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Performance Technologies Building Components for Ground-based Regional Augmentation System (GRAS) for Airservices AustraliaProject Includes Work with Honeywell Aerospace ROCHESTER, NY - March 3, 2008 - Performance Technologies (NASDAQ: PTIX), a leading developer of communication platforms and systems, today announced that it is working with Honeywell Precision Landing Systems in support of the Ground-based Regional Augmentation System (GRAS). This system is currently being developed by Honeywell for Airservices Australia to improve GPS-based navigation for commercial flights over continental Australia. The GRAS system utilizes a network of VHF radio stations to transmit radio signals that correct for inherent GPS navigation errors. Performance Technologies’ Advanced Managed Platform™ is utilized in building the ground-based navigation aid to compare the GPS information with the station’s surveyed location, and identify errors in GPS, then links that information to the VHF transmitters for broadcast to airplanes. Airservices Australia is a government-owned corporation providing air traffic control management and related airside services to the aviation industry. The Australian Flight Information region covers 11 percent of the earth’s surface, including international airspace over the Pacific and Indian Oceans in addition to Australian airspace. The Advanced Managed Platform (model AMP5095) is an integrated, high availability communications solution comprised of the following hardware and software from Performance Technologies:
The GRAS deployment improves navigation accuracy, integrity, and overall safety for aircraft in flight. For airport terminals, the improved accuracy and integrity enables the GPS to provide lateral and vertical guidance, enabling pilots to safely fly an instrument approach to within 250 feet above the ground in low visibility or terrain challenged environments. Major benefits of the system include improved air safety and the ability for small airports without traditional navigation tools to operate in reduced visibility conditions. More information on Performance Technologies’ Advanced Managed Platforms can be found at www.pt.com/amp08. 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. ### 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 other countries. |
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