N2Power, a Division of Qualstar, Was Awarded $1.0 Million Customer Order to Ship over the Next Twelve Months
February 15 2017 - 9:00AM
Business Wire
Qualstar Corporation (NASDAQ: QBAK) announced today that its
N2Power Division, an industry leader in the design and
manufacturing of compact and highly-efficient power supplies, was
awarded a $1.0 million order from a prestigious gaming customer, to
ship over the next twelve months. N2Power provides standard,
semi-custom and custom power solutions for many OEM’s in various
markets.
“The inherent advantages of our power solutions provide OEM
designers with valuable increased functionality while reducing
thermal loads, cooling requirements and lowering operating costs
through very high efficiency ratings,” said Randy Johnson,
N2Power’s Director of Sales.
“N2Power is a trusted name in power supplies. N2Power prides
itself on superior power solutions, value added engineering
capabilities, quality, customer support and flexibility,” said
Steve Bronson, Qualstar’s Chief Executive Officer.
For additional information regarding N2Power power supplies,
call Shelley Urbina at 805-583-7744 x122. Check our website
www.n2power.com for authorized distribution partners.
About Qualstar Corporation
Qualstar, 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
Statements
Statements 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. 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. 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. In particular, the following factors,
among others, could cause actual or future results to differ
materially from those suggested by the forward-looking statements:
Qualstar’s ability to successfully execute on its strategic plan
and meet its long-term financial goals; Qualstar’s ability to
successfully implement and recognize cost savings; Qualstar’s
ability to develop and commercialize new products; industry and
customer adoption and acceptance of Qualstar’s new products;
Qualstar’s ability to increase sales of its products; the
rescheduling or cancellation of customer orders; unexpected
shortages of critical components; unexpected product design or
quality problems; adverse changes in market demand for Qualstar’s
products; increased competition and pricing pressure on Qualstar’s
products; and the risks related to actions of activist
shareholders, including the amount of related costs.
For further information on these and other cautionary
statements, 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 Transition Report on Form
10-KT for the transition period July 1, 2015 to December 31, 2015,
the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” section of such Form 10-KT, 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).
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version on businesswire.com: http://www.businesswire.com/news/home/20170215005345/en/
N2Power, a Division of Qualstar CorporationProduct
Information:Randy Johnson, 805-583-7744 x 203Director of
SalesRandy.johnson@n2power.comorInvestor Relations:Steven N.
Bronson, 805-623-4184Chief Executive Officer
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