Performance Technologies Announces Rebranding of Company to PT
By Performance Technologies, PRNEFriday, February 12, 2010
Expands Focus to NGN Solutions for Carriers, Government, and OEMs
BARCELONA, Spain, February 13 - Performance Technologies (Nasdaq: PTIX), a leading provider of advanced
network communications solutions, today announced the official rebranding of
its company to PT. The fresh identity is being debuted at the Mobile World
Congress Show in Barcelona, Spain, February 15-18, 2010 on their Stand #2G39.
John Slusser, PT's President and CEO, stated, "As evidenced in our name,
performance and technology are the values we were built upon. Now, standing
tall on those dual pillars of our legacy, we emerge as PT, a company not just
delivering on today's network demands, but already developing tomorrow's
applications." Mr. Slusser continued, "In a subtle but strategic move to
focusing on solutions, we elevate the company in the value chain, beyond
merely providing system building blocks. By leveraging our broad array of
core communications technologies, we now feature a suite of solutions that is
one of the most respected and cost effective lines of communications products
in the markets we serve."
Over its nearly thirty-year history, the company has developed an
impressive portfolio of communications offerings, through organic expansion
as well as acquisitions. Today, backed by an innovative team of experts who
leverage PT's core technologies, the company offers a rich value proposition
to customers in carrier, government, and OEM markets.
Patt Rice, Senior Vice President of PT, remarked, "Becoming PT represents
so much more than a change in name and look. It is a burst of forward
momentum into the public and government sectors. We have been systematically
assembling the elements of this strategic approach, and the timing is perfect
to launch it. We had all the pieces of a puzzle before - now we've devised
the key. We are technology innovators, applications enablers, and solution
providers. In recognizing that, we have also become our own customer, and
everyone reaps the benefit."
Mr. Rice continued, "The new logo is just one aspect of the new image,
but it reflects so many of the values we embrace. It is surging forward,
breaking free, expanding, and broadening the mix. It includes green -
signifying that we offer products that respect the environment by consuming
less power. It retains a salute to our original diamond symbol, yet it is
indicative of the messaging flair of young, next-generation communicators. It
appeals on a global basis with no need to translate. We are, simply, PT.
Performance is our name."
Scalable, extended life, high availability hardware was the genesis of
PT, and now it provides the field proven foundation for the company's
extensive product offerings. IPnexus(R) Application-Ready Systems anchor a
growing portfolio of PT solutions with their IP-native pre-integrated
platforms and management systems. These rigorous systems are used by OEMs,
application developers, and telecom companies such as Alcatel-Lucent, Nokia
Siemens Networks, and Metaswitch. Government agencies like the Federal
Aviation Administration (FAA) and such primes as Lockheed Martin and Raytheon
rely on IPnexus as a vital element in their mission critical applications.
SEGway(TM) Signalling Solutions, PT's premier suite of IP-centric STPs,
gateways, edges, and network applications, permits service providers to
cost-effectively deliver revenue generating features in next-generation
networks. SEGway solutions have been deployed in numerous world-class carrier
networks around the globe because of their high density and unparalleled
price-to-performance ratio. This, together with SEGway's flexibility in
edge-to-core deployments, small footprint, and ease of use, has earned the
portfolio its reputation as "Simply Smarter Signalling."
PT's Xpress(TM), the company's newest line, combines a powerful,
customizable software application with a robust hardware platform,
specifically engineered to deliver SIP-based solutions such as Pre-paid,
Voice Messaging, and Web/Mobile 2.0 interactive, media-rich services. Based
on a pure IP implementation, new service offerings can be quickly developed
and deployed network-wide on IMS-enabled, converged TDM/IP, and VoIP
networks. The Xpress suite of NGN solutions provides dynamic opportunities to
build-out next-generation network solutions and value-added services.
Somewhat prophetically, the company's website was always
www.pt.com; visitors online will be greeted with a bright new design
and lineup of the company's solutions. As well, employees of the company have
always had pt.com email addresses, so there will be no interruption of
communications. The stock symbol remains unchanged, and is listed on NASDAQ
as PTIX.
The newly branded PT will be on display on Stand #2G39 at the Mobile
World Congress, where a reception will be hosted on Tuesday evening, February
16, 2010 from 16:30 - 19:00.
About PT (www.pt.com)
PT (Nasdaq: PTIX) is a global supplier of advanced network communications
solutions to carrier, government, and OEM markets. PT's portfolio includes
IP-centric network elements and applications designed for high availability,
scalability, and long life cycle deployments. The company's entire line of
offerings is anchored by IPnexus(R), PT's own IP-native, highly integrated
platforms and element management systems. OEMs and application developers,
including PT itself, leverage the robust carrier grade Linux(R) development
environment and rich suite of communications protocols (PT's NexusWare(R)) of
IPnexus Application-Ready Systems as a cornerstone component of their end
product value proposition. PT's SEGway(TM) Signalling Solutions provide low
cost, high density signalling, advanced routing, IP migration, gateway
capabilities, SIP bridge, and core-to-edge distributed intelligence. The
company's Xpress(TM) NGN applications enable evolving Mobile 2.0,
Multi-media, and IMS based revenue generating services. PT is headquartered
in Rochester, NY and maintains sales and engineering offices around the
world.
Forward Looking Statements
This press release contains forward-looking statements which reflect the
Company's current views with respect to future events and which could impact
the Company's financial performance. These statements are subject to the safe
harbor provisions of the Private Securities Litigation Reform Act. The
Company's future operating results are subject to various risks and
uncertainties and may be affected by various trends and factors which are
beyond the Company's control, including customers' acceptance of the
Company's new products. 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, 2008,
as contained in the Company's Annual Report on Form 10-K, and other documents
filed with the Securities and Exchange Commission.
PT is a trademark of Performance Technologies, Inc.
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.
Will Smith, Marketing Communications Manager of PT, +1-585-256-0200, wjs at pt.com
Tags: Africa, Barcelona, Performance Technologies, Spain, Western Europe