Performance Technologies Names Richard Hayter as Director of International Market Development for its Signaling Systems Group
November 27, 2007 - ROCHESTER, NY - Performance Technologies (NASDAQ: PTIX), a leading developer of communication platforms and systems, today announced that Mr. Richard Hayter has been named director of international market development for the company's Signaling Systems Group.
Mr. Hayter brings to Performance Technologies an extensive background in international telecommunications marketing. He previously held numerous executive level positions at Tekelec including roles as vice president of product line management, vice president of marketing for the signaling business unit, and vice president of global market development. Prior to Tekelec, Mr. Hayter worked at Ericsson.
Mr. Hayter will be reporting to Mr. Cory Grant, vice president of international sales and marketing for the company's Signaling Systems Group. "I am extremely pleased with Dick's decision to join Performance Technologies," said Grant. "We expect his keen insights, extensive knowledge, and expertise of the international signaling and carrier markets to be a tremendous value to us as we continue our global expansion."
Performance Technologies' Signaling Systems Group provides advanced telecommunications solutions that enable telecommunication network providers to optimize their existing network infrastructure, improve operational efficiencies that include legacy/serial network to IP conversion, and reduce operating expenses. These solutions support the latest SIGTRAN standards, such as M3UA and M2PA, and are engineered to ensure the highest level of carrier-grade reliability. This helps carriers achieve increased profitability and return on investment (ROI). More information on the company's suite of SS7/IP products can be found at www.pt.com/signaling.
Telecommunication equipment design engineers and wireless network system architects can meet with Performance Technologies representatives at a number of events that include the 2008 GSMA Mobile World Congress in Barcelona, Spain (February 11-14, 2008, booth 2.1A01) and COMPTEL PLUS Spring 2008 in Nashville, TN (February 26-26, 2008, booth 818).
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™ 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 Company's Annual Report on Form 10-K, and other documents filed with the Securities and Exchange Commission.
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