Qualstar Corporation Partners with Sony for the Development of an Optical Disc Archive Enterprise Class Solution
December 12 2017 - 9:00AM
Business Wire
Qualstar Corporation (NASDAQ: QBAK), a leading manufacturer of
data storage solutions and high efficiency power supplies, today
announced it has entered into a Technology Development Agreement
with Sony Imaging Products & Solutions Inc. Pursuant to the
agreement, Qualstar will design and develop the specifications and
architecture for an enterprise class optical disc archive library.
The agreement, which can be terminated by Sony at any time,
provides that Qualstar will receive installment payments for its
services, which are expected to be completed by March 31, 2018.
Following completion of the services, the parties may enter
additional agreements relating to the production of the enterprise
class optical disc archive library.
About Qualstar CorporationQualstar, founded in 1984, is a
diversified electronics manufacturer specializing in data storage
and power supplies. Qualstar is a leading provider of high
efficiency and high density power supplies marketed under the
N2Power™ brand, and of data storage systems marketed under the
Qualstar™ brand. Our N2Power power supply products provide compact
and efficient power conversion for a wide variety of industries and
applications including, but not limited to telecom, networking,
broadcast, industrial, lighting, gaming and test equipment. Our
Qualstar data storage products are used to provide highly scalable
and reliable solutions to store and retrieve very large quantities
of electronic data. Qualstar’s products are known throughout the
world for high quality and Simply Reliable™ designs that provide
years of trouble-free service. More information is available at
www.qualstar.com or www.n2power.com or by phone at 805-583-7744.
Connect with Qualstar on LinkedIn or Twitter.
Cautionary Statement Concerning Forward-Looking
StatementsStatements used in this press release that relate to
future plans, events, financial results, prospects or performance
are forward-looking statements as defined under the Private
Securities Litigation Reform Act of 1995 and include statements
about the design and development of the specifications and
architecture for an enterprise class optical disc archive as well
as Qualstar’s expected receipt of installment payments for its
services. All statements, other than statements of historical fact,
are statements that could be deemed forward-looking statements.
These forward-looking statements are based upon the current
expectations and beliefs of Qualstar's management and are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
forward-looking statements. For further information on these risks
and uncertainties, please refer to the risk factors discussed in
Qualstar’s filings with the U.S. Securities and Exchange Commission
including, but not limited to, Qualstar’s Annual Report on Form
10-K for the fiscal year ended December 31, 2016, the “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” section of such Form 10-K, and any subsequently filed
reports. All of Qualstar’s filings are available without charge
through the SEC’s website (www.sec.gov) or from Qualstar’s website
(www.qualstar.com).The information contained in this press release
is as of the date of this press release. Notwithstanding changes
that may occur with respect to matters relating to any forward
looking statements, Qualstar does not expect to, and disclaims any
obligation to, publicly update any forward-looking statements
whether as a result of new information, future events or otherwise.
Qualstar, however, reserves the right to update such statements or
any portion thereof at any time for any reason.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212005509/en/
Investor Relations:Qualstar CorporationSteven N.
BronsonChief Executive Officer805-617-4419IR@Qualstar.com
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