Oak's IPS/PS3 Software Deployed in Hewlett-Packard's New Families of Inkjet and LaserJet Printers

7/1/2002 - Oak Technology, Inc, (Nasdaq: OAKT) a leading provider of embedded solutions for optical-storage and digital-imaging markets, today announced that its Postscript 3-compatible language interpreter, IPS/PS3, has been designed into Hewlett-Packard's new Color LaserJet 4600 series as well as the Business Inkjet 2600 series and Business Inkjet 2280 series. The Business Inkjet 2600 model also features Oak's PCL 5C Windows PrinterDriver™. Oak's long-term partnership with Hewlett-Packard and these product deployments have significantly contributed to Oak's penetration into these new market segments and extended its position in the color printer market.

Oak's industry-leading IPS/PS3 interpreter deployed in HP's new family of printers is based on Oak's Integrated Print System™, a dynamic, embedded, scalable architecture providing peripheral manufacturers with highly integrated, modular controller and connectivity software for powering printers and multifunction peripherals. Oak's IPS/PS3 PostScript 3-compatible interpreter offers enhanced image processing and efficient performance, enabling OEMs to develop high-quality color peripherals. Oak's PCL 5C Windows PrinterDrivers support compatible interpreters by offering flexible, customizable, full-featured technology.

"HP is striving to meet the diverse demands for professionally connected color printers with a dual emulation language strategy, and Oak is the leading provider of both PostScript and PCL printing technology," said Simon Dolan, senior vice president and general manager, Oak Technology Imaging Group. "Ultimately, the networking and color printing needs of various evolving business markets are met."

Hewlett-Packard's Color LaserJet 4600 network laser printer is designed to offer performance, flexibility, ease-of-use, and professional output. It is based on a 400-MHz processor and standard memory configurations that are expandable to 416 MB. Capable of managing extremely complex color files the Color LaserJet 4600 prints at a maximum of 17 pages-per-minute (ppm) for both color and black and white documents. The device's print languages (including the PostScript 3 emulation), firmware and hardware enhancements also further enhance performance and color accuracy.

The HP Business Inkjet 2600 is targeted at smaller businesses, and features high-quality color printing at a low cost-per-page while still providing high-performance and wide-format color printing for office workgroups. It prints color at 6ppm, and black and white at 8 ppm in normal mode. In network fast mode, the printer is capable of 11 ppm color and 15 ppm black and white, and can print on various media up to 13 x 19. The HP Business Inkjet 2280 printer produces high-quality color documents at speeds of 7.5 ppm normal mode and 14 ppm in fast mode. It also accommodates a wide variety of business documents at a low cost-per-page. Both printers feature the option of being shared across a network or Internet-enabled for printing e-services and remote management.

Oak Technology's Imaging Group
Oak's Imaging Group is a leading provider of software, imaging processors and system-on-a-chip solutions (SOC) to the world's top printer OEMs including Canon, Hewlett-Packard, Ricoh, Sharp, Toshiba TEC and Xerox. Oak Technology supplies peripheral technology to more than 40 OEMs worldwide, collectively representing 80 percent of the printing peripheral market. Oak's imaging products include Integrated Print System (IPS™) page description language emulations (PCL 5 and 6, PostScript 3 and PDF); imaging compression/decompression processors (iCODEC); imaging digital signal processors (iDSP); and Quatro™ SOC solutions.

For more information on Oak Technology and its industry-leading software solutions, please visit www.oaktech.com or contact your sales representative at (781) 638-7500.

About Oak Technology
Oak Technology, Inc., a leading provider of solutions for the storage, management, and distribution of digital content, is committed to driving the emerging world of connected Information Appliances. The company's fully integrated products and technologies target two key markets: optical storage (CD-RW and DVD for PC and consumer) and digital imaging (advanced copiers, printers, faxes, scanners and MFPs). Founded in 1987, Oak is headquartered in Sunnyvale, Calif., and has sales offices, design centers and research facilities around the world. The company trades on the Nasdaq Stock Exchange under the symbol OAKT. Additional information about Oak and its digital solutions can be found at www.oaktech.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: In addition to the historical information contained herein, statements in this press release may contain forward-looking statements within the meaning of the Federal securities laws and are subject to the safe harbors created thereby. These statements involve risks and uncertainties and may differ materially from actual future events or results. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: Factors that could cause actual outcome to differ materially from those set forth include, without limitation, the rate of adoption of new technology, the rate of growth of the printer market, changes in product mix or distribution channels; the demand for printer semiconductors and software, and end-user products that incorporate printer semiconductors and software; technological difficulties and resource constraints encountered in developing and/or introducing new products, and market acceptance of new products. Forward-looking statements contained in this press release regarding expected financial results, industry trends, sales and future product development and business strategies and activities should be considered in light of these factors, and those factors discussed from time to time in the Company's public reports filed with the Securities and Exchange Commission, such as those discussed in the Company's Annual Report on Form 10K for fiscal year ended June 30, 2001, and in quarterly reports on Form 10Q.

Oak Technology is a registered trademark of Oak Technology, Inc. The Oak logo, Integrated Print System, IPS, and PCL 5C Windows PrinterDriver are common law trademarks of Oak Technology, Inc. All other brands, product names, and company names are trademarks or registered trademarks of their respective owners.

Editorial Contacts:
Suzanne Dumaresq
Oak Technology, Inc.
(781) 638-7703

Rebecca DiCorti
Oak Technology, Inc.
(408) 523-6658

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