Performance Technologies Begins a New Stock Repurchase Program

"Repurchase of up to $10 million of Common Stock Authorized"
ROCHESTER, N.Y., Oct. 23 /PRNewswire-FirstCall/ -- Performance Technologies,
Inc. (Nasdaq: PTIX) today announced that its Board of Directors has approved a
new stock repurchase program whereby the Company is authorized to repurchase
shares of its common stock for an aggregate purchase price not to exceed $10
million. Under this new program, Performance Technologies shares may be
repurchased through open market or private transactions, including block
purchases, over the next twelve months and will be used for the Company's
stock option plan, potential acquisition initiatives and general corporate
purposes. Performance Technologies has approximately 11,613,000 common shares
outstanding.

"Progress continues to be realized on the Company's strategic initiatives of
market diversification, investment in our signaling products and organization,
and emphasis on gross margin," said John M. Slusser, president and chief
executive officer. "Based on our belief that these initiatives will position
the Company for solid market growth as the economic environment improves, we
believe that the Company's common stock is currently undervalued and
represents a highly attractive investment. Our Board of Directors has
authorized the use of the Company's strong cash position to repurchase shares
of our common stock over the next twelve months and has dedicated $10 million
to that repurchase program. This program affords management the ability to
take advantage of this investment opportunity, while strengthening shareholder
value."

Under the Company's most recent stock repurchase program, which expired in
July 2008, the Company expended $9.1 million to repurchase 1.9 million shares
of common stock. Since 2000, the Company has expended $25.1 million to
repurchase approximately 3.2 million shares of its common stock.

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(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
operational and engineering facilities are located in San Diego and San Luis
Obispo, California; and Kanata, Ontario, Canada. For more information, visit
www.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. 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.

SOURCE Performance Technologies, Inc.

Dorrance W. Lamb, Chief Financial Officer, Performance Technologies,
+1-585-256-0200 ext. 276, finance@pt.com