Performance Technologies (NASDAQ: PTIX), a leading developer of communication platforms and systems, today announced that its Advanced Managed Platform products are to be utilized as part of Raytheon Companys (NYSE: RTN) SSDS Mk 2 (Ship Self-Defense System) program.
Raytheon’s SSDS Mk 2 is the only surface combat direction system with COTS (commercial off-the-shelf) hardware and software that has been delivered for tactical certification. SSDS Mk 2 Open Architecture will advance the existing design to meet the U.S. Navys OACE (Open Architecture Computing Environment) Category 3 requirements. OACE is the Navys initiative to standardize infrastructure requirements that will permit mission-critical data to be easily transmitted between multiple systems for improved combat and operational responses.
The Performance Technologies IP-based platform solution features an Intelligent Shelf Manager (a self-contained computer) that provides sophisticated remote monitoring capabilities, and an IP-based networking platform for the SSDS system. The remote management capabilities enable accurate system monitoring and remote diagnostic capabilities to pinpoint any potential system problems. The Advanced Managed Platform is also programmable – enabling system designers to add more features and functionality to their systems capabilities.
More information on Performance Technologies Intelligent Shelf Manager can be found at www.pt.com/prodtour_ISM_welcome.html.
Raytheons SSDS Mk 2 provides a rapid reaction, anti-air defense capability that identifies and classifies targets, prioritizes and conducts engagement, vectors interceptor aircraft to targets, and exchanges targeting information and engagement orders among a naval battle group and various service components in the joint theater.
“Our IP-based and remote monitoring technologies continue to fit applications where critical components are required,” said Performance Technologies Vice President of Marketing and Sales Edward Bizari. “We look forward to continuing our long relationship with Raytheon in delivering robust and reliable solutions to meet these and other very important system configurations.”
Communication system architects needing advanced, compute-intensive communication and networking solutions can meet with Performance Technologies representatives at the upcoming 2007 Military Communications Conference in Orlando, FL (October 29-31, 2007, booth 1506).
About Performance Technologies
Performance Technologies (NASDAQ: PTIX) is a global supplier of integrated IP-based platforms and solutions for advanced communications networks and innovative computer system architectures. Our Embedded Systems Group offers robust application-ready platforms that incorporate open-standards based software and hardware, providing significantly accelerated end product deployment benefits for equipment manufacturers. Our Signaling Systems Group offers the SEGway™ product suite, which includes IP STPs, SS7 over IP transport solutions, and signaling gateways that enable lower operating costs through utilization of IP networks, thereby creating competitive advantages for carriers in existing and emerging markets.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. This press release contains forward-looking statements which reflect the Company’s current views with respect to future events and financial performance, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor provisions of those Sections.
These forward-looking statements are subject to certain risks and uncertainties, and the Company’s actual results can differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, among other factors, general business and economic conditions, rapid technological changes accompanied by frequent new product introductions, competitive pressures, dependence on key customers, the attainment of design wins and obtaining orders as a result, fluctuations in quarterly and annual results, the reliance on a limited number of third party suppliers, limitations of the Company’s manufacturing capacity and arrangements, the protection of the Company’s proprietary technology, the dependence on key personnel, changes in critical accounting estimates, potential impairments related to investments, foreign regulations and potential material weaknesses in the future. Forward-looking statements should be read in conjunction with the audited Consolidated Financial Statements, the Notes thereto, Risk Factors, and Management’s Discussion and Analysis of Financial Condition and Results of Operations of the Company as of December 31, 2006, as contained in the Companys Annual Report on Form 10-K, and other documents filed with the Securities and Exchange Commission.
