ROCHESTER, N.Y., April 21 — Performance Technologies (Nasdaq: PTIX), a leading developer of communication platforms and systems, announced that its executive management team and board of directors will preside over the April 21st NASDAQ closing bell. This coincides with the company’s celebration of ten years on the NASDAQ listing and 25 years of incorporation. The bell will be rung by CEO Michael Skarzynski and the company’s chairman and founder, John Slusser.
“Performance Technologies has enjoyed great success over the past 25 years. We’ve become a key player in a rapidly evolving technology sector by constantly innovating to meet the changing needs of our customers, while also continuing to provide consistent value for shareholders,” said Mr. Skarzynski. “This year marks the beginning of a new stage for our company, as we look to double our revenue and become a global market leader. We remain committed in 2006 and beyond to continue leading the industry with innovation, driving sustained and profitable revenue growth and increasing shareholder value.”
Mr. Skarzynski was unanimously selected by Performance Technologies’ Board of Directors to serve as President and Chief Executive Officer in November 2005. Since that time, he has led the company in the development of strategic objectives around market leadership and profitable growth. Specifically, the company expects to double its revenue to $100 million by 2008. The company expects to achieve this objective through a combination of organic growth and mergers and acquisitions.
Performance Technologies currently ranks among the top ten embedded platform competitors and has led the industry in the development of open standards including AdvancedTCA(TM), CompactPCI®, PICMG®, SIGTRAN and VME. Customers worldwide turn to the company as a single source solutions provider of turnkey system, application-ready platforms, slot components, development software and world-class support and services programs.
A live webcast of the market close ceremony can be accessed at 3:50 p.m. ET by visiting the following site: www.nasdaq.com/reference/marketsite_about.stm.
About Performance Technologies
Performance Technologies (Nasdaq: PTIX) develops platforms and systems for the world’s evolving communications infrastructure. Our broad customer base includes global technology companies in the telecommunications, defense and homeland security, and commercial markets. Serving the industry for 25 years, our complete line of embedded and system-level products enables equipment manufacturers and service providers to offer highly available and fully- managed systems with time-to-market, performance and cost advantages.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California; and Ottawa, Ontario (Canada). For more information, visit www.pt.com or contact [email protected].
