PT, Genband Form Alliance

ROCHESTER, N.Y. and FRISCO, Texas -- PT (Nasdaq: PTIX), a leading global provider of advanced network communications solutions, and GENBAND, the market share leader in IP voice solutions, today announced a multi-faceted development agreement to further advance each company's signaling technology and solutions.

As part of the alliance, the two companies have entered into a long-term agreement under which PT will provide GENBAND with development, support and maintenance of signaling solutions as integral elements of GENBAND's premier switching portfolio. In addition, PT has acquired specific signaling assets from GENBAND that include the Universal Signaling Point (USP) and SP2000 products and related intellectual property rights.

"Both GENBAND and PT are leaders in IP-based technology, and we welcome them as a strategic partner," said John Slusser, President and CEO of PT. "GENBAND's purchase of Nortel's switching assets has preserved many years of respected research and development, which included significant advancements in signaling. Now we blend that with over thirty years of PT's innovation and expertise. This partnership positions both companies to offer the greatest possible signaling value and performance to our carrier customers."

"GENBAND is continuously focused on the future and forward-looking technology," said Charlie Vogt, Chief Executive Officer of GENBAND. "This agreement allows GENBAND to partner with a market-leading specialist for future signaling development, while strengthening our focus on core switching and networking competencies. We look forward to working with PT to bring to market the most efficient IP enabled signaling solutions for use across legacy and next generation networks."

Performance Technologies Inc. (Nasdaq: PTIX)

Genband Inc.