Peerless Systems Corp. Announces the Next Breakthrough in Low-Cost Embedded Color Solutions For The High-Speed Color Business Office Market.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Nov. 16, 1998-- Revolutionary Imaging Software and Silicon Solution Enables 4X Performance For Under $400 in the Next Generation of Tandem Color Printers and Copiers Peerless Systems Corp. (Nasdaq:PRLS PRLS Puerto Rican and Latino Studies (program of study) ), a leader in embedded imaging solutions, Monday announced an advanced software and hardware solution which will enable low-cost, high-performance embedded controller Controller circuitry built into a device or on the main system board, in contrast with a removable card or module. solutions for business office tandem color desktop printers and copiers at speeds up to 25 pages per minute. This revolutionary software and silicon combination will enable controller solutions for 25-page-per-minute color products at a controller cost of under $400. This is a four-times improvement in speed over most color desktop printers with only a moderate increase in controller costs. Monochrome products at speeds of up to 150 pages per minute can also be supported by the impressive bandwidth of the QP1900. In the spring of 1997, Peerless made news with the announcement of the world's first color laser printer A laser printer that prints in color using four toner cartridges (CMYK) of cyan, magenta, yellow and black. The colors are applied one at a time to the drum and are then adhered to the paper. See printer. under $3,000 by enabling the shipment of a line of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color laser desktop printers from a leading provider of printer and copier engines. During Fall Comdex of 1997, Peerless announced the QP+401, an integrated "system on a chip" solution that enabled low-cost controller solutions for both color and monochrome products. During Fall Seybold '98, Peerless demonstrated SyntheSys, a QP+401 controller solution enabling color solutions at speeds up to 6 pages per minute for under $70. The key to opening up the high-speed office color market is a tightly integrated imaging system, silicon and hardware design, which supports the new high-speed tandem engines. Peerless believes that the emerging tandem engines will be a prime moving force in the printer industry to deliver the promise of "color at monochrome speeds." Peerless controller solutions complete the equation by supplying the required horsepower to process multiple concurrent datastreams to optimally feed data to these new high-speed engines. Today Peerless is raising the bar in terms of the price/performance color solutions for tandem printers and copiers. Peerless is announcing a software solution for the revolutionary QuickPrint 1900 coprocessor coprocessor Additional processor used in some personal computers to perform specialized tasks such as extensive arithmetic calculations or processing of graphical displays. , the company's latest generation of QuickPrint graphics acceleration chips. The QP1900, when teamed with powerful processors such as MIPS (Million Instructions Per Second) The execution speed of a computer. For example, .5 MIPS is 500,000 instructions per second; 100 MIPS is a hundred million instructions per second. , PowerPC or Intel's i960, will provide a simple low-cost, high-performance solution for the emerging tandem market. This two-chip architecture is capable of supporting the rigorous data and performance demands of the new generation high-speed tandem color print engines. "The adoption of color in the business office market will significantly increase as the cost of color printing declines and the performance of color printing increases. Peerless continues to lead the market in providing the lowest cost, highest performance embedded controller solutions," said Ed Gavaldon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Peerless. "We believe the combination of our embedded imaging software and our state-of-the-art silicon technology embodied in the QP1900 will set a new industry benchmark for tandem color printer and copier solutions," Gavaldon added. The software and QP1900 solution provide a very attractive solution to cost-conscious, yet performance-minded printer OEMs, hungry to tap into the high-growth mainstream business office color printer and copier market. The QP1900 supports bi-level and continuous tone color tone color n. The timbre of a singing voice or an instrument. print engines in single and tandem configurations, at resolutions from 600 x 600 dpi and up. The silicon breakthrough for multiple video stream support is designed to significantly reduce the cost for mainstream office color printing “colour separation” redirects here. For other uses, see colour-separation overlay. Color printing is the reproduction of an image or text in color (as opposed to simpler black and white or monochrome printing). . Peerless' imaging technology provides a complete solution, including ease of use and user productivity, while reducing the total processing, memory and component cost for the new class of high-speed color desktop and copier tandem engine products. The Peerless QP1900 builds on the substantial silicon experience of the company's successful QuickPrint family of coprocessors. Added features for the QP1900 include four integrated independent video pipelines for tandem operation, high-speed synchronous DRAM Synchronous DRAM - Synchronous Dynamic Random Access Memory (SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. ), PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). logic interfaces, and support for ancillary compression/decompression chips. The company's PeerlessPage operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. remains unchanged in the support of the family of QuickPrint coprocessors, thereby providing OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and printer developers with a stable and transportable software platform. The PeerlessPage object-based imaging system incorporates robust color printing features that offer significant office productivity benefits that include: -- object-based imaging; -- high-speed industry-standard network interfaces; -- industry-standard color matching; -- MultiPrint send-once-print-many capability, plus support for advanced paper-handling features; -- multiple tray selection; -- duplexing; -- stapling, punching, jogging, secured output; and -- copying, scanning, print queue management, job accounting and much more. About Peerless Systems Peerless Systems is a leading provider of software-based embedded imaging systems to original equipment manufacturers of digital document products. Digital document products include printers, copiers, fax machines, scanners and color products, as well as multifunction products that perform a combination of these imaging functions. In order to process digital text and graphics, digital document products rely on a core set of imaging software and supporting electronics, collectively known as an embedded imaging system. The Peerless family of products and engineering services enable the OEM customers to develop digital printers, copiers and multifunction products quickly and cost effectively. The company is located at 2381 Rosecrans Ave., El Segundo, Calif. 90245. Main telephone: 310/536-0908; facsimile: 310/536-0058; www.peerless.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the following: the fact that the company's markets are characterized by rapidly changing technology, evolving industry standards and frequent introductions of new products and enhancements, and the company's ability to respond to such changes; fluctuations in OEM shipments which generate the company's license fee revenue; difficulties which the company may experience in completing the development of turnkey designs for OEM customers, its digital photography technology, its integrated multifunction semiconductor solutions or other products; the fact that the multifunction and color markets targeted by the company are at an early stage of development; the highly competitive nature of the markets for the company's products; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers for components used in the company's products; the quarterly variability in the company's bookings and design wins; and the company's reliance on a relatively small number of OEM customers for a large percentage of its revenue. These and other factors which could cause actual results to differ materially from those in the forward-looking statements are also discussed in the company's filings with the Securities and Exchange Commission, including its recent filings on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q. The company disclaims any obligation to update these statements for subsequent events. Note to Editors: Peerless, Peerless Systems, PeerlessPage, PeerlessPrint, PeerlessPowered, AccelePrint, All-Pages-Print, MultiPrint, PicturePrint, Camera Page Language, CPL, QuickPrint, SyntheSys and WinEXPRESS are trademarks of Peerless Systems Corp. Memory Reduction Technology (MRT MRT, n manual resistance technique, a treatment method used during the acute and recovery phases to relieve pain and rehabilitate the body's tissues and muscles. ) is a registered trademark of Peerless Systems Corp. PostScript is a registered trademark of Adobe Systems Incorporated. PCL (Printer Command Language) The page description language for HP LaserJet printers. It has become a de facto standard used in many printers and typesetters. PCL Level 5, introduced with the LaserJet III in 1990, also supports Compugraphic's Intellifont scalable fonts. is a registered trademark of Hewlett-Packard Company. All other brand and product names are trademarks or registered trademarks of their respective owners. |
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