Memorex sent out a press release this morning, announcing a 500GB version of its Ultra TravelDrive. This new portable hard drive also sports an ocean and onyx black finish as well as a blue LED that illuminates when it is plugged into a computer's USB port.
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To meet the mobile users' demand for higher capacity portable storage, Memorex, a portfolio brand of Imation Corp. (NYSE: IMN), brings a new look and greater capacity to its award-winning Ultra TravelDrive(TM) line of USB hard drives. The compact, high capacity, ruggedly designed Ultra TravelDrive now delivers up to 500 GB of capacity for significant storage and back up capacity for data, photos, music and video. A cool blue LED light illuminates when the drive is plugged into any computer's USB port and flashes during data transfer, so you always know when the drive is in use.

The newest Ultra TravelDrive delivers 500GB of capacity based on 2.5-inch hard drive technology, making it the ultimate in travel-sized storage. The Ultra TravelDrive can transfer data at both USB 1.1 and 2.0 speeds and is cross-platform compatible for use with both Mac and PC, requiring no additional power supply.

Memorex's 500 GB Ultra TravelDrive is available now for a suggested retail price of $299.99. Full details can be found here.