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Performance Technologies Celebrates 25th Anniversary24 February 2006
Performance Technologies (Nasdaq: PTIX) today announced the company is celebrating its 25th anniversary as a leading developer of platforms and systems for the world's evolving communications infrastructure. The company was founded on February 20, 1981 as a developer of sophisticated, state-of-the-art products for use in digital communication systems.
The founders of Performance Technologies envisioned the company would design and deliver reliable, high-performance products to the marketplace, as the company's name implies. During the last twenty five years, Performance Technologies has honored its commitment to customers in developing innovative communications solutions for equipment developers and service providers in the telecommunications, defense and homeland security, and commercial markets.
Performance Technologies has led the industry in the development of open standards including CompactPCI(R), PICMG(R) and SIGTRAN. The company has been recognized by numerous top-tier business publications including BusinessWeek and Forbes, both of whom named Performance Technologies to their lists of growing companies to watch.
"From the outset, Performance Technologies' goal was to offer customers easily integrated products, enabling them to tailor their system to specific application requirements," said John M. Slusser, chairman of the board and founder of Performance Technologies. "By exceeding expectations through our thought and technology leadership, we offer our customers the ability to acquire everything they need for successful, efficient application development -- from one source."
Performance Technologies ranks among the top ten embedded platform competitors. Customers worldwide turn to the company as a single source solutions provider of platforms, slot components, development software and world-class support and maintenance programs. All of the company's products are integrated by design and offer equipment manufacturers and integrators a unified, complete solution set for system development.
"For twenty-five years, Performance Technologies has provided high quality embedded communications products to its customers," said Michael Skarzynski, CEO for Performance Technologies. "As we celebrate this historic milestone, we pledge to our customers that we will continue to build our business and brand on engineering and technology strengths, partnership model, reliability and quality."
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 http://www.pt.com or contact sales@pt.com.
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 various risks and uncertainties and the Company's actual results could 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, fluctuations in quarterly and annual results, the reliance on a limited number of third party suppliers, limitations of the Company's manufacturing arrangements, the protection of the Company's proprietary technology, the dependence on key personnel, potential delays associated with the purchase and implementation of an enterprise-wide software system and potential impairments of investments. These statements should be read in conjunction with the audited Consolidated Financial Statements, the Notes thereto and Management's Discussion and Analysis of Financial Condition and Results of Operations of the Company as of December 31, 2004, as reported in its Annual Report on Form 10-K, and other documents as filed with the Securities and Exchange Commission.
Note to Editors: Brand or product names are registered trademarks or trademarks of their respective holders.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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