N2Power, Inc., a Subsidiary of Qualstar Corporation, Receives $2.0 Million in Orders from Existing OEM Gaming Customers
October 04 2017 - 9:00AM
Business Wire
Qualstar Corporation (NASDAQ: QBAK) announced today that
N2Power, Inc., a subsidiary of Qualstar and an industry leader in
the design and manufacturing of compact and high efficiency power
supplies, was recently awarded two $1.0 million orders from
existing prestigious gaming customers. Shipments against these
orders are expected to occur during 2018. N2Power provides
standard, semi-custom and custom power solutions for OEM’s in
various markets worldwide.
“We continually receive long-term ongoing repeat business from
our customers as a preferred supplier. The current orders from
two significant OEM customers in the gaming market directly speaks
to our value added manufacturing and services capabilities. We
pride ourselves in providing ‘customer driven’, high quality,
state-of-the-art power solutions,” said Randy Johnson,
N2Power’s Director of Sales.
“N2Power has a long and successful track record of providing
superior power solutions in a wide array of OEM applications across
many industries. We pride ourselves on delivering standard and
custom power solutions to meet our customers’ precise
specifications,” said Steven N. Bronson, Qualstar’s Chief Executive
Officer.
For additional information regarding N2Power power supplies,
call Shelley Urbina at 805-583-7744 or refer to our website at
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 and include statements relating to
when shipments against orders are expected to occur. 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/20171004005500/en/
Product Information:N2Power, Inc., a Subsidiary of
Qualstar CorporationRandy Johnson, 805-583-7744 x 203Director of
SalesRandy.johnson@n2power.comorInvestor Relations:Steven N.
Bronson, 805-617-4419Chief Executive OfficerIR@Qualstar.com
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