This format was developed to simplify use of Type1-fonts in some software. It’s 8-bit and so it’s quickly processed by programs and it has a compact structure. PFB contains additional metadata. Besides the storage of system fonts, a good example of its use is its application in AutoCAD to create font files with compilation.
This is an expansion of the PostScript programming language that’s often used in the publishing business. It was developed in 1982 by Adobe Systems. Before the introduction of PS, printing text and images on one page wasn’t possible. PostScript makes this possible by giving a printer commands to print out text and graphical information as needed. PS also contains print coordinates for objects on a page.