Description future perpendicular magnetic storage media with areal density larger than 1 bit/in2TERAMAGSTOR is an EU funded FP7 STREP project which aims to produce the next generation of perpendicular magnetic storage media with an areal density greater than 1Tbit/in2. Leading research groups and industrial partners from around Europe have joined together to focus on the development of advanced film media based on exchange spring, percolated, nanolithographically patterned, and template-patterned nanoparticle media. The research will cover media preparation and characterisation, magnetization reversal processes, numerical micromagnetic simulations, measurements of write/read recording characteristics, and signal modelling and processing. This effort is based on previous work by some of the consortium members which led to a record of 210 Gbits/in2 and which earned them the Descartes prize in 2005.Success in TERAMAGSTOR will open the way to a new generation of ultrahigh density magnetic recording media and benefit EU technological progress and competitiveness in an area of great economic and social importance. Through our website, we invite you to keep abreast of the developments and activities of the TERAMAGSTOR project over the coming years.