Peerless Systems Corporation and Nomadix Collaborate on a Complete Driverless Printing Solution to be Demonstrated at HITEC 2001.Business Editors 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)--June 21, 2001 Peerless' MagicPrint(TM) Solution Allows 24/7 Printing to Local Printer(s) from Hotel Room Peerless Systems Corporation (Nasdaq:PRLS PRLS Puerto Rican and Latino Studies (program of study) ), a provider of embedded imaging, networking and storage solutions, announced today its collaboration with Nomadix(TM), the leading supplier of infrastructure enabling Internet services, to evaluate the integration of high-speed Internet See broadband. access and driverless printing solution for the hospitality market using Peerless' MagicPrint(TM) and Nomadix' Universal Subscriber Gateway(TM) (USG (UNIX Systems Group) The division within Novell that was responsible for UnixWare. See USL. (TM)). Hotels that standardize on MagicPrint(TM) and the USG(TM) can now provide their guests with high-speed Internet access and the ability to print most documents to a networked printer without reconfiguring the guest's computer or requiring any client-side software being loaded. This is a driverless solution that meets away-from-office printing needs of the traveling professional and provides the convenience of one-stop billing to the guest's hotel room invoice. Peerless' MagicPrint(TM) Driverless Printing Solution(TM) allows users to print files or web pages to any enabled local networked printer via their laptops without installing any additional software. Within seconds, the user can browse for a file on his or her laptop, or type in the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. of a web page he or she would like to print, or preview the file or web page before printing it. A tailor-made solution for the hospitality market, MagicPrint(TM) supports a 24/7 convenient printing option for guests which can also augment the hotel's business center opportunities for guests who may need to copy, collate col·late tr.v. col·lat·ed, col·lat·ing, col·lates 1. To examine and compare carefully in order to note points of disagreement. 2. To assemble in proper numerical or logical sequence. 3. , bind, and hole punch their print jobs. The Nomadix USG's patented Dynamic Address Translation In a virtual memory system, the ability to determine what the real address is at the time of execution. See dynamic. (architecture) Dynamic Address Translation - (DAT) Conversion of a virtual address into a physical address, as performed by a memory management unit and an (DAT (1) (Dynamic Address Translator) A hardware circuit that converts a virtual memory address into a real address. See also DAT file. (2) (Digital Audio Tape) A magnetic tape technology used for backing up data. ) functionality offers a true "plug and play" solution by providing transparent broadband network connectivity covering every PC configuration (static IP, DHCP (Dynamic Host Configuration Protocol) Software that automatically assigns temporary IP addresses to client stations logging into an IP network. It eliminates having to manually assign permanent "static" IP addresses. DHCP software runs in servers and routers. , DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the , and proxies). No software downloads or PC configuration changes are required in order to get connected to the network enabling guests to access a hotel's broadband Internet services. "The Peerless MagicPrint(TM) solution is a great complement to our Universal Subscriber Gateway as it provides printing capability with the same no touch, no software configuration experience customers demand in Internet connectivity," said John DiGiovanni, director of product marketing, Nomadix. "This driverless printing solution enables a hotel to provide its guests with the convenience of having local printing billed directly to the room bill thus minimizing the complexity of integrating new technology into the hotel's Property Management System." "We are pleased to work with Nomadix to pursue the valuable application of our office printing solutions for users in various off-site environments, such as in hotels," said Greg Wong, product marketing director for Peerless Systems Corporation. "Guests get an easy-to-use, high performance, Internet access and printing solution in hotels. MagicPrint(TM) may even be utilized anywhere Internet connectivity and printing capabilities are needed such as airports, corporate campuses or dormitories." MagicPrint's initial installation is at the Westlake Village Inn in Westlake Village, California Westlake Village is a city located in Los Angeles County, California, USA. The population was 8,368 at the 2000 census. This city located in the Conejo Valley is known for its affluence and secluded character, and is considered one of the wealthier communities in the Greater Los , and features a Lexmark Optra T614 printer. MagicPrint(TM) is proving to be a consumer service that complements the hospitality market's increased utilization of the Internet as a guest amenity. "We are proud to offer innovative services to our guests by providing high-speed Internet access and convenient 24/7 local printing from every guest and meeting room," said D.J. Lockhart, Marketing Director, Westlake Village Inn. "Since there is no software to load, setup time is instant and there is no left over configurations to unload when the guests check out." The MagicPrint(TM) Driverless Printing Solution will be demonstrated at the HITEC HITEC Highway Innovative Technology Evaluation Center hospitality show June 26-28, 2001 in the Lexmark / Peerless booth (1253/1255) and in the Nomadix booth (134/136) at the Orange County Convention Center The Orange County Convention Center (OCCC) is the primary public convention center in Central Florida. The large complex is located on International Drive, a major tourist area in Orlando, Florida. in Orlando, Florida. About Nomadix Nomadix develops and markets edge-infrastructure service creation equipment that enables solution providers to offer ubiquitous broadband Internet services to their subscribers and generate incremental revenue streams beyond a flat rate connection fee. Nomadix' Universal Subscriber Gateway platform enables fast and easy broadband access for consumers, and provides a new world of opportunities for solution providers - a world in which anyone with an Internet-enabled device can instantly become a customer. For additional information on Nomadix and the Universal Subscriber Gateway, visit www.nomadix.com or call 800-666-2349. About Peerless Systems Corporation Peerless Systems Corporation, headquartered in El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. , is a provider of software-based embedded imaging and networking systems to OEMs of digital document products and software utilities to OEMs of Network Attached Storage devices. 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. Embedded networking systems supply the core software technologies to digital document products that enable them to communicate over local area networks and the Internet. The Company is also developing software utilities for OEMs of Storage Area Network devices. For more information on Peerless Systems Corporation or on the MagicPrint(TM) Driverless Printing Solution(TM), visit www.peerless.com or call (800) 362-5738. MagicPrint(TM) and Driverless Printing Solution(TM) are trademarks of Peerless Systems Corporation. All other trademarks are the property of their respective owners. This news release refers to various products and companies by their trade names. In most, if not all, cases these designations are claimed as trademarks or registered trademarks by their respective companies. 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 U.S. Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. This News Release contains such forward-looking statements within the meaning of 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. Words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words of similar substance used in connection with any discussion of future operations or financial performance identify forward-looking statements. In particular, statements regarding the Company's business outlook for future performance and growth, anticipated sales of the Company's products, including Block Licenses, market demand for customers' products, demand for the Company's engineering services and printer technology, including its MFP (MultiFunction Printer, MultiFunction Peripheral) See all-in-one and MFD. technology, outlook for future performance and growth of the Company including demand for and possible opportunities for software technology, expected completion dates of certain engineering efforts, statements regarding development and implementation of new technology and anticipated revenues, cash position, and profitability constitute forward-looking statements. These forward-looking statements are just predictions and involve risks and uncertainties such that actual results may differ materially from these statements. Important factors that could cause actual results to differ materially from those reflected in forward-looking statements made in this notice include, but are not limited to: a) changes in the marketplace in which Peerless offers its products; b) the failure of Peerless' business strategy to produce the projected financial results; c) the failure of the Company to maintain its margins due to changes in its business model in reaction to competitive pressures; d) the delay in or the non-acceptance by the market of new product and technology offerings; e) the inability of the Company to retain and attract the technical talent to compete effectively in the marketplace for imaging and storage; f) the failure of Peerless' markets to achieve expected growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ; g) that new licensing may not be achieved as a result of a number of changing circumstances, including, but not limited to, an unfavorable economy, resulting in decreased demand for OEMs' products using Peerless technology: h) that OEMs may elect not to proceed with development of products using Peerless technology because of, but not limited to, changes in demand for anticipated products, age of Peerless technology, cost of OEMs performing the efforts themselves, concerns of the 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 about Peerless financial position and Peerless' competitors offering alternative solutions; i) the competitors coming to market with new and possibly at a reduced cost, alternative solutions; j) the anticipated market growth in Imaging may not grow to expected levels; k) the costs associated with the development of products for Imaging may be higher than currently forecasted; l) higher than forecasted legal expenses and/or an unfavorable outcome to current matters being litigated, including class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax ; and m) other factors affecting Peerless' business, and these forward-looking statements as set out from time to time in Peerless' filings with the Securities and Exchange Commission, including the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. dated June 14, 2001, and filed thereon, in the Section called Risks and Uncertainties at pages 18-28, inclusive, and its Annual Report 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. dated May 1, 2001, and filed thereon, in the Section called Risks and Uncertainties at pages 33-42, inclusive, and the Company's other filings with the SEC. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company is under no obligation, and expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are qualified in their entirety by the foregoing cautionary statements. |
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