Printronix, Inc. Announces Accelerated Vesting of Remaining Unvested Stock Options

Printronix, Inc. (NASDAQ:PTNX), the leading manufacturerof integrated enterprise printing solutions for the supply chain,today announced the immediate vesting of all of the Company'sremaining unvested stock options previously granted under its 1994Stock Incentive Plan and 2005 Stock Option Plan. As a result of thisvesting acceleration, which became effective on March 22, 2006,options to purchase 60,121 shares of Printronix common stock thatwould otherwise have vested at various times within the next fouryears became fully vested. The accelerated options have exerciseprices ranging from $9.70 to $15.14 per share, a weighted averageexercise price of $12.11 per share, and represent 11.4 percent of theCompany's total outstanding stock options.

Printronix elected to take this action to eliminate approximately$51,000 of future compensation expense to be recorded over four yearsbeginning in fiscal year 2007 following the Company's adoption ofStatement of Financial Accounting Standards No. 123(R) ("FAS 123R").The Company's Board believes that this action is in the best interestof its stockholders.

Except for historical information, this press release contains"forward-looking statements" about Printronix, within the meaning ofthe Private Securities Litigation Reform Act of 1995. Terms such as"objectives," "believes," "expects," "plans," "intends," "should,""estimates," "anticipates," "forecasts," "projections," and variationsof such words and similar expressions are intended to identify suchforward-looking statements. These statements involve a number ofrisks, uncertainties and other factors that could cause actual resultsto differ materially, including: adverse business conditions and afailure to achieve growth in the computer peripheral industry and inthe economy in general; the ability of the Company to achieve growthin the Asia Pacific market; adverse political and economic events inthe Company's markets; a worsening of the global economy due togeneral conditions; a worsening of the global economy resulting fromterrorist attacks or risk of war; a worsening of the global economyresulting from an outbreak of avian flu or other world healthepidemic; a resurgence of SARS (Severe Acute Respiratory Syndrome);the ability of the Company to maintain its production capability inits Singapore plant or obtain product from its Asia Pacific suppliersshould a resurgence of SARS occur; the ability of the Company to holdor increase market share with respect to line matrix printers; theability of the Company to successfully compete against entrenchedcompetition in the thermal printer market; the ability of the Companyto adapt to changes in the requirements for radio frequencyidentification ("RFID") products by Wal-Mart and/or the Department ofDefense (the "DOD") and others; the ability of the Company to attractand to retain key personnel; the ability of the Company's customers toachieve their sales projections, upon which the Company has in partbased its sales and marketing plans; the ability of the Company toretain its customer base and channel; the ability of the Company tocompete against alternate technologies for applications in itsmarkets; and the ability of the Company to continue to develop andmarket new and innovative products superior to those of thecompetition and to keep pace with technological change. The Companydoes not undertake to publicly update or revise any of itsforward-looking statements, even if experience or new informationshows that the indicated results or events will not be realized.

About Printronix, Inc.

Since 1974, Printronix, Inc. (NASDAQ:PTNX) has created innovativeprinting solutions for the industrial marketplace and supply chain.The Company is the worldwide market leader in enterprise solutions forline matrix printing and has earned an outstanding reputation for itshigh-performance thermal and fanfold laser printing solutions.Printronix also has become an established leader in pioneeringtechnologies, including radio frequency identification (RFID)printing, bar code compliance and networked printer management.Printronix is headquartered in Irvine, California. For Companyinformation, see www.printronix.com.