High performance storage solutions company Promise Technology today announced its first foray into the consumer electronics market with the Apollo storage bank. The new device lets users, and a personal circle of private members, store and share data collected in the Apollo with the help of a companion app available to download from the iOS and Google Play App Stores.

With the Apollo app, the 4 TB storage bank lets anyone granted access to the device browse and save photos, videos, and other data from wherever an internet connection is available. Each member of the private group can also be designated private space on the bank’s storage, allowing users their own designated storage area for personal content, for which they can then enable or disable more complex privacy restrictions.

“Apollo marks a significant milestone for our company, and we are very excited to tap into the consumer market with a personal cloud device that makes it easy to store and share digital media,” said James Lee, CEO of PROMISE Technology. “Although bankers’ boxes and filing cabinets are no longer required to store treasured photos, many people find that their desktop, mobile devices and stacks of USB drives no longer do the trick either. With Apollo, however, PROMISE has delivered a personal cloud storage device that’s affordable, secure, robust and—most importantly—easy to use.”

The Apollo also ensures customers that all of their private data will be effectively secure on the device due to encrypted transactions between the bank and its companion app, along with the data’s storage location off of the Web. Within the confines of that security, the device will also let group members comment on and discuss data within the Apollo — like pictures and videos from a vacation — with complete privacy.

Promise Technology has yet to reveal the price or launch window for the Apollo, but the Q&A tab on the company’s site does confirm the contents of the device’s retail box: an Apollo unit, DC Power adapter with power cord, International plugs kit, Ethernet cable, and quick start guide. The Apollo will be available to purchase exclusively in Apple Retail stores when it launches.

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Source: MAC ROUMORS