PSC Announces Corporate Restructuring

Business Wire, Nov 10, 2000

Business Editors

WEBSTER, N.Y.--(BUSINESS WIRE)--November 10, 2000

PSC Inc. (Nasdaq:PSCX), a global leader in the manufacture and marketing of bar code scanning equipment and automatic data collection solutions, today announced a restructuring of the Company that will result in the consolidation of its Webster, New York headquarters with its operations in Oregon.

Remaining in Webster will be the PSC Automation, Inc. business unit and a Technology Center that will include self-checkout, verification, imaging and mobile and wireless products.

Previously the Company had said its Webster facility was for sale. It continues to be actively marketed. Of the approximately 140 positions the Company is eliminating, 110 are in Webster. The Company employs approximately 1,200 people, worldwide. Most of the affected employees will leave between mid-January and the end of March, 2001.

PSC Inc. is a leading manufacturer and marketer of bar code scanning and automatic data collection solutions of the highest quality and exceptional reliability. Its broad range of products includes a full line of laser and non-laser based handheld and fixed position bar code scanners, two dimensional image readers, wireless portable data terminals, warehouse management software, bar code scan engines and verifiers and automated carton dimensioning systems. These products are used in automated data collection solutions in the retail, manufacturing, warehousing, logistics and package handling markets. Headquartered in the Rochester, New York suburb of Webster, PSC has manufacturing facilities in Webster and Eugene, Oregon. PSC has sales and service offices throughout the Americas, Europe, Asia and Australia.

Reference should be made to filings with the Securities and Exchange Commission for discussion of risk factors and other information that could affect PSC's future results.

Further information is available at the PSC web site: http://www.pscnet.com