Expand Carrier Services in Asia ROCHESTER, N.Y., Aug. 16 /PRNewswire-FirstCall/ -- Performance Technologies (Nasdaq: PTIX), a leading developer of integrated platforms, components and software solutions for the communications, military and commercial markets, today announced that CITIC 1616, Asia's leading wholesale voice reseller, is using Performance Technologies' SEGway(TM) 1100 Link Replacement devices to lower costs while improving SS7 network performance and reliability. Performance Technologies' SEGway 1100 Link Replacement devices facilitate the reliable transport of SS7 messages over low cost, shared-use IP networks, as opposed to expensive, dedicated SS7 links. By deploying these devices, network operators can provide competitive, revenue-generating services to customers while realizing significant cost savings -- all without sacrificing quality of service. Utilizing the Stream Control Transmission Protocol (SCTP) and Performance Technologies' field-proven SS7/IP software, SEGway Link Replacement devices ensure the same high level of reliability when transporting messages over IP as with traditional methods. "CITIC 1616 provides world-class carrier services, and we are constantly in search of solutions that will allow us to expand our service offerings without increasing network costs," said Sutton Cheung, general manager for CITIC 1616. "With Performance Technologies' SEGway devices, we are able to quickly and reliably expand our network coverage while continuing to provide optimal service availability. This capability is crucial to survival in today's competitive telecom market." Performance Technologies' carrier-grade SEGway 1100 device is small and compact, occupying only 1U rack space. SS7 transport cost savings associated with the device tend to be significant, particularly from the edge of networks where dedicated 56kbs circuits must be provisioned despite the fact the SS7 traffic may often be insufficient to fill a complete circuit. "CITIC 1616 is truly a world leading carrier's carrier," said Martin McFadden, vice president of Asian sales for Performance Technologies. "We look forward to continuing to provide signaling and embedded platform solutions to CITIC for years to come." About CITIC 1616 Limited CITIC Telecom 1616 Ltd. (CITIC 1616) is one of the major telecommunication hubs in Asia and also is one of the largest IDD minute wholesalers in the Asia Pacific Region. CITIC 1616 is based in Hong Kong and is 100% owned by CITIC Pacific Ltd. (http://www.citicpacific.com). CITIC 1616's services are focused on Wholesale Voice and also Outsourcing Business, Internet Exchange, Calling Card Wholesaling and IPLC reselling. With the growth in personal communications services, CITIC 1616 also operate a Universal Mobile Operator Exchange Platform to enable International Roaming and Short Message Exchange Services for mobile operators worldwide. CITIC 1616's long-term goal is to establish itself as a multi-media commercial exchange center in Asia, where voice, IP, data and content can be exchanged in an effective manner. To support the above services, CITIC 1616 has established interconnection with 125 major international telecom carriers and operators in over 80 countries. About Performance Technologies Performance Technologies (Nasdaq: PTIX) develops the platforms, components and software solutions for the world's evolving communications infrastructure. Our broad customer base includes companies in the communications, military and commercial markets. Serving the industry for more than 20 years, our complete line of packet-based 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 operational and engineering facilities are located in San Diego and San Luis Obispo, California; Norwood, Massachusetts and Ottawa, Canada. For more information, visit http://www.pt.com or contact email@example.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, 2003, as reported in its Annual Report on Form 10-K, and other documents as filed with the Securities and Exchange Commission. Note to Editors: Brand or product names are registered trademarks or trademarks of their respective holders. SOURCE Performance Technologies -0- 08/16/2004 /CONTACT: Press Inquiries - Amy Farrell of Performance Technologies, +1-805-783-6047, firstname.lastname@example.org/ /Web site: http://www.pt.com http://www.citicpacific.com / (PTIX) CO: Performance Technologies; CITIC Telecom 1616 Ltd. ST: New York IN: CPR ECP NET STW TLS SU: ASI -0- Aug/16/2004 13:01 GMT
CITIC 1616 Uses Performance Technologies' SEGway(TM) Devices to
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