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SBE Sells Embedded Business

SAN RAMON, Calif. -- SBE, Inc. (Nasdaq:SBEI - News), a leading provider of high-performance IP storage solutions serving remote back-up and disaster recovery applications, today announced it has signed a definitive asset purchase agreement to sell its embedded hardware business to One Stop Systems, Inc. for approximately $2.2 million in cash. In addition, under the terms of the agreement, One Stop Systems will assume the lease liabilities associated with SBE's corporate headquarters and equipment related to the embedded hardware business.

"We are pleased with the terms of the asset sale transaction. The infusion of $2.2 million in cash, coupled with the reduction in our long-term liabilities, expands the options available to SBE as we explore all strategic alternatives that may enhance shareholder value," said Greg Yamamoto, President and Chief Executive Officer of SBE.

SBE Inc.