TROY Wireless' WindConnect Bluetooth Print Adapter Approved for Use with Compaq MultiPort-Enabled Notebooks and iPAQ Pocket PC

Business Wire, May 8, 2002

Business Editors and High-Tech Writers

SANTA ANA, Calif.--(BUSINESS WIRE)--May 8, 2002

Innovative Product Fulfills Compaq's Requirements for Bluetooth

Wireless Performance and Interoperability

TROY Wireless, a division of TROY Group Inc. (Nasdaq:TROY) and a leader in short-range wireless connectivity solutions, today announced that Compaq Computer Corp. (NYSE:CPQ) has approved TROY Wireless' WindConnect(TM) Bluetooth(TM) print adapter for use with the following Compaq products:

-- Bluetooth MultiPort by Compaq

-- Compaq iPAQ Pocket PC H3870

-- Compaq Bluetooth Wireless Pack with CF Card Slot

TROY Wireless' WindConnect Bluetooth print adapter will be showcased in the Bluetooth Product Compatibility Matrix on the Compaq Web site.

Patrick Dirk, TROY Group's Chairman and CEO, said: "This approval is a major catalyst in launching our Bluetooth product line. Compaq's inclusion of TROY Wireless' WindConnect print adapter in the Compaq online Bluetooth Compatibility Matrix further demonstrates TROY's commitment to ensuring interoperability with a broad range of Bluetooth peripherals."

TROY Wireless' WindConnect print adapter is designed to meet the needs of a wide range of mobile users. The compact device connects to most popular printers, allowing Bluetooth wireless connectivity capabilities. It allows devices with Bluetooth capability, such as notebook computers, PDAs, and mobile phones to connect to the printer -- no cables required.

The Bluetooth MultiPort by Compaq can be used with a range of MultiPort-enabled notebooks including the recently announced Presario 2800 and Evo Notebook N800. MultiPort modules are also supported on the Evo D500 Ultra-slim Desktop. The MultiPort design provides users with decisive advantages in terms of performance and flexibility. MultiPort modules place the antenna in the most optimal position and as user installable options, users can easily swap one wireless technology for another or upgrade to new technologies as they become available.

Compaq's iPAQ Pocket PC H3870 with integrated Bluetooth is wirelessly enabled and fully portable. About the size of a calculator, it comes standard with applications such as Microsoft Pocket Word(TM), Excel(TM), Outlook(TM), Internet Explorer(TM), and Windows Media(TM) Player.

Compaq's Bluetooth Wireless Pack simply slides onto the iPAQ Pocket PC to add Bluetooth functionality along with an open CompactFlash Card expansion slot. Not only can users print from the iPAQ Pocket PC using Bluetooth technology, they can also exchange business cards and files with other Bluetooth handheld computers, dial-up a wireless data connection through a Bluetooth cellular phone, and synchronize their data with a desktop PC.

About Bluetooth

Bluetooth, named for the 10th Century Viking King who united Denmark, is a new low-cost radio technology that is designed to eliminate the need for cabling in a wide range of products, including printers, mobile phones, PCs, headphones, audio equipment, and much more. It has unprecedented industry support, with more than 2,000 companies in the Bluetooth Special Interest Group, including all of the leading players in the telecommunications and computing industry. According to Cahners In-Stat group, the overall Bluetooth market will grow from virtually zero in 1999 to more than one billion in 2005.

About TROY Group

TROY Group is a leading provider of wireless technology and electronic payment solutions. TROY Wireless, a leader in short-range wireless connectivity solutions, designs and manufactures high-performance 802.11b (also known as "Wi-Fi") as well as Bluetooth(TM) hardware and software products. These products enable wireless communications between printers, PCs, mobile cellular phones, PDAs, and digital cameras -- in office, home, industrial, retail, medical and other environments.

TROY Wireless is also a premier supplier of hardwired network printing products. TROY Systems is an industry leading provider of electronic payment solutions. The TROY Systems product line includes secure Internet check and credit card payments, ACH processing services, payment software systems, check conversion, electronic bill payment (EBP) and laser check printing solutions. The company distributes products to major corporations, key government accounts, retailers and distributors in 55 countries worldwide. Visit TROY at www.troygroup.com.

Forward-looking statements of TROY (statements that are not historical fact) in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements made in this release, including the growth in acceptance of TROY's electronic payment solutions by online brokerage firms, e-merchants and other bill payment applications; the timely and successful development and integration of the Bluetooth(TM) and other wireless standards; the market acceptance of products incorporating wireless printing technologies; the ability to continue to develop and market other e-commerce payment, networked payment and wireless and other connectivity technologies; TROY's ability to refocus its management and resources on these emerging technologies; the ability to hire and retain qualified management, technology and other personnel; the impact of competition from existing and new technologies and companies; the ability to identify and assimilate acquired companies and technologies; the continued demand for printed financial documents; and the other factors set forth in TROY's periodic reports and other documents filed with the Securities and Exchange Commission from time to time.