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Performance Technologies Launches New Voice Processing Modules Featuring Entropia™ III Processor from Centillium Communications
Performance Technologies’ Signaling Systems Group Appoints David Colbeck as Director of Sales, EMEA
Press Inquiries
ROCHESTER, NY - January 22, 2008 - Performance Technologies (NASDAQ: PTIX), a leading developer of communication platforms and systems, today announced that its Signaling Systems Group has hired Mr. David Colbeck as the company’s director of sales for the European, Middle East, and African (EMEA) markets.
Mr. Colbeck’s base of operations will be in the United Kingdom, where he will be reporting to Mr. Cory Grant, vice president of international sales and marketing for the company’s Signaling Systems Group. "We are very excited to have David join our organization and manage our EMEA operations," said Grant. "David is a seasoned professional who has successfully opened and developed numerous international operations in his previous positions. He brings a wealth of knowledge concerning the evolving EMEA Telecom market and will be a great asset in expanding our business in the EMEA region."
Prior to joining Performance Technologies, Mr. Colbeck was the chief operating officer at Telsis. He also previously served as vice president and managing director for Europe, the Middle East, and Africa for Tekelec, and has held numerous director level positions at Ericsson.
"We are committed to providing carriers and network operators with advanced signaling solutions that will enable them to grow their business and better serve their customers with newer features and services," said Patt Rice, vice president and general manager for Performance Technologies’ Signaling Systems Group. "Our continued investments in worldwide sales and support infrastructure ensure that we can meet and surpass customer requirements as they grow their operations."
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 in the EMEA markets 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 24-26, 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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