Channel Access and Performance Technologies (Nasdaq: PTIX), a leading developer of communications platforms and systems, are pleased to announce they have entered into a distribution agreement. With this arrangement, Channel Access adds Performance Technologies' full line of CompactPCI(R) and AdvancedTCA(R) platforms and solutions to the company's growing portfolio of embedded computing and converged communications building blocks.
The Performance Technologies products are a natural fit with other open standard communications products sold by Channel Access. As a distributor of Performance Technologies' products, Channel Access will provide its customers with a wider set of products with short lead time sales and excellent support services. Moreover, Channel Access will further penetrate the market for Performance Technologies' products by bringing a new prospective customer base to Performance Technologies.
"We see enormous synergies between Channel Access and Performance Technologies combined customer bases and product offering," commented Tim Resker, vice president of sales for Channel Access. "Adding the Performance Technologies products to our portfolio will bring great value to the Channel Access customer base."
"Channel Access has a strong reputation of providing its customers with a wide variety of open standards-based communications products, and we are pleased to add our solutions to their portfolio," said Mike Tortorello, vice president of worldwide sales for Performance Technologies. "This agreement allows us to leverage the superior service and delivery of system components offered by Channel Access, giving us the opportunity to reach a greater number of customers and expand our leadership position in the embedded platform industry."
Performance Technologies' complete line of CompactPCI and AdvancedTCA solutions includes fully-managed, application-ready platforms, integrated slot functionality and enabling software and high availability middleware for equipment manufacturers and system integrators. All Performance Technologies products are integrated by design, offering customers the most unified and complete solutions set with increased content and a high level of interoperability for systems development.
Additional information on Performance Technologies' full line of embedded platforms and solutions is available at http://www.pt.com.
About Channel Access
Channel Access is an authorized distributor and reseller of embedded computing and telecommunications products. The mission of Channel Access is to provide its customers with superior service and delivery for system components. By offering a full line of embedded computing and telecommunications products along with optional system integration services, Channel Access has become a strategic supply chain partner for industry leading system vendors. Visit http://www.channelaccess.com for more information.
About Performance Technologies
Performance Technologies (Nasdaq: PTIX) develops platforms and systems for the world's evolving communications infrastructure. Our broad customer base includes global technology companies in the telecommunications, defense and homeland security, and commercial markets. Serving the industry for 25 years, our complete line of embedded and system-level products enables equipment manufacturers and service providers to offer highly available and fully- managed systems with time-to-market, performance and cost advantages.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California; and Ottawa, Ontario, Canada. For more information, visit http://www.pt.com.
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.
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