MONTIGNY-LE-BRETONNEUX, France and MILTON KEYNES, U.K., May 16 /PRNewswire-FirstCall/ -- Performance Technologies (Nasdaq: PTIX), a leading developer of communication platforms and systems, and VSYSTEMS France, a provider of high-end embedded computer systems, are pleased to formally announce that they have expanded their exclusive distribution partnership. VSYSTEMS France will begin to distribute Performance Technologies' industry- leading CompactPCI(R) high-performance platforms, blades and software solutions, to France's leading defense and aerospace, commercial, and medical imaging equipment manufacturers. Previously, VSYSTEMS distributed Performance Technologies' PCI server products.
MONTIGNY-LE-BRETONNEUX, France and MILTON KEYNES, U.K., May 16 /PRNewswire-FirstCall/ — Performance Technologies (Nasdaq: PTIX), a leading developer of communication platforms and systems, and VSYSTEMS France, a provider of high-end embedded computer systems, are pleased to formally announce that they have expanded their exclusive distribution partnership. VSYSTEMS France will begin to distribute Performance Technologies' industry- leading CompactPCI(R) high-performance platforms, blades and software solutions, to France's leading defense and aerospace, commercial, and medical imaging equipment manufacturers. Previously, VSYSTEMS distributed Performance Technologies' PCI server products.
Fully-managed and based on industry-backed open standards, Performance Technologies' hardware solutions, including the company's industry-leading Advanced Managed Platforms(TM), offer equipment manufacturers the highest reliability and performance available, with time-to-market and cost advantages. In addition, Performance Technologies' CGL 3.2 registered NexusWare(R) Linux-based software distribution and development environment is designed to speed development for system engineers using Performance Technologies solutions to build telecommunications, aerospace and defense, and commercial applications. These solutions are a natural fit with other open standards embedded computing products sold by VSYSTEMS, and provide customers with a wider set of products with short lead time sales and excellent support services.
"We are pleased to partner with Performance Technologies to continue offering our customers the highest level of open-standards based embedded computing solutions," said Michel Bonnetin, general manager of VSYSTEMS France. "Adding these products to the extensive VSYSTEMS product portfolio brings great value to our customers, and marks another milestone in our continued support for open standards like CompactPCI."
"VSYSTEMS France is well known for providing their customers with highest class embedded computing solutions and we are pleased to continue to be a large part of their portfolio," said Robert Potter, vice president of sales for Europe, Middle East and Africa for Performance Technologies. "Our partnership allows us to leverage their superior customer service and delivery to French customers, while giving us the opportunity to reach a greater number of customers and expand our leadership position in a key European market."
VSYSTEMS, a subsidiary of VMETRO asa, is a total solutions provider of high performance processing systems, data recorders and analyzers.
Pioneering the development of embedded solutions for more than eighteen years, the company designs and manufactures systems based on Xilinx FPGAs, the PowerPC processor and Analog Devices TigerSHARC DSPs. Through partnerships with other companies in the embedded community, we also offer a range of complimentary products, enabling a truly comprehensive product portfolio and complete system deliveries.
The parent company VMETRO asa, based in Oslo, Norway, was founded in 1986. Worldwide sales and support are handled locally through subsidiaries in the US (VMETRO Inc., in Houston, TX & Ithaca, NY), the UK (VMETRO Ltd, High Wycombe), Europe (VSYSTEMS in Sweden, Germany, France, Italy), Asia-Pacific (VMETRO Pte Ltd, Singapore), and independent distributors in the rest of the world.
VMETRO asa is listed and traded on the Oslo Stock Exchange (OSE: VME).
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 engineering facilities are located in San Diego and San Luis Obispo, California; and Kanata, Ontario, Canada. For more information, visit http://www.pt.com or contact firstname.lastname@example.org.
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 various risks and uncertainties and the Company's actual results could 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, fluctuations in quarterly and annual results, the reliance on a limited number of third party suppliers, limitations of the Company's manufacturing arrangements, the protection of the Company's proprietary technology, the dependence on key personnel, potential delays associated with the purchase and implementation of an enterprise-wide software system and potential impairments of investments. These statements should be read in conjunction with the audited Consolidated Financial Statements, the Notes thereto and Management's Discussion and Analysis of Financial Condition and Results of Operations of the Company as of December 31, 2006, as reported in its Annual Report on Form 10-K, and other documents as filed with the Securities and Exchange Commission.
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SOURCE Performance Technologies