Peerless Systems Corporation (NASDAQ: PRLS),


a provider of advanced imaging and networking technologies and components


to the digital document market, today announced the new Direct2PDF™


software development kit (SDK) for original equipment manufacturers (OEMs)


of multifunction products (MFP) and printers. The new Direct2PDF SDK


enables OEMs to create custom applications that allow users to specify


print job options such as number of copies and two sided PDF file printing


without using Adobe Acrobat or Acrobat Reader to open the PDF file first


and then print using a printer driver. OEMs can use the Direct2PDF SDK to


build workflow applications that enable capabilities such as batch


printing, drag and drop printing, and customizable hot folders.


The new Direct2PDF SDK provides a simple, object oriented framework to aid


OEMs in developing PC host applications that enable end users to instantly


access special direct PDF printer features normally only available through


a printer driver. This enables OEMs to add significant value for their


customers without increasing development time and resources.


"The Direct2PDF SDK will give our customers the ability to create unique


printing applications that leverage the broad utilization of PDF


technology," said Dr. Robert Westervelt, Chief Technology Officer, Peerless


Systems. "Peerless continues to add value to our suite of high quality,


high performance PDL SDKs."


Portable Document Format (PDF) is a file format developed by Adobe Systems


with the goal of enabling users to easily exchange and view electronic


documents. Because PDF is the specification of a document format, it does


not provide any support for print job management related settings. Job


related information is not included in a PDF document. Peerless'


Direct2PDF SDK provides OEMs and their users a seamless solution to this


problem.


Highlighted Links


http://www.peerless.com


Peerless' Direct2PDF SDK has shipped to an OEM and is available for other


OEMs to license now. The Direct2PDF SDK supports both the Windows and


Macintosh operating environments, and has complete documentation, sample


applications, and support available.


About Peerless Systems


Founded in 1982, Peerless Systems Corporation is a provider of imaging and


networking technologies and components 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 Mita, Lenovo,


OkiData, Ricoh, RISO, Seiko Epson and Xerox. Peerless also maintains


strategic partnerships with Adobe and Novell. For more information, visit


Peerless' web site at www.peerless.com.


Safe Harbor Statement Under The U.S. Private Securities Litigation Reform


Act Of 1995


This press release may contain forward-looking statements regarding future


events and our future performance that involve risks and uncertainties that


could cause actual results to differ materially. In particular, statements


regarding the outlook for our future business, financial performance and


growth, profitability, product availability, potential applications and


successes and the impact on future performance of organizational and


operational changes all constitute forward-looking statements.


Forward-looking statements also include but are not limited to statements


that relate to our ability to sell a new generation of printing


technologies to manufacturers of advanced office workgroup products, our


research and development capabilities, our ability to recognize revenue


from new OEM product lines of high-performance color technology, our


ability to maintain and build relationships with our current and future


customer base, including Konica Minolta, Novell, Seiko Epson and Kyocera


Mita, any statements that relate to the intent, belief, plans or


expectations of Peerless or its management or any statement that is not a


historical fact.


Risks that could cause actual results to differ include the possibility


that our existing and products under development may not prove effective,


the impact of Microsoft's "Longhorn" operating system, the timing of


licensing revenues and the reduced demand for our existing monochrome


technologies, our inability to achieve our expected level of sales for our


Peerless Sierra Technologies, our Everest controller or our other products,


an adverse change in our relationship with Adobe Systems Incorporated or


Novell Inc., the possibility that past results may not be indicative of


future results, the possibility that price and other competitive pressures


may make the marketing and sale of our products not commercially feasible


and other risks that are described in further detail in our reports filed


with the Securities and Exchange Commission, including but not limited to


our most recent Annual Report on Form 10-K for the fiscal year ended


January 31, 2005 in the section called "Certain Factors And Trends


Affecting Peerless And Its Business" at pages 16 through 25, inclusive,


filed on May 2, 2005, and our most recent Quarterly Report on Form 10-Q for


the quarter ended October 31, 2005 in the section called "Certain Factors


and Trends Affecting Peerless and Its Business" at pages 20 through 29,


inclusive, filed on December 15, 2005.


Current and prospective stockholders are urged not to place undue reliance


on forward-looking statements, which speak only as of the date hereof. We


are under no obligation, and expressly disclaim any obligation, to update


or alter any forward-looking statements, whether as a result of new


information, future events or otherwise. All forward-looking statements


contained herein are qualified in their entirety by the foregoing


cautionary statements.


Contacts:


Media and Industry Analysts Contact:


Kathleen Buczko


NMC Partners


(562) 366-1552


Email Contact


Investor Contact:


Geoff High


Pfeiffer High Investor Relations, Inc.


(303) 393-7044


Email Contact


SOURCE: Peerless Systems