CTS to Manufacture Qualstar Tape Libraries

This is an abstract of a SEC filing by Qualstar:
 
On December 20, 2012, Qualstar Corporation entered into a manufacturing and supply agreement with CTS Electronics Manufacturing Solutions, Inc.

Under the agreement, CTS will manufacture Qualstar’s RLS and XLS tape library products and related assemblies to Qualstar’s specifications and forecasts, with production to commence at CTS’s Moorpark, CA facility.

CTS will also purchase certain existing inventory from Qualstar and provide ongoing inventory management, provided that Qualstar will have customary obligations with respect to excess or obsolete inventory quantities under management by CTS.

The agreement has an initial term through December 20, 2013.