N2Power, Inc., a Subsidiary of Qualstar Corporation, Receives a New Purchase Order for $1.1 Million

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N2Power, Inc., a Subsidiary of Qualstar Corporation, Receives a New Purchase Order for $1.1 Million

SIMI VALLEY, Calif.--(BUSINESS WIRE)--Apr. 12, 2018-- 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 another $1.1 million order from an existing prestigious gaming customer. Shipments against this order are expected to occur over the next twelve months. N2Power provides standard, semi-custom and custom power solutions for OEMs in various markets worldwide.

“It is exciting to see the fruition of our engineering and other available resources being validated with new and continued orders from our gaming customers,” said Randy Johnson, N2Power’s Vice President of Sales.

“We are committed to growing our footprint in the gaming market by providing customer driven standard and custom power solutions,” 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, 2017, 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.

Source: Qualstar Corporation

Product Information:
N2Power, Inc., a Subsidiary of Qualstar Corporation
Randy Johnson
Vice President of Sales
805-583-7744 x 203
Randy.johnson@n2power.com
or
Investor Relations:
Qualstar Corporation
Steven N. Bronson
Chief Executive Officer
805-617-4419
IR@Qualstar.com