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T/R Systems Announces Strategic Development Initiative with Oce-USA

Press release from the issuing company

ATLANTA - Feb. 27, 2001 - T/R SYSTEMS, INC. (NASDAQ: TRSI), a leader in developing innovative solutions for the management and production of digital communications, announced today plans to integrate its software with print devices from the Document Printing Systems business unit of Oce-USA, Inc. T/R Systems plans to introduce the solution to IKON Office Solutions, a distribution partner of both Oce and T/R Systems. The parties anticipate a definitive agreement to be completed by the end of March 2001. "We are collaborating with T/R Systems to introduce a joint Oce and T/R Systems solution that will provide additional opportunities in print-on-demand for our customers," said John Forbes, Vice President of Alternate Channels, Oce Document Printing Systems. "We believe that the combination of our two product families will be a powerful force in the industry." Mike Kohlsdorf, President and CEO of T/R Systems stated, "Through this relationship, we will provide unique opportunities for customers to expand their production services as well as to take advantage of the leadership our two companies have in production output and document distribution technology." The companies expect to announce specific device connectivity options and distribution channels as the development phase nears completion.

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