1/9/2004 - Peerless Systems Corporation (Nasdaq: PRLS), a provider of imaging and networking controllers to the digital document market, announced an agreement with Legend (Beijing) Limited (Legend) to utilize Peerless controllers and technologies for an upcoming color printer to be marketed in the People’s Republic of China (PRC). Under this agreement, Peerless is providing turnkey development of an office color tandem laser printer. Legend is a wholly owned subsidiary of Legend Group Limited, China’s leading IT provider.
“The Chinese color imaging market is rapidly expanding and Legend’s strategic plan is to become the leading provider of color printing solutions,” said Mr. Liu Hong, assistant president of Legend Group Limited and general manager of Legend’s Peripheral Equipment Business Division. “To that end, we have selected Peerless as one of our important partners to accomplish our goal.”
In 2002, Legend licensed Peerless technologies for the internal development of a 22 page per minute monochrome printer, the LJ7500E, which is currently shipping in PRC. Under this new agreement, Legend will license PeerlessPrint®, PeerlessPageTM, and PeerlessDriverTM for a new office tandem color laser. In addition, Legend will purchase the Peerless QuickPrint® graphics co-processor for use in the upcoming color printer.
"We are happy to be selected by Legend for this color turnkey development project," said Howard Nellor, president and chief executive officer, Peerless. "More importantly, Peerless shares Legend’s commitment to achieve its specified goals and the demands of the marketplace. Through our ‘Partner-to-DevelopTM’ customer relationship program and our new offerings, such as Sierra high performance color technologies, we expect to fully support Legend in its quest to provide a full spectrum of cost-effective color imaging products to the PRC marketplace.”
Legend Group Limited (HKSE stock code: 992; ADR stock code: LGHLY) is the largest IT enterprise in China boasting a diverse business profile. The Group’s own brand PCs have been the best sellers in China since 1997, commanding a market share of about 27% in 2002. Legend PCs also top the bestseller list in the Asia Pacific region (excluding Japan) with a market share of 12.7%. In addition to PCs, the Group’s product portfolio also includes servers, mobile handsets, handheld devices, digital products, motherboards, etc. The Group also offers professional IT consulting services.
Legend was listed on the Hong Kong Stock Exchange in 1994, and is a constituent stock of the Hang Seng Index. Its American Depositary Receipts are being traded in the United States. For more information, please visit: www.lenovo.com
About Peerless Systems Corporation
Founded in 1982, Peerless Systems Corporation is a provider of imaging and networking controllers to the digital document markets, which include manufacturers of color, monochrome and multifunction office products and digital appliances. 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 imaging controller. Peerless’ broad line of scalable software and silicon offerings enables its customers to shorten their time-to-market and reduce costs by offering unique solutions for multiple products. Peerless’ customer base includes companies such as Canon, IBM, Konica Minolta, Kyocera, Legend, OkiData, Ricoh, Seiko Epson and Xerox. Peerless also maintains strategic partnerships with Adobe, IBM Microelectronics, and Novell. For more information, visit the Company’s web site at www.peerless.com.
PeerlessPrint and QuickPrint are registered trademarks of Peerless Systems Corporation. Peerless, Partner-to-Develop, PeerlessDriver and PeerlessPage are trademarks of Peerless Systems Corporation.
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