Printronix and TallyGenicom AG Reach Final Agreement in Europe and Worldwide

Mon May 11, 2009 3:00am EDT

* Reuters is not responsible for the content in this press release.

  IRVINE, CA and ULM, GERMANY, May 11 (MARKET WIRE) -- 
Printronix Inc. and TallyGenicom AG today confirmed that both companies
have reached a definitive agreement to sell TallyGenicom-branded printers
and components in Europe and worldwide.

    Under the terms of the agreement, Printronix will acquire intellectual
property from TallyGenicom AG as well as worldwide sales distribution
rights for all TallyGenicom line matrix and laser technologies, including
printers, supplies and consumables. The acquisition is subject to
regulatory approval. In addition, TallyGenicom AG retains all intellectual
property and worldwide distribution rights for the TallyGenicom
serial-matrix, inkjet and thermal technologies, which includes printers
and options, supplies and consumables. TallyGenicom AG will continue to
resell TallyGenicom-branded line matrix and laser products purchased from
Printronix, and Printronix will resell serial matrix products purchased
from TallyGenicom AG.

    The companies entered into this agreement after TallyGenicom lodged
objections to Printronix's March 23, 2009 acquisition of certain assets
of TallyGenicom LP, as prescribed by the U.S. Bankruptcy Court for the
District of Delaware. Today's announcement resolves all disputes between
Printronix and TallyGenicom AG.

    Distributors, resellers and end-user customers of TallyGenicom-branded
products can purchase products from their existing TallyGenicom reseller
or by contacting Printronix's global sales offices:


--  United States: +1 800-665-6210
--  Europe, Middle East, & Africa: +33 (0) 1 46 25 19 00
    

    
Customers wishing to contact TallyGenicom AG may call +49 (0) 731 20
75 0

    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 headquarters 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.

    

Media Contacts:
Cara Good
cara.good@wundermarx.com
Theresa Dreike
theresa.dreike@wundermarx.com
WunderMarx Inc. for Printronix Inc.
+1 714 862-1112

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