Wai Lam Receives Distinguished Alumni Award from Stony Brook University

Wai Lam, Chief Technology Officer and Vice President of Engineering at FalconStor Software, Inc. (NASDAQ: FALC), the market leader in disk-based data protection solutions, was honored with a Distinguished Alumni Award from Stony Brook University. Mr. Lam received his B.A. in Engineering from Stony Brook in 1982, and went on to pursue a distinguished career in software development and management. "I am deeply honored to receive this award,” said Mr. Lam. "The training I received at Stony Brook was instrumental in setting me on a course for success. I would also like to thank Mr. ReiJane Huai, Chairman and CEO of FalconStor, for the many opportunities he has given me throughout my career.” Wai Lam was one of five honorees recognized at the Distinguished Alumni Award Gala on Thursday, November 15, at Flowerfield in St. James. The awards were given as part of the University’s 50th Anniversary celebration. Lam is the first Asian American to receive the award. Mr. Lam is Chief Technology Officer and Vice President of Engineering for FalconStor, one of Long Island’s top 75 companies, and a co-founder of the company. He came to FalconStor from Computer Associates International, Inc. As Vice President and Architect at CA, he was responsible for the eTrust Internet security product strategy and design. He joined CA in 1996 with its acquisition of Cheyenne Software, Inc., where he was Director and Architect of the HSM product line. He joined Cheyenne in 1993 with its acquisition of Applied Programming Technologies, Inc., where he was a partner and developer of network storage systems using the newly available optical libraries. Before joining APT, Mr. Lam worked at Hughes Aircraft, where he was a microwave circuit designer for space communication systems, and he was appointed Senior Staff Engineer. Mr. Lam resides in Jericho, New York, with his wife Rosary, who is also a Stony Brook graduate, and their children, Kenneth and Lindsey. About Stony Brook University In only 50 years, Stony Brook has established itself as one of America’s most dynamic public universities, an essential part of the region’s economy, and a center of cultural excellence. Nobel laureates, Guggenheim fellows, and MacArthur grant winners teach on the campus, making it a magnet for outstanding students. Stony Brook is ranked in the top 2 percent of all universities worldwide by the 2006 London Times Higher Education Supplement. U.S. News & World Report ranks Stony Brook among the top 100 best national universities and among the 50 best public universities. A member of the elite Association of American Universities, Stony Brook is among the 62 best research institutions in North America. Stony Brook faculty and researchers are leaders in significant national and worldwide projects, including the establishment of a research facility in Turkana Basin in northern Kenya and southern Ethiopia, the management of the national parks of Madagascar, and the uncovering the causes of lobster mortality in Long Island Sound. About FalconStor Software, Inc. FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. We deliver proven, comprehensive data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. Our technology-independent solutions, built upon the award-winning IPStor® virtualization platform, include the industry leading VirtualTape Library (VTL) with Single Instance Repository (SIR) for de-duplication, Continuous Data Protection (CDP), Storage Virtualization, and Replication for disaster recovery and remote office protection. Our products are available from major OEMs and solution providers including EMC, IBM, SUN, and Intel and are deployed by thousands of customers worldwide, from small businesses to Fortune 1000 enterprises FalconStor is headquartered in Melville, N.Y., with offices throughout Europe and the Asia Pacific regions including Paris, Tokyo and Taiwan. FalconStor and FalconStor Software are registered trademarks of FalconStor Software, Inc., in the United States and other countries. All other trademarks are the properties of their respective owners.