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Peerless Systems PeerlessPrint5C Expands Language Support in Newest Xerox Color Printer; Company Streamlines New Product Development by Licensing Printer Language SDK.

Business Editors

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Feb. 29, 2000

Peerless Systems Corporation (Nasdaq:PRLS), a leader in embedded imaging and networking solutions, announced today that Xerox Corporation has released its new Phaser(R) 850 solid ink color printer incorporating Peerless' PeerlessPrint(R)5C printer language, an emulation of HP's PCL 5c. Xerox licenses Peerless' Software Development Kit (SDK) source code as its design base for integrating the popular printer language into its own imaging system, allowing the company to add unique features and to extend the technology through an entire family of products.

"Xerox offers a long and successful history of design and sales of high-quality color printers," said Ron Davis, Peerless vice president of sales. "By incorporating the PeerlessPrint(R) language into their products, the company can continue to bring cost-effective color printing solutions to market, including the new Phaser 850."

Xerox adds the Phaser 850 to its lineup of PeerlessPrint(R)5C-supported color printers, including the Phaser 740 and Phaser 780 color lasers, to ensure the highest degree of compatibility in networked environments. The company selected PeerlessPrint(R)5C to provide robust compatibility with HP's PCL 5c printing language. PeerlessPrint(R) technology is platform-independent and supports multiple engine technologies, including color laser and solid ink. PeerlessPrint(R)5C provides OEMs with a proven, compatible product, while integrating advanced features that provide critical product differentiation.

The Phaser 850 is Xerox' newest generation of solid ink color printers. The Phaser 850 will replace the earlier solid ink offering, the Phaser 840, and offers higher resolutions ranging from 800 to 1200 dots-per-inch and speeds from 3.5 to 14 pages-per-minute. Equipped with optional high-capacity input trays and automatic duplexing, plus standard 10/100BaseT networking, Adobe PostScript(R) and PeerlessPrint(R)5C, the Phaser 850 is well-positioned for corporate office color applications.

PeerlessPrint(R) Provides Cost-Effective Alternatives to

HP Printer Languages for Color and Monochrome Printers

Since 1994, Peerless has been the leading provider of PCL language emulations for the printer market. The company developed both the first variable-resolution PCL 5 emulation and the first PCL 5 emulation to support an output resolution of 600dpi in 1991. In 1994, PeerlessPrint(R)5E was the first emulation to offer full compatibility with HP's LaserJet 4 by incorporating complete PCL 5e and printer job language (PJL) support. With PeerlessPrint(R)5C, Peerless extended the PeerlessPrint(R) family to support the color capable PCL 5c language, and most recently, PeerlessPrint(R)6 has allowed OEMs to provide full compatibility with HP's PCL 6 printing language both on color and monochrome systems.

About Peerless ImageWorks

Peerless Systems' imaging technologies are offered under its ImageWorks(TM) solution, which offers OEMs of digital imaging products an integrated, scalable set of solutions for a cost-effective way to bring high-value products to market faster. These solutions include Peerless' family of PCL emulations, PeerlessPrint(R)5E, PeerlessPrint(R)5C, PeerlessPrint(R)6, PeerlessPrint(R) host software drivers, WinEXPRESS(R), an optimized Windows printing language, PeerlessPage(TM) Imaging Environment, Memory Reduction Technology(R) (MRT), and the QuickPrint(R) family of coprocessors. OEMs can license these technologies individually or integrate the entire solution into their systems for a flexible approach to developing products from SOHO monochrome printers to high-end digital color copiers.

About Peerless Systems Corporation

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. 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 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 Corporation is located at 2381 Rosecrans Avenue, El Segundo, CA 90245. Main telephone: (310) 536-0908; facsimile: (310) 536-0058; website:

Auco, Peerless, PeerlessPage, PeerlessPowered, AccelePrint, All-Pages-Print, MultiPrint, OptiSys, PicturePrint, SyntheSys and Camera Page Language (CPL) are trademarks of Peerless Systems Corp. Memory Reduction Technology (MRT), Peerless Systems, PeerlessPrint, QuickPrint, and WinEXPRESS are registered trademarks of Peerless Systems Corp. PCL is a registered trademark of Hewlett-Packard Company. Phaser is a registered trademark of Xerox Corporation. All other brand and product names are trademarks or registered trademarks of their respective owners.

"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. These statements include the acquisition of Auco. 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 Forms S-4, 10-K and 10-Q. The company disclaims any obligation to update these statements for subsequent events.

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.
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Publication:Business Wire
Date:Feb 29, 2000
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