Qualstar Into Technology Development Agreement With Sony Imaging Products and Solutions

Qualstar Corporation entered into a technology development agreement with Sony Imaging Products and Solutions Inc.

Pursuant to the agreement, the company will design and develop the specifications and architecture for an enterprise optical disc archive library. The agreement, which can be terminated by Sony Corporation at any time, provides that the firm will receive installment payments for its services, which are expected to be completed by March 31, 2018.

Following completion of the services, the parties may enter additional agreements relating to the production of the enterprise optical disc archive library.