More than half a year after storage peripheral maker QPS Inc. first acknowledged financial difficulties, it appears that there’s light at the end of the tunnel: The company has reorganized under the aegis of a new organization, called Digital Peripheral Solutions (DPS).
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Anaheim, Calif.-based QPS Inc.’s shaky financial condition first came to light last August when it confirmed with MacCentral that it had filed for Chapter 11 bankruptcy protection. QPS made external USB 2.0 and FireWire-equipped hard disk drives and optical storage drives.
DPS assumes full ownership of QPS assets under the purchase and reorganization plan, and will continue to manufacture products under the Que! brand first introduced by QPS. DPS chief financial officer Rajeev Sharma — one of QPS’s cofounders — noted that his new company will continue providing customer and technical support. He also said that DPS will introduce new products in the coming months.
“More important, it gives us the financial strength to move forward in developing our new generation of computer peripherals, especially those based on convergence technology, that continue the QPS tradition of offering leading edge products at an affordable price,” said Sharma.
QPS products are available from retailers including Fry’s, Apple Stores, mail order companies like Amazon.com, Buy.com, and others. Product information, support and other details remain available at the QPS Web site.
Representatives of DPS were not available for comment as MacCentral posted this article.