Correct, it is part of the PMDS II/III or PEDS microcomputer development systems. Software runs on UNIX/XENIX.
I can find it in the 1987/88 catalog. Don't think you can do much with it without the rest of the system.
The 8422M is for the PMDS II/PEDS UNIX variant. The 8422C for the PMDS III Xenix variant.
Emulation for Z80 2.5MHz or Z80A 4MHz.
Getting pods for these logic analysers is difficult. I ended up with three PM3632 machines for the pods
