Norcross, GA and Santa Clara, CA — February 12, 2003 — T/R Systems, Inc. (TRSI), a leader in developing innovative solutions for the management and production of digital documents, and Silicon Valley Bank (SVB), a subsidiary of Silicon Valley Bancshares (SIVB), announced today that SVB extended a $2 million line of credit to T/R Systems. The credit facility will be used as additional working capital in support of T/R Systems' growth objectives.
"Silicon Valley Bank's continued relationship with T/R Systems is a valued endorsement of our strategies and our financial strength," said Lyle Newkirk, Senior Vice President and Chief Financial Officer of T/R Systems. "Although we have no anticipated need, this credit facility gives us added flexibility for growth in a challenging economic environment."
"It's exciting to work with a technology company like T/R Systems that is on the leading edge of its industry and is helping a variety of customers worldwide to alter the way they do business," said Alan Spurgin, senior vice president, Silicon Valley Bank. "Through our ongoing relationship with T/R Systems, we are able to provide financing of this nature in addition to our full range of banking products and services specifically tailored for up-and-coming as well as established technology companies." About T/R Systems
T/R Systems (www.trsystems.com
) provides the printing and publishing industry with an integrated software suite that transforms digital copiers and printers into powerful, scalable print-on-demand systems. Its solutions turn complex document production tasks into efficient automated business processes.
T/R Systems solutions are used by a broad spectrum of customers, including corporations, colleges and universities, facilities managers and print-for-pay service providers. Despite the seemingly different requirements of each of these groups, the one constant is their desire to provide effective and efficient document production services to their customers.
For additional information, contact Keisha Simmons of T/R Systems, Inc. at 1300 Oakbrook Dr., Norcross, Georgia 30093, USA; Phone: +1 770-448-9008; Fax: +1 770 448-3202; e-mail: email@example.com
or visit T/R Systems' home page: http://www.trsystems.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: A number of the matters and subject areas discussed in this press release that are not historical or current facts deal with potential future circumstances and developments. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from T/R Systems' actual future experience involving any one or more of such matters and subject areas. Such risks and uncertainties include general economic conditions, and anticipated uses of funding, as well as those that are described in T/R Systems' reports filed with the SEC from time to time, including the annual report on Form 10-K for the fiscal year ended January 31, 2002 and the subsequent reports on Form 10-Q. About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and mature companies in the technology and life sciences markets, as well as other targeted industries. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the Bank serves more than 9,500 clients across the country through 27 regional offices. More information on the Bank can be found at www.svb.com.