TrueTime Introduces Industry's First Comprehensive Network Time Synchronization Solution

New Domain II Software Suite Reduces Network Operation Problems

SANTA ROSA, Calif. - July 8, 2002 - TrueTime, Inc. (Nasdaq:TRUE - News), a leading provider of precision time and frequency products, today introduced its new Domain Time II network time synchronization software suite. Domain Time II software combined with TrueTime's dedicated GPS referenced network time server, creates the industry's first comprehensive network time synchronization solution.

TrueTime's complete network time synchronization system alleviates network operation problems caused by inaccurate computer clocks by distributing atomic clock quality time throughout the network in a manageable way. The resulting accurate time synchronization is essential for many mission critical network operations and applications, and is particularly important for network log file accuracy to expedite precise network fault diagnosis and forensics.

TrueTime's Domain Time II management tools add tremendous value in managing time resources in an easy-to-use manner, saving network administrators both time and money. From a single workstation, the administrator can remotely install, update, configure, monitor, troubleshoot, and track licensing of all Domain Time II client and server software components -- enterprise-wide. This reduces or even eliminates the costs involved in installing and maintaining time software on large numbers of machines distributed across a network.

"Network managers want a single vendor solution that's comprehensive, easy to deploy, and works so unobtrusively that they might forget they own it," stated Paul Skoog, TrueTime's product manager of IP network timing products. "To do this you need integrated server, client, and management functionality. TrueTime is the only supplier that meets these requirements. The combination of our GPS referenced network time servers, such as the NTS-200, and our Domain Time II software suite provides the accuracy, reliability, security and manageability of time on a network that can be obtained no other way."

TrueTime's Domain Time II software obtains reliable time directly from a TrueTime network time server, such as the NTS-200. The NTS-200 in turn derives its time directly from the atomic clocks aboard the Global Positioning Satellite (GPS) system. In addition to keeping the network clocks synchronized to the NTS-200, Domain Time II incorporates and tracks multiple types of data, verifying actual time adjustments. This information can be collected remotely to provide unimpeachable audit records when the need arises to prove network time accuracy.

As important as network time synchronization is to network operations and application integrity, network managers want it to be a worry-free task. To accomplish this, Domain Time II monitors the level of time synchronization on the network and indicates when there is a deviation to the desired network time accuracy. As new workstations or servers are added to the network, installation of the software can be automatic, continually maintaining synchronization as the network expands.

TrueTime's Domain Time II Network Time Synchronization Software Suite is compatible with the Windows O/S and also includes time clients for other operating systems such as Linux, Solaris, etc. The Domain Time II software is available now and for a limited time, a Starter Pack bundle configuration is included for free with NTS-200 GPS referenced network time servers. A 30-day, fully functional trial version of Domain Time II is available for download from http://www.truetime.net.

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 September 30, 2000 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.