GD California Acquires Media & Voice Processing Boards from Performance Technologies
Livermore, CA – January 23, 2007 – GD California, a premier manufacturer of legacy embedded computer boards, announced today the completion of the latest business agreement with Performance Technologies (NASDAQ: PTIX), a leading developer of communications platforms and systems, to license manufacturing rights of the latter’s legacy media and voice processing boards. Specifically, this agreement refers to Performance Technologies’ MTN1200, MTN2300, MTN4100 and MTN4200 series of media and voice processing cards.
The partnership between Performance Technologies and GD California was firmly established in 1999 when the first set of board transfers took place, and since then, a number of end-of-life product transitions have successfully taken place between the two companies.
Following the agreement between GD California and Performance Technologies, all rights for continued manufacturing, repair, sales, marketing, and customer support for these legacy products have been transferred to GD California.
“We are extremely pleased that our customers still have a source of supply and repair for these legacy products, said Steve Wigent, access product manager for Performance Technologies. “We have worked with GD California for several years now and teaming with a high quality legacy product partner allows us to move forward in providing our customers with new high-performance CompactPCI®, AdvancedTCA® and MicroTCA™ application-ready platforms while at the same time providing them access to legacy products they may still require.”
The products being transferred provide voice, fax, and data processing, and are found in applications such as media servers, modem servers, IP-PBX gateways, and wireless gateways:
MTN1200, Media and Voice Processing Mezzanine Cards
MTN2300, Media and Voice Processing PCI Cards
MTN4100, Media and Voice Processing PTMC Mezzanine Cards
MTN4200, Media and Voice Processing PTMC Cards
“This entire product line is a welcome addition to our existing portfolio of products. By acquiring the manufacturing rights to these four product families, we are able to offer products for applications such as VoIP/FoIP, softswitch systems, wireless network servers, and SMS, and we can now service an even bigger portion of the telecom/datacom market,” said Steve Roldan, vice president of sales and marketing for GD California.
The collaborations between GD California and the original manufacturers have long proven beneficial, not only for the parties directly involved, but for the most important party, the customer. Extending the life of the embedded board means that the life of the entire application will also be lengthened, thereby eliminating expensive re-designs, and even new designs.
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. For more information, visit www.pt.com or contact sales@pt.com.
About GD California
GD California is the premier supplier of legacy embedded computer products, and has been building alliances with manufacturers and customers to assume responsibility for legacy products since 1987. GD California’s portfolio of more than 3,000 products includes VME, STD & STD32, CompactPCI, and system level products. GD California is exclusively dedicated to legacy embedded products.
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, 2005, as reported in its Annual Report on Form 10-K, and other documents as filed with the Securities and Exchange Commission.
For more information, contact:
Bettina Skehan
Marketing Communications Manager
GD California, Inc.
1799 Portola Ave.
Livermore, CA 94550
Phone: 925-456-9900 ext.240
e-mail: bettina@gdca.com
www.gdca.com
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