Performance Technologies Expands European Embedded Products Sales Reach with New...
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Performance Technologies Expands European Embedded Products Sales Reach with
New Distributors
PROSOFT Ltd., and Systerra Computer bring Industry-Leading Embedded Systems to
New Markets
ROCHESTER, N.Y., Aug. 5 /PRNewswire-FirstCall/ -- Performance Technologies
(Nasdaq: PTIX), a leading developer of communication platforms and systems,
today announced agreements with two new European distributors. PROSOFT Ltd.
will be representing Performance Technologies' line of integrated embedded
systems and software in Russia and other CIS and Baltic states, while Systerra
Computer GmbH will help expand the company's reach into Germany, Switzerland,
and Austria.
"Performance Technologies is committed to providing our world-class
embedded technologies to manufacturers of communication electronics and data
networks on a global basis," said Robert Potter, vice president of sales for
Europe, the Middle East, and Africa for Performance Technologies. "We are
delighted to have PROSOFT and Systerra, each well known for excellence in
customer service and technical expertise, representing our award-winning
solutions."
Performance Technologies' hardware and software solutions, including the
company's CompactPCI(R) and MicroTCA(TM) platforms, offer equipment
manufacturers high reliability and robust platforms with time-to-market and
cost advantages. End user products and systems deployed with Performance
Technologies' CGL 4.0 registered Linux(R) OS and development environment,
NexusWare(R), further realize faster integration and development of reliable
and redundant high availability communication systems for the
telecommunications, aerospace and defense, and commercial markets.
PROSOFT Ltd. (www.prosoft.ru)
PROSOFT Ltd. is a leading Russian distributor of equipment, components,
and software for industrial automation, process control, and embedded systems.
Founded in 1991, the company has headquarters in Moscow and covers all of
Russia as well as Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia,
Azerbaijan, Lithuania, Latvia, and Estonia with its activity.
Systerra Computer GmbH (www.systerra.de)
Headquartered in Frankfurt and with offices across Germany as well as in
Switzerland and Austria, Systerra Computer GmbH is a leading integrator,
tester, and supplier of embedded systems. From design to optimization,
Systerra provides long-term support throughout product life-spans.
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(TM) 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. The Company's future operating results are subject to various risks
and uncertainties and could differ materially from those discussed in the
forward-looking statements and may be affected by various trends and factors
which are beyond the Company's control. 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, inability to gauge order
flows from customers, 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 goodwill and
investments, foreign regulations and potential material weaknesses in internal
control over financial reporting. In addition, during weak or uncertain
economic periods, customers' visibility deteriorates causing delays in the
placement of their orders. These factors often result in a substantial portion
of the Company's revenue being derived from orders placed within a quarter and
shipped in the final month of the same quarter. 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, 2007, as contained in the Company's Annual Report on Form 10-K,
and other documents filed with the Securities and Exchange Commission.
The names of actual companies, products, or services may be the
trademarks, registered trademarks, or service marks of their respective owners
in the United States and/or other countries.
SOURCE Performance Technologies
Will Smith, Marketing Communications Manager, Performance Technologies,
+1-585-256-0200, wjs@pt.com
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