With the solid state drive market predicted to reach the $1 billion mark in 2010, it seems timely that Seagate has announced its first foray into this rapidly growing sector. Built using single layer cell technology, the Pulsar line of SSDs feature a SATA interface and promise read and write speeds of up to 240MB/s and 220MB/s respectively.

The Pulsar SSD features a SATA 3Gb/s interface and promises an annualized failure rate of 0.44%, as well as a hefty five year warranty. While many are viewing the faster operation, energy efficiency and reliability of SSDs as the future of storage within the industry, traditional hard drives currently remain at a fraction of the cost. However, in a world where speed and functionality are increasingly important factors analysts are predicting that price parity between the two technologies could be only a few years away.

No word yet on pricing for the Pulsar SSD.