Elephant Talk Expands Global Network with PT's SEGway™ Signalling Solution

ROCHESTER, N.Y., Nov. 2 /PRNewswire-FirstCall/ -- PT (Nasdaq: PTIX), the recently rebranded Performance Technologies, a leading global provider of advanced network communications solutions, today announced an agreement with Elephant Talk Communications, Inc. (OTC Bulletin Board: ETAK), an international provider of business software and services to the telecommunications and financial services industry, in which PT will supply SEGway™ Signalling Transfer Points (STPs) for the company's expanding global presence. Elephant Talk operates networks in over a dozen markets in Europe, Asia Pacific, and the Middle East.

Elephant Talk, a Mobile Virtual Network Enabler (MVNE), develops mobile telecom and content distribution solutions, and has positioned itself as the premier outsourcing partner for both Mobile Network Operators (MNOs) as well as Mobile Virtual Network Operators (MVNOs). The carrier has designed its facility-based network upon a hierarchical network topology using PT's SEGway Signalling Solution at the core, with additional STPs in each country where it operates. SEGway enables any operator to quickly, efficiently, and seamlessly introduce MVNO services.

As Elephant Talk expands its global footprint, SEGway's highly reliable and cost-efficient solution reduces signalling complexity and provides the ability to scale along with the rate of network growth. PT's robust platform becomes the point of interconnect with the mobile operators in Elephant Talk's network, and it provides the most cost-effective method of transport between cities. SEGway is the interface that provides access to Elephant Talk's customized services, enabling its MNO partners to provide a broad range of sophisticated services to their own existing base of MVNOs.

"We have reached an agreement with PT to supply STPs for our network expansion," said Martin Zuurbier, director and CTO of Elephant Talk. "We are already using PT's SEGway STPs in our network, and I am extremely pleased to extend our relationship as we increase our global presence."

"PT's versatile IP-based signalling platform is ideal for the MVNE market due to its scalability and high reliability," said Patt Rice, senior vice president, Sales, Marketing, and Service for PT. "Elephant Talk's trust in our technology is evidenced by their decision to continue in a long-term partnership with PT at the core of their network."

Online Resources

Telecommunications system architects and carrier network engineers needing advanced signalling and next-generation telecom solutions such as mobile number portability, can learn more about PT's SEGway and Xpress™ offerings by accessing the following online resources:

• SEGway Carrier Solutions: http://www.pt.com/page/carriers
• SEGway Number Portability: http://pt.com/page/segway/number-portability
• SEGway Signalling Solutions: http://www.pt.com/page/segway
• Xpress Next-Generation Applications: http://www.pt.com/page/xpress

About PT (www.pt.com)

PT (NASDAQ: PTIX) is a global supplier of advanced network communications solutions to carrier, government, and OEM markets. PT's portfolio includes IP-centric network elements and applications designed for high availability, scalability, and long life cycle deployments. The company's entire line of offerings is anchored by IPnexus®, PT's own IP-native, highly integrated platforms and element management systems. OEMs and application developers, including PT itself, leverage the robust carrier grade Linux® development environment and rich suite of communications protocols (PT's NexusWare®) of IPnexus Application-Ready Systems as a cornerstone component of their end product value proposition. PT's SEGway™ Signalling Solutions provide low cost, high density signalling, advanced routing, IP migration, gateway capabilities, SIP bridge, and core-to-edge distributed intelligence. The company's Xpress™ NGN applications enable evolving Mobile 2.0, Multi-media, and IMS based revenue generating services. PT is headquartered in Rochester, NY and maintains sales and engineering offices around the world.

About Elephant Talk (www.elephanttalk.com)

Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enable them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services.

Forward-Looking Statements

This press release contains forward-looking statements which reflect the Company's current views with respect to future events and which could impact the Company's financial performance. These statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act. The Company's future operating results are subject to various risks and uncertainties and may be affected by various trends and factors which are beyond the Company's control, including customers' acceptance of the Company's new products. Forward-looking statements should be read in conjunction with the audited Consolidated Financial Statements, the Notes thereto, Risk Factors, and Management's Discussion and Analysis of Financial Condition and Results of Operations of the Company as of December 31, 2009, as contained in the Company's Annual Report on Form 10-K, and other documents filed with the Securities and Exchange Commission.

IPnexus, NexusWare, Point Code Emulation, PT, SEGway, and Xpress are trademarks or registered trademarks of Performance Technologies, Inc.

The names of other companies, products, or services may be the trademarks, registered trademarks, or service marks of their respective owners in the United States and/or other countries.

SOURCE PT