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DuPont Fabros Technology, Inc. Provides ACC5 Data Center Lease Details. |
03.23.09 |
Tenant's Platform Offers Data Center Access to Smaller Customers
WASHINGTON, March 23 /PRNewswire-FirstCall/ -- DuPont Fabros Technology, Inc.
(NYSE: DFT) today announced details of a lease agreement at its ACC5 data
center facility in Ashburn, Virginia, earlier announced with the fourth
quarter 2008 results. A total of 2.275 megawatts (MW) of critical load was
pre-leased to Net2EZ Managed Data Centers, a national provider of collocation,
metro-connectivity and managed data center services. The space represents
12.5 percent of ACC5's Phase I available critical load and is included in the
57 percent of space pre-leased to date at that facility.
DuPont Fabros began ground-up construction of ACC5 in the first quarter of
2008 and expects to deliver the facility in the third quarter of 2009. When
completed, ACC5 will comprise two phases of 18.2 MW totaling 36.4 MW of
critical load.
Net2EZ currently leases 2.275 MW of critical load at the Company's ACC4 data
center facility in Ashburn. The tenant's flexible platform and expanded
presence at DFT's two Ashburn facilities provide an opportunity for companies
historically considered too small to now gain access to top-tier wholesale
data centers like ACC4 and ACC5.
Hossein Fateh, President and Chief Executive Officer of DuPont Fabros
Technology, Inc., said, "Through this agreement with Net2EZ at ACC5 we are
strengthening our relationship with a high quality and valued tenant at our
Ashburn campus. Moreover, this will allow smaller companies to capitalize on
the level of reliability we've made available through our best in class data
centers. Looking ahead, it is our hope that Net2EZ will serve as an effective
conduit through which smaller scale companies will develop, thrive and
ultimately become direct tenants of DFT."
Pervez Delawalla, Chief Executive Officer of Net2EZ, said, "As a current
tenant, we believe that DuPont Fabros Technology offers the best quality data
center space available in the northern Virginia market today. Our decision to
take additional space at the Company's new ACC5 data center demonstrates our
confidence in these facilities and further strengthens a productive
partnership."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a real estate investment trust
(REIT) and leading owner, developer, operator and manager of wholesale data
centers. The Company's data centers are highly specialized, secure facilities
used primarily by national and international technology companies to house,
power and cool the computer servers that support many of their most critical
business processes. DuPont Fabros Technology, Inc. is headquartered in
Washington, DC. For more information please visit www.dft.com.
About Net2EZ Managed Data Centers
Net2EZ Managed Data Centers is a leading provider of high-availability
colocation, metro-connectivity, and managed data center services. They
provide end-to-end IP solutions, including business resumption planning,
security consulting services, mass storage, and network planning. With Tier-1
connectivity, Net2EZ is perfectly positioned to deliver a complete data center
solution for both online and enterprise-grade clientele. Net2EZ enables some
of the industry's top content providers, webcasters and enterprise customers
to quickly deliver results while ensuring unmatched performance and security.
Their innovative platform has been proven to dramatically reduce costs
associated with high availability hosting, e-commerce, distance learning,
online entertainment, and corporate connectivity. More information is
available at (888) 931-3444 or http://www.net2ez.net.
Forward-Looking Statements
Certain statements contained in this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including those statements related to cash
flows. The matters described in these forward-looking statements describe
expectations regarding future events, results and trends and are subject to
known and unknown risks, uncertainties and other unpredictable factors, many
of which are beyond the Company's control. The Company faces many risks that
could cause its actual performance to differ materially from the results
predicted by its forward-looking statements, including, without limitation,
the risk that the Company may be unable to obtain financing on favorable
terms, the risks commonly associated with construction and development of new
facilities, including the timing to complete development of ACC5, risks
relating to compliance with permitting, zoning, land-use and environmental
requirements, credit risks related to tenants, the risk of increases in
interest rates and the risk that the Company may not be able to maintain its
qualification as a REIT for federal tax purposes. The periodic reports that
the Company files with the Securities and Exchange Commission, including its
annual report on Form 10-K and its quarterly report on Form 10-Q for the three
months ended September 30, 2008, contain detailed descriptions of these and
many other risks to which the Company is subject. These reports are available
on our website at www.dft.com. Because of those risks, the Company's actual
results, performance or achievements may differ materially from the results,
performance or achievements contemplated by its forward-looking statements.
The information set forth in this news release represents management's current
expectations and intentions. The Company assumes no responsibility to issue
updates to the forward-looking matters discussed in this press release.
SOURCE DuPont Fabros Technology, Inc.
Victoria Baker, Investor/Media Inquiries, +1-703-796-1798, vbaker@mww.com, for
DFT
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