Printronix Provides Positive Update on Expected Results for Fiscal Third Quarter 2007

  
    
  
  
    
      Printronix, Inc. (NASDAQ:PTNX), the leading manufacturer of integrated 
      enterprise printing solutions for the supply chain, today provided an 
      update on its expected financial results for the third quarter ended 
      December 29, 2006. The Company currently expects that its revenue for 
      the fiscal third quarter will be between $34.7 and $34.9 million, 
      exceeding the high end of the range provided in its fiscal second 
      quarter earnings announcement on November 8, 2006. At this higher level 
      of revenues, the Company anticipates that its net income and earnings 
      per share for the fiscal third quarter of 2007 will exceed the previous 
      guidance of $0.07 to $0.14 per share. The increased revenue and earnings 
      expectations for the fiscal third quarter reflect the unanticipated 
      closing of several large transactions during the quarter, especially in 
      the automotive industry. The Company expects to report its fiscal third 
      quarter 2007 results on or about February 7, 2007.
    
    
      The Company also commented today that it does not expect any material 
      impact from the recently-announced proposed joint venture between IBM’s 
      Printing Systems Division and Ricoh. On January 25, 2007, IBM and Ricoh 
      announced the formation of a joint venture company called InfoPrint 
      Solutions Company where Ricoh would initially acquire 51% going to 100% 
      over three years. Printronix management has been informed that all 
      current IBM contracts will be assigned to the new company and the Company’s 
      business will continue as usual. IBM represented 22.5% of Printronix’ 
      total revenue in fiscal 2006.
    
    
      Except for historical information, this press release contains “forward-looking 
      statements” about Printronix, within the 
      meaning of the Private Securities Litigation Reform Act of 1995. Terms 
      such as “objectives,” 
      “believes,” “expects,” 
      “plans,” “intends,” 
      “should,” “estimates,” 
      “anticipates,” “forecasts,” 
      “projections,” and 
      variations of such words and similar expressions are intended to 
      identify such forward-looking statements. These statements involve a 
      number of risks, uncertainties and other factors that could cause actual 
      results to differ materially, including: adverse business conditions and 
      a failure to achieve growth in the computer peripheral industry and in 
      the economy in general; the ability of the company to achieve growth in 
      the Asia Pacific market; adverse political and economic events in the 
      company’s markets; a worsening of the global 
      economy due to general conditions; a worsening of the global economy 
      resulting from terrorist attacks or risk of war; a worsening of the 
      global economy resulting from an outbreak of avian flu or other world 
      health epidemic; a worsening of the global economy resulting from a 
      resurgence of SARS (Severe Acute Respiratory Syndrome); the ability of 
      the company to maintain its production capability in its Singapore plant 
      or obtain product from its Asia Pacific suppliers should a resurgence of 
      SARS occur; the ability of the company to hold or increase market share 
      with respect to line matrix printers; the ability of the company to 
      successfully compete against entrenched competition in the thermal 
      printer market; the ability of the company to adapt to changes in 
      requirements for radio frequency identification (“RFID”) 
      products by Wal-Mart and/or the Department of Defense and others; the 
      ability of the company to attract and to retain key personnel; the 
      ability of the company’s customers to achieve 
      their sales projections, upon which the company has in part based its 
      sales and marketing plans; the ability of the company to retain its 
      customer base and channel; the ability of the company to compete against 
      alternate technologies for applications in its markets; the ability of 
      the company to continue to develop and market new and innovative 
      products superior to those of the competition and to keep pace with 
      technological change; and that InfoPrint Solutions Company, the 
      successor entity to IBM’s Printing Systems 
      Division, may change its product and marketing focus in a way that 
      reduces its purchase of Printronix products. The company does not 
      undertake to publicly update or revise any of its forward-looking 
      statements, even if experience or new information shows that the 
      indicated results or events will not be realized.
    
    
      About Printronix, Inc.
    
    
      Since 1974, Printronix Inc. (NASDAQ:PTNX) has created innovative 
      printing solutions for the industrial marketplace and supply chain. The 
      company is the worldwide market leader in enterprise solutions for line 
      matrix printing and has earned an outstanding reputation for its 
      high-performance thermal 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, California. For company information, see www.printronix.com.