Iron Mountain runs six megawatt pre-lease with Fortune 100 customer at AZP-2 data center in Phoenix

BOSTON–() – Iron Mountain Incorporated (NYSE: IRM), the information storage and management services company, today announced that it has signed a six-megawatt data center pre-lease with a customer Fortune 100 based in the United States in Phoenix, Arizona, in its new AZP-2 Data Center. The lease is expected to begin in the third quarter of 2021. The data center solution met all customer requirements, including scalable capacity, proximity to the network to other deployments, and a design that offers flexibility and reliability.

AZP-2 is a hyperscale ready data center powered by 100% renewable energy. The purpose-built three-story facility will span over 530,000 gross square feet and provide 48 megawatts of total computing capacity at full capacity, with campus connectivity to the existing 47 megawatts operating at AZP-1 in Phoenix and AZS-1 in Scottsdale, leveraging the density of the existing ecosystem network.

Including land held for future development, the 40-acre Phoenix campus is expected to support over 100 megawatts of computing load when fully developed. The highly secure campus provides Iron Mountain data center customers with access to reliable, energy-efficient data center capacity in one of America’s least risky metropolises in the event of a natural disaster. The addition of this large-scale lease completes the Iron Mountain data center campus in Phoenix, which currently includes a wide range of core retail businesses and large-scale colocation customers.

“We are delighted to add a new strategic customer to AZP-2, while providing our customer with a secure, reliable and high performance data center solution,” said Michael DeVito, senior vice president of global sales and marketing at Iron Mountain Data. Centers. “This announcement further strengthens our strong market position, our differentiated product offering and, above all, our ability to serve as a strategic partner to the world’s largest companies. ”

Other highlights of the Phoenix Data Center campus include:

  • Hyper-Scalable Ready: Provides the ability to scale in a campus environment with unmatched security and reliability

  • Efficient hybrid IT activation: Centralized access to hundreds of customers, clouds, carriers and other IT service providers, making hybrid IT efficient, profitable and secure

  • Network density: operator neutral campus with 24 native network providers, access to various meeting rooms and the ability to connect to multiple public cloud access ramps

  • Support for multiple use cases: hyper-scalable cloud node, hybrid IT colocation, local production IT, local / regional business continuity / disaster recovery and consolidation / migration

  • Energy efficiency: powered by 100% renewable energy

  • Operational excellence: 100% SLA uptime

  • Industry Leading Compliance:

    • SOC 2 Type II, SOC 3

    • ISO 27001, 50001 and 140001

    • HIPAA

    • PCI-DSS

    • FISMA High / NIST SP 800-53

Iron Mountain’s global data center platform consists of 15 operational facilities in 13 markets and three continents. Including rental capacity and land and buildings held for future development, Iron Mountain’s data center platform can support over 350 megawatts of IT capacity at full capacity. For more information on Iron Mountain data centers, visit https://www.ironmountain.com/digital-transformation/data-centers.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the world’s leading provider of information storage and management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of over 90 million square feet in more than 1,480 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valuable assets, including including critical business information, highly sensitive data and cultural and historical artifacts. By providing solutions that include secure record storage, information management, digital transformation, secure destruction, as well as data centers, cloud services, artwork storage and logistics, Iron Mountain is helping customers to reduce costs and risks, comply with regulations, recover from disasters and enable a more digital way of working. Visit www.ironmountain.com for more information.

Forward-looking statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe harbor created by this law. Forward-looking statements include, but are not limited to, statements regarding the commencement of the lease and the capacity of the data center at full capacity. When we use words such as “believes”, “expects”, “anticipates”, “believes” or similar expressions, we are making forward-looking statements. Although we believe our forward-looking statements are based on reasonable assumptions, our expected results may not be achieved and actual results may differ materially from our expectations. Although we believe our forward-looking statements are based on reasonable assumptions, our expected results may not be achieved and actual results may differ materially from our expectations.

These forward-looking statements are subject to various risks, uncertainties and other known and unknown factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for the United States. for federal income tax purposes; (iii) the adoption of alternative technologies and the shift of our customers to data storage via non-paper technologies; (iv) changes in customer preferences and demand for our information storage and management services; (v) the cost and our ability to comply with laws, regulations and customer requirements relating to data security and privacy issues, as well as security and fire standards; (vi) our ability or inability to execute our strategic growth plan, to expand internationally, to complete acquisitions on satisfactory terms and to effectively integrate acquired companies; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we do not protect our customers’ information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute our strategy (x) changes in the price of our information storage and management services relative to the cost of providing these information storage and management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of execution on our growth strategy through joint ventures; (xii) our ability to comply with our existing obligations and restrictions with respect to our debt instruments or to obtain additional financing to meet our working capital requirements; (xiv) the impact of service interruptions or damage to property and the cost of electricity on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of more attractive alternative investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners on whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not currently envisaged; and (xx) other risks described in more detail in our filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in or incorporated into our periodic reports. You should not rely on forward-looking statements, except as statements of our current intentions and current expectations, which may or may not occur. Except as required by law, we do not undertake to publicly disclose the result of any revision of these forward-looking statements that may be made to reflect events or circumstances subsequent to the date hereof or to reflect the occurrence of events. unforeseen.


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