TrueTime Strengthens International Presence and Signs Macnica

 to Distribute Network Time Servers in Japan 
Business Editors and High-Tech Writers 
SANTA ROSA, Calif.--(BUSINESS WIRE)--June 19, 2002--TrueTime Inc.
(NASDAQ:TRUE), a leading provider of precision time and frequency
products, today announced that it has signed an exclusive distribution
agreement with Macnica Networks Company, (a division company of
MACNICA Inc.) to sell and distribute TrueTime's precision Network
Time Servers in Japan.  
Macnica, located in Yokahama City, is a leading distributor of
information technology in Japan. Under the terms of the agreement,
Macnica will sell TrueTime's NTS-150 and NTS-200 Network Time Servers
and related accessories into the second largest networking market in
the world. 
"The technological investments that support the IT revolution and
Internet infrastructure in Japan are increasing rapidly and it is
becoming an important opportunity. To this end, we see a strong demand
in Japan for mission-critical data networks to be properly time
synchronized," stated Shoichi Teshiba, director of marketing of
Macnica Networks Company. "Time synchronization of the enterprise and
IP networks plays a key role in addressing issues relating to network
infrastructure and various application problems in the area of
transaction processing, digital authentication, email systems, and
other critical networked applications. The growing importance of
eCommerce, eGovernment initiatives, financial transactions, and
electronic legal document applications are increasing the importance
of synchronized time-of-day on the Internet Protocol network. We look
forward to offering the `complete network timing solution' to our
customers here in Japan." 
"We are very committed to expanding our international presence.
Working closely with Macnica will be instrumental to our success in
Japan," stated TrueTime's vice president of sales and marketing, John
Hirsekorn. "As an `intelligent technology company' that is moving into
new, high value-added markets, we are very excited to have Macnica
recommend our proven network timing solutions for demanding enterprise
network systems." 
For more information on TrueTime and its innovative timing and
synchronization solutions, visit the TrueTime Web site at
www.truetime.net. 
About Macnica 
Established in 1972, Macnica sells over 50,000 various electronic
components and network hardware and software solutions. Priding itself
as the "Intelligent Technology Company," Macnica is on the forefront
of some of the world's finest technology. Employing more than 660
employees, Macnica carries products in the IC and electronic device
segment including components essential to communication
infrastructures as well as network solutions including bandwidth
management systems for electronic commerce sites and more. 
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 Web site is http://www.truetime.com. 
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and Section
21 E 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, 2001 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 successful strategic
agreements and entrance into new market segments, technological
changes, strong competition and 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 or persons
acting on its behalf are expressly qualified in their entirety by such
factors.
 
 
Press spacebar to pause and continue. Press esc to stop.