TrueTime Elects Charles J. Abbe as Chairman

Business Editors/High-Tech Writers  
SANTA ROSA, Calif.--(BUSINESS WIRE)--Aug. 22, 2001--TrueTime, Inc. 
(Nasdaq:TRUE) today announced that Charles J. Abbe, a Director of the 
Company, has been elected Chairman of the Company's Board of 
Directors. Katsuhiko Kobayashi, former Chairman, remains as a 
Director, and Abbe's election fills the vacancy created when Kobayashi 
stepped aside.  
"Our Board is extremely pleased that Mr. Abbe has agreed to accept 
the Chairmanship," said Kobayashi. "As a result of his long and 
outstanding experience in top level management roles including CEO of 
Optical Coating Laboratory, Inc., and more recently as President of 
JDS Uniphase before his retirement a few months ago, Jay is 
preeminently qualified to serve in this role. I know he will provide 
excellent guidance as TrueTime refocuses its efforts to provide 
precision time and frequency products in the commercial market 
segments to augment its sale of these products to the government and 
aerospace industries."  
"I am pleased to succeed Mr. Kobayashi as Chairman as he in turn 
assumes important new duties as Director and Senior Executive at OYO 
Corporation Japan," said Abbe. "And we at TrueTime are delighted Mr. 
Kobayashi will remain an active Director of the Company."  
Abbe has an outstanding management career. From 1971 to 1989, Abbe 
was employed by the consulting firm of McKinsey & Company and served 
as a senior partner of the San Francisco office when he resigned to 
join Raychem Corp., where he held executive management positions from 
1989 to 1996. In 1997, Abbe was elected President of Optical Coating 
Laboratory, Inc., and guided its rapid growth until its merger with 
JDS Uniphase Corp. (JDSU) where Abbe served as President prior to his 
retirement in June 2001.  
Abbe is a native of Pennsylvania. He attended Cornell University, 
where he earned Bachelor's and Master's degrees in Chemical 
Engineering and Stanford University where he received his MBA in 1971. 
Abbe lives in Healdsburg, Calif. Abbe was first elected a Director of 
TrueTime at the time of the Company's IPO in December 1999. He also 
currently serves on the Board of Cosine Communications Inc.  
Lisa Withers, president and CEO of TrueTime, stated, "I wish to 
express the Company's gratitude to Mr. Kobayashi for his service as 
Chairman while the Company transitioned from a privately-held 
subsidiary of OYO Corporation to a publicly-held company traded on the 
NASDAQ (TRUE), and look forward to his continuing support and 
contributions as a Director. We are also appreciative of Mr. Abbe's 
strong experience and look forward to his guidance as he assumes his 
new role as Chairman."  
About TrueTime  
TrueTime, Inc. designs, develops, manufactures and markets 
precision time and frequency products that are essential components 
used by many technology based markets to provide greater accuracy and 
resolution than can be obtained from conventional timing devices. 
TrueTime, Inc. is traded on the NASDAQ National Market System under 
the symbol "TRUE." TrueTime's website is  
This press release includes "forward-looking statements" within 
the meaning of Section 27A of the Securities Act of 1933 and Section 
21E of the Securities Exchange Act of 1934. All statements other than 
statements of historical fact included herein, including statements 
regarding potential future products and markets, the Company's future 
financial position, business strategy and other plans and objectives 
for future operations, are forward-looking statements. Additional 
important factors that could cause actual results to differ materially 
from the Company's expectations are disclosed in the Company's Form 
10-K for the year ended Sept. 30,2000 and in quarterly reports in form 
10-Q on file with the SEC, under the heading "Risk Factors" and 
elsewhere. In particular, without exclusion of other risks, the 
success of our business involves the risks of dependence on component 
suppliers, government spending and the general growth and success of 
the industries and customers we serve. Further, all written and verbal 
forward-looking statements attributable to the Company opr persons 
acting on its behalf are expressly qualified in their entirety by such 
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