Denver, CO – August 29, 2011 – The following is a status update as it relates to CoreSite's Boston, New York, Northern Virginia, and Washington, DC, network systems and data centers in the path of Hurricane Irene this past weekend.
CoreSite is pleased to announce that our platform maintained normal business operations and 100% uptime throughout the storm.
To ensure maximum uptime, CoreSite engaged in the following precautionary measures:
- Conducting complete site-readiness maintenance checks at each data center including all network, electrical and mechanical systems
- Adding on-site operations personnel shifts in preparation for possible increased customer needs
- Ensuring comprehensive, real-time storm monitoring via 24-hour Operations Support Center, relaying messaging to on-site staffing to ensure proper readiness at the storm's most dangerous stages
- Distributing pre-storm, notifications to customers underscoring escalation procedures and reminding them of contact information for emergency communications
CoreSite is pleased to announce the following actual performance:
- 100% uptime at all data centers across the portfolio
- No trouble tickets submitted by customers related to Irene
- All work orders completed under normal operating procedures
- No facility damage, flooding, etc
Please direct any further inquiries related to Hurricane Irene in the following manner:
- Press: Mark.Jobson@CoreSite.com
- Investor Relations: InvestorRelations@CoreSite.com
- Operations: OSC@CoreSite.com
- General: Info@CoreSite.com
CoreSite Realty Corporation (NYSE:COR, news, filings) is a national provider of powerful, network-rich data centers, efficient interconnection services, and global peering opportunities. More than 700 customers such as Global 1000 enterprises, communications providers, cloud and content companies, financial firms, media and entertainment, healthcare, and Government agencies trust CoreSite to power, cool, connect, and secure their mission-critical IT assets. CoreSite data centers are catalysts for network growth, featuring established industry ecosystems with access to 200+ carriers and service providers resulting in more than 12,000 interconnections under management. The company tailors its data center product to unique customer requirements by way of a flexible offering that includes cage-to-cabinet colocation, private data centers and suites, and a responsive customer service and support infrastructure. CoreSite's portfolio comprises more than two million square feet, including space held for redevelopment and development, across 12 data centers in seven key U.S. economic centers. For more information, visit www.CoreSite.com.
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Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the timely completion of planed construction, geographic concentration of the Company's data centers in certain markets and any adverse developments in local economic conditions or the demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition; the Company's failure to obtain necessary outside financing; the Company's failure to qualify or maintain our status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.