SOURCE: Printronix Inc.

Printronix Inc.

April 15, 2009 15:23 ET

Printronix and TallyGenicom AG Reach Interim Sales Agreement in Europe and Worldwide

Under Terms, Both Companies May Sell TallyGenicom-Branded Products Worldwide During Ongoing Trademark and Intellectual Property Rights Negotiations

IRVINE, CA and ULM, GERMANY--(Marketwire - April 15, 2009) - Printronix Inc. and TallyGenicom AG today confirmed that both companies will continue to sell TallyGenicom-branded printers and components in Europe and worldwide with no limitations.

Following the March 23, 2009 announcement made by the U.S. Bankruptcy Court for the District of Delaware naming Printronix the winning bidder in the court-supervised auction of certain assets of TallyGenicom LP, TallyGenicom AG voiced disagreement over sale of certain assets. Printronix and TallyGenicom now have reached an agreement in principle to resolve disputes between them. While the detailed agreement is being prepared, each company is permitting the other to sell TallyGenicom-branded products to customers worldwide as well as purchase necessary components from suppliers.

About Printronix Inc.

Since 1974, Printronix Inc. has created innovative printing solutions for the industrial marketplace and supply chain. The company is a worldwide leader in enterprise solutions for line-matrix printing and has earned an outstanding reputation for its high-performance thermal bar code and fanfold laser printing solutions. Printronix also has become an established leader in pioneering technologies, including radio frequency identification (RFID) printing, bar code compliance and networked printer management. Printronix is headquartered in Irvine, Calif. For company information, see www.printronix.com.

About TallyGenicom AG

TallyGenicom AG offers computer printers, supplies and services for commercial and industrial applications. The products are designed to meet the high requirements in such branches like transportation, logistics, production, warehousing, trade and healthcare.

Robust construction, high reliability and long-life cycle stand for the main features of the products of TallyGenicom AG.

The headquarter of TallyGenicom AG is based in Ulm, Germany, where all operations European-wide are managed. Subsidiaries are based in France, Italy, Austria, Russia, Spain, the UK and Singapore. For further information, see www.tallygenicom.de

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