Peerless announces embedded imaging solutions for Adobe PostScript 3 OEM customer products to ship 2H '97.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--April 22, 1997--

Peerless' embedded imaging provides low-cost, high performance,

high quality multi-PDL printing for networked monochrome, MFP and

color markets

Peerless Systems Corp. (NASDAQ:PRLS) Monday announced solutions for Adobe PostScript 3 customer products targeted for the digital document arena.

As a leader in embedded solutions containing Adobe PostScript 3, Peerless expects several product shipments with multiple OEMs incorporating Adobe PostScript 3 into Peerless' optimized multi-PDL embedded imaging systems by year end 1997. (a)

"Peerless recognizes the benefits Adobe PostScript 3 affords and is pleased to deliver complete imaging solutions incorporating this technology," said Tom Ruffolo, vice president of marketing at Peerless Systems. "As a leading Adobe co-developer, we are committed to efficiently providing state-of-the-art printing solutions integrating Adobe's technologies into our systems."

"The continued growth of the Internet and corporate networks has created a host of new printing requirements and challenges," said Jim Stephens, vice president of marketing, Adobe printing and systems division. "Peerless' delivery of embedded imaging solutions that incorporate Adobe PostScript 3 will provide the high performance and high quality systems required for the next generation of digital document devices."

Peerless offers complete and optimized solutions utilizing object-based imaging and tightly integrated software and silicon. Peerless has leveraged its expertise to enable quick time-to-market delivery of color and monochrome printers and multifunction devices incorporating Adobe PostScript 3.

Peerless solutions are designed to reduce the cost of goods for networked desktop devices by providing other technologies such as high performance and high quality color imaging with Memory Reduction Technology (MRT).

Additionally, flexible configurations of the PeerlessPage Imaging Environment are available to combine both Adobe PostScript and Peerless Print, Peerless' family (PeerlessPrint5E/C/XL/6) of leading HP PCL emulations. Finally, supporting silicon from Peerless further reduces cost, time-to-market while increasing quality and performance.

More on Peerless Solutions

Peerless' embedded imaging system solution is based on its proprietary object-based image processing technology, which increases print quality and speed while reducing costs. The technology rests on a modular architecture, allowing the flexibility to add networking support, languages or multifunction features to the OEM digital document products.

Peerless' scaleable technology addresses the broad spectrum of products in both the low-cost and high-performance sectors of the market, from printers and MFPs to color printers and color copier/printers.

In addition to PeerlessPage, Memory Reduction Technology and Peerless Print family of PCL emulations, Peerless technologies include modular controller designs, WinEXPRESS optimized Windows printing solution, PSIO and other networking solutions and Peerless QuickPrint family of coprocessors.

The combination of Peerless software and silicon dramatically accelerates critical graphics, color rendering and printing functions, thus reducing the amount of memory required to print complex pages while dramatically improving the performance and integrating functions commonly found on printer controllers.

OEMs can license these technologies individually or integrate the entire solution into their systems. Peerless has designed customized solutions for the digital document industry's leading OEMs to facilitate their next generation of products. OEM customers include Canon, IBM, Xerox, Seiko Epson, Tally Corp. and Digital.

More on Peerless Systems Corp.

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 emerging 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 provides advanced embedded imaging technologies that enable the company's OEM customers to develop digital printers, copiers and multifunction products quickly and cost-effectively.

Peerless Systems is located at 2381 Rosecrans Ave., El Segundo, Calif. 90245. Main telephone: [phone]; fax [phone]; Web site: www.peerless.com . -0- NOTE TO EDITORS: Peerless, PeerlessPage, PeerlessPrint, PSIO, QuickPrint and WinEXPRESS are trademarks and Memory Reduction Technology is a registered trademark of Peerless Systems Corp. Adobe and Adobe PostScript 3 are trademarks of Adobe Systems Inc. All other brand and product names are trademarks or registered trademarks of their respective owners. -0- (a) "Safe Harbor" Statement under the Private Securities Litigation Reform Act 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 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, difficulties which the company may experience in completing the developments of turnkey designs for OEM customers, its color technology 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 that 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 S-1.

CONTACT: Peerless Systems Corp., El Segundo

Ave Jacinto, 310/297-3264

[e-mail]

or

Miller/Shandwick Technologies, Los Angeles 

Michelle Spolver/Sari Gallagher, 310/822-4669

[e-mail]

[e-mail]