ROCHESTER, NY – January 28, 2008 – Performance Technologies (NASDAQ: PTIX), a leading developer of communication platforms and systems, today announced a distributor partnership with Diamond Point International of Rochester, UK, for the companys leading embedded hardware and carrier-grade software. Design engineers and OEM system architects in telecommunications, commercial, as well as aerospace and defense industries use Performance Technologies high reliability solutions to meet strict time-to-market product development schedules while maintaining favorable project cost controls.
Diamond Point will sell and provide hardware and software systems support for Performance Technologies line of standards-based embedded hardware and software in the United Kingdom, Ireland, and India.
Performance Technologies brings its variety of innovative PCI™, PCI Express®, CompactPCI®, AdvancedMC™, MicroTCA™, multi-protocol servers, and carrier-grade Linux® products to Diamond Points strong offering of core-computing technologies. Diamond Point has been servicing a mix of OEMs and system integrators since 1983, and is known for developing long term relationships with its customers by providing reliable products, quality system builds, and responsive after sales services.
“Diamond Point has a long history as a trusted supplier of innovative systems and comprehensive support to its OEM and system integration customers,” said Simon Smith, strategic account manager for Performance Technologies. “I am pleased that we are working with Diamond Point to bring our integrated embedded solutions to meet and exceed their customers needs.”
“I am enthusiastic about our partnership with Performance Technologies,” said John Vaines, deputy managing director of Diamond Point International. “Performance Technologies has been an embedded technology leader for over 25 years with their extensive offering of platforms, blades, and software that complement and expand the portfolio of quality COTS solutions our customers have come to trust. Also, with our strong links in India, we anticipate that we can help Performance Technologies gain a firm footing in one of the fastest growing economies on the planet today.”
About Diamond Point International (www.dpie.com)
Established in 1983, Diamond Point’s engineering teams integrate hardware and software products, offering total system solutions to meet the demands of its customers. The company’s core-computing hardware technologies include, CPCI, VME, AMC, ETX, PC/104, DIMM-PC, PCMCIA, PC/Industrial PC, systems, enclosures, chassis, and accessories comprising disks, cables, flat panels, monitors, and keyboards. Its portfolio of core modules encompasses communication products based on a host of bus types, including PCI, CPCI, VME, AMC, ATCA, MicroTCA, ISA, PCMCIA, and USB as well as digital and analogue I/O. The company focuses on Windows® XP Embedded, DOS, and Linux with VXWorks® and LynxOS® software for critical real-time applications.
About Performance Technologies (www.pt.com)
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 Companies Annual Report on Form 10-K, and other documents filed with the Securities and Exchange Commission.
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