7/8/2003 - Performance Technologies (Nasdaq NM: PTIX), a leader in unified systems design for the communications, military and commercial markets, announced it has selected Brightstar Corporation to be the company's exclusive Latin American distributor for its family of SEGwayTM SS7/IP signaling solutions. Brightstar currently services over 160 customers worldwide.
Performance Technologies' SEGway SS7 link replacement devices and IP-STPs can reliably concentrate and route SS7 wireless, wireline and satellite signaling traffic onto lower-cost, IP-based networks. As a result carriers are realizing lower operational costs, SMS offload and access to new markets that may not have traditional communications infrastructures in place.
"We believe that the Performance Technologies products fulfill an immediate and very real need in Latin America," said Mike Tate, vice president of Wireless Data for Brightstar Corporation. "Our customers need these types of cost-effective solutions, and we are excited about our prospects with Performance Technologies."
Brightstar Corporation is a leading distributor of wireless products and a provider of value-added distribution and supply chain outsourcing services to the wireless telecommunications and data industry in the Americas. Brightstar's Wireless Data & Telecom Solutions Division offers the latest technologies and infrastructure aimed at minimizing costs, maximizing efficiencies and increasing profitability in telecommunications. The company has exceeded $1 billion in revenue in the past 12 months, six months earlier than originally projected by the company's president & CEO.
"Establishing a sales and marketing partnership with Brightstar provides 160 Latin American carriers immediate access to Performance Technologies' innovative, cost effective and next-generation network telecommunication solutions," said Martin McFadden, director of Latin America Sales for Performance Technologies. "We look forward to a successful relationship with Brightstar's dedicated and talented team."
Founded in 1997, Brightstar Corporation is a solution provider and value-added distribution and manufacturing services company. The company provides customers in the wireless industry with inventory management, logistics, fulfillment, Internet-based solutions, customized packaging and after-sales support. Brightstar ranks second on the Hispanic Business 500 and number one on its technology list. Its customer base includes over 160 network operators and nearly 9,000 distributors, agents, resellers and retailers around the world. Brightstar is one of Motorola's strategic partners in Latin America and the U.S. and an authorized distributor for all leading wireless equipment manufacturers. Brightstar operates 20 facilities in 16 countries worldwide. Its headquarters is based in Miami, FL, with operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru, the United States and Puerto Rico and Venezuela. During the year ended December 31, 2002, Brightstar's consolidated revenues were $849 million. The company has exceeded $1 billion in consolidated revenues in the past 12 months of operations from June 2002 - May 2003. For more details, visit www.brightstarcorp.com.
About Performance Technologies
Performance Technologies (Nasdaq NM: PTIX) is a leading developer of embedded computing products and system-level solutions for equipment manufacturers and service providers worldwide. With competencies in compute platforms, IP/Ethernet switching, communications software, wide area networking, SS7/IP interworking and high availability, the Company offers unified products for existing and emerging applications. Serving the industry for over 20 years, the Company's solutions focus on time-to-market, performance and cost advantages for companies in the communications, military and commercial markets.
Performance Technologies is headquartered in Rochester, New York. Additional operational and engineering facilities are located in San Diego and San Luis Obispo, California and Ottawa, Canada. For more information, visit www.pt.com.
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