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Thursday, Sep 21, 2023

Sony, Qualstar to Develop Optical Data Storage System

Qualstar Corp. has entered into an agreement with Sony Imaging Products & Solutions Inc. to develop an optical disc archive system for computer data, the company has announced. Under the agreement, the Simi Valley manufacturer will receive installment payments for its design and development services, which are expected to be complete by the end of March. After the agreement ends, the companies may enter into additional agreements relating to production of the enterprise class optical disc archive library. Qualstar makes tape data storage and computer power supply equipment. Shares of Qualstar (QBAK) closed Wednesday down 12 cents, or 1.7 percent, to $6.94 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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