New Turn-Key Flex solution offers greater flexibility with economies of scale – meets growing demand by enterprise customers for outsourced data center solutions
SAN FRANCISCO, June 5, 2012 /PRNewswire/ — Digital Realty Trust, Inc. (DLR), a leading global provider of data center solutions, announced today the launch of its next generation Turn-Key Flex(SM) solution, a highly flexible data center solution that enables customers to select from a catalogue of components during the design and construction process to meet their unique data center technical and performance specifications.
“Our traditional Turn-Key Datacenters® design has been evolving over the years to meet customer requirements around efficiency, flexibility and reliability. With the launch of our next generation Turn-Key Flex solution, we are able to provide customers with even more options, giving them a high degree of control over how their data center is configured during the design and construction phases,” said Jim Smith, Chief Technology Officer for Digital Realty. “We have found this to be particularly important for enterprise customers who have traditionally built their own data centers and are now migrating towards an outsourced solution with a proven data center provider.”
“Our data center experts have designed, developed and currently manage over 3.6 million square feet of enterprise-quality data center space throughout the U.S., Europe and Asia Pacific, with over 500,000 square feet of additional, fully improved data center space under construction,” added Michael F. Foust, Chief Executive Officer of Digital Realty. “Our team’s experience goes into every data center we build and has ultimately resulted in this next generation Turn-Key Flex solution. Whether you are a regionally focused organization or a multinational corporation, we believe that our flexible, customer-driven design approach provides an ideal solution that can meet even the most complex, sophisticated specification.”
“By optimizing our global supply chain and modular design approach, Digital Realty’s Turn-Key Flex solution provides the optimum level and balance of customization, time to deliver, and cost that our customers are telling us they need,” said Steve Kundich, Vice President, Design & Construction for Digital Realty. “During the design phase, we can offer customers a wide variety of options ranging from N+1, 2N and 2N+1 configurations for their electrical systems and efficient mechanical cooling options utilizing airside or waterside economizations optimized for the project’s climate zone. On a kilowatt basis, our Turn-Key Flex solution offers IT capacity ranging from 240 kW to multiples of 1125 kW in the U.S. and from 240 kW to multiples of 1440 kW in Europe and Asia Pacific.”
Digital Realty’s Turn-Key Flex data center solution is a modular approach to delivering secure, enterprise quality data center space to meet customers’ just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty’s proprietary POD Architecture® and extensive supply chain, Digital Realty’s next generation Turn-Key Flex data center solution is designed for the future and ready today.
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data center needs. Digital Realty’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty’s 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as of April 26, 2012, including 2.2 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at http://www.digitalrealty.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our TURN-KEY FLEXSM solution. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government’s credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties or businesses; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|For Additional Information:|
|A. William Stein||Pamela M. Garibaldi|
|Chief Financial Officer and||Vice President, Investor Relations and|
|Chief Investment Officer||Corporate Marketing|
|Digital Realty Trust, Inc.||Digital Realty Trust, Inc.|
|+1 (415) 738-6500||+1 (415) 738-6500|
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