism from California State University at Chico with a minor in Business Administration.

About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the Company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. For more information, please visit: www.ocztechnology.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 risk that additional information may arise from the oversight of the audit committee; the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ's potential inability to timely file required reports; including potential delisting of OCZ's common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; the risk that OCZ may not be able to successful negotiate an amendment to its credit facility; 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 14, 2012, 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.

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