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FALCONSTOR SOFTWARE TECHNOLOGY WINS MULTIPLE PRODUCT AWARDS IN CHINA

Trade industry recognition validates success of company’s impact in providing technology innovation throughout Asia-Pacific marketplace

BEIJING, CHINA, January 21, 2016 — FalconStor Software® Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced that FreeStor®, a converged, hardware-agnostic, software-defined storage and data services platform, won four major industry awards. They included two from ZDNet China and a third and fourth from two leading Chinese IT portals, DOIT, and IT168. ZDNet China awarded FreeStor its 2015 Software-Defined Storage (SDS) Product of the Year Award as well as the 2015 Data Protection Innovation Award for the FreeStor Continuous Data Protection (CDP) 8.0. DOIT named FreeStor as the 2015 Software-Defined Storage Product of the Year andIT168 named FreeStor as the 2015 Innovation of the Year.

ZDNet China, DOIT and IT168 all recognize storage products of the highest quality, design, and performance -- signifying the best of breed in their category. In addition, these awards reward the products, projects and services operating in the enterprise and MSP markets. FreeStor and CDP were chosen as winners in their respective categories by a panel of respected editors and analysts.

“When we look at a product, it is not just good enough to be better than the competition,” said Ren Xinbo, ZDNet China Executive Editor. “An Editors' Choice product must also change the competitive landscape of its market whether through innovative features, exceptional value for the price, remarkable ease of use, or a demonstrable boost to users' productivity. We chose FreeStor for its new form of data services that works across existing IT environments via a single, real software-defined platform.”

FreeStor's horizontal architecture unlocks a new era of storage opportunities, allowing IT managers, MSPs and CSPs to maximize efficiencies and lower costs, while taking advantage of public cloud, hybrid cloud, flash storage and software-defined storage. FalconStor’s groundbreaking Intelligent Abstraction® approach delivers seamless access and unified data services across entire storage infrastructures without having to invest in new technology, or to rip and replace existing platforms.

FreeStor’s CDP is a disk-based continuous data protection solution that provides comprehensive backup, efficient data replication, and automated disaster recovery to ensure data availability. In addition, it enables near-instant recovery from disasters.

“We are very honored by these four awards that recognize the innovation and alternative business models behind FreeStor’s software-defined storage products and FreeStor’s CDP,” said John Yang, Vice President and General Manager of FalconStor Asia. “These awards allow us to end 2015 on a high note and cement our software-defined approach in China. Organizations around the world continue to discover how FreeStor is best suited to providing greater efficiencies, reducing downtime, lowering costs and improving simplicity over other available solutions. We are grateful for the accolades received and look forward to ensuring that this new paradigm in data services continues to remain the best storage product for years to come.”

About FalconStor

FalconStor ® Software, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. Our open, integrated flagship solution FreeStor ® reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. We empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. FalconStor’s mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. Our award-winning solutions are available and supported worldwide by OEMs as well as leading service providers, system integrators, resellers and FalconStor. The company is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

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FalconStor, FalconStor Software, FreeStor, and Intelligent Abstraction are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Media Contact:

Scott Kline, JPR Communications
818-798-1474
scottk@jprcom.com

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Information in this document is provided “AS IS” without warranty of any kind, and is subject to change without notice by FalconStor, which assumes no responsibility for any errors or claims herein. Copyright © 2018 FalconStor Software. All rights reserved. FalconStor Software and FalconStor are registered trademarks of FalconStor Software, Inc. in the United States and other countries. All other company and product names contained herein are or may be trademarks of the respective holder.
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