SIMI VALLEY, CA--(Marketwired - Oct 2, 2013) - Qualstar Corporation (
"Arun brings proven success selling tape storage solutions into new markets. His extensive experience makes him the perfect candidate for Qualstar, with his thorough understanding of our customers' needs and his knowledge in building market strategies that deliver results," said Steven N. Bronson, CEO. "Arun is the ideal person to promote Qualstar's archival tape solutions and expand our business geographically and strategically into rapidly growing market sectors."
In addition, Alicia Hyde is promoted to VP of International Sales focusing on the European market, teaming with Arun to ensure an extensive presence in the international market. This appointment allows the executive team to be more efficient and effective in driving the strategic business growth initiatives for 2013 and beyond.
Mr. Bronson continued, "Alicia will leverage her already proven track record and established relationships to drive increased sales for our data storage solutions. This move further strengthens the foundation of our growth strategy, which is to realize the full market potential of the core product portfolio, and have it supported by a global business infrastructure. Europe is already a key market for Qualstar, and this promotion scaled with future growth enables us to become more strategically focused in order to drive both organic and inorganic sales."
Qualstar, founded in 1984, is a diversified electronics manufacturer specializing in data storage and power supplies. 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.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements relating to expectations, plans or prospects for Qualstar Corporation that 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. 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 global 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 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 Annual Report on Form 10-K for the fiscal year ended June 30, 2012, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of such Form 10-K, and any subsequently filed reports. All documents also are available without charge through the SEC's website (www.sec.gov) or from Qualstar's website (www.qualstar.com).
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