ProStor Raises $5 Million From Imation Corporation

ProStor is a company that develops devices such as removable hard disks.  Imation Corporation has invested $5 million into ProStor earlier this week.  As part of the agreement, Imation has made a licensing agreement with ProStor for the company’s RDX removable disk format.  Imation signed a 10 year license extension on RDX, giving them the rights to manufacture, market, and sell the technology.  [TechRockies]