ROCHESTER, N.Y., April 26, 2011 /PRNewswire/ -- PT (NASDAQ: PTIX), the leading global supplier of advanced network communications solutions formerly known as Performance Technologies, was recognized for outstanding quality and performance by Raytheon Integrated Defense Systems. Raytheon's Supplier Excellence Award was presented to PT during a recognition ceremony held at the Wyndham hotel in Andover, Massachusetts on April 13, 2011.
Raytheon recognizes its suppliers based on three important factors: an on-time delivery record, sustained performance against quality standards, and a continued commitment to ongoing quality and process improvements.
"PT is extremely proud to have been recognized by Raytheon IDS as a leading supplier," said PT's CEO John Slusser. "We firmly believe our ongoing technological innovation, our supply chain excellence, and our overall quality is the foundation of a great partnership with Raytheon. In the end, these efforts will help protect the brave men and women of the United States Military."
PT is a supplier to Raytheon in the Shipboard Self Defense System (SSDS), Patriot Air and Missile Defense System, and Solipsys Meridian programs. Since the early 2000's, PT has played a key role as a supplier of mission critical hardware and software to facilitate critical radar and data communications within these systems.
PT is known for its high-value, innovative solutions designed to provide top efficiency in critical communications environments. In addition to Raytheon, PT provides networking backbone, data communications and radar systems to Northrup Grumman, General Dynamics, Lockheed Martin, Rockwell Collins, BAE, and many others.
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™ Signaling Solutions provide low cost, high density signaling, 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.
Forward Looking Statements
This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act and should be read in conjunction with the Company's documents filed with the Securities and Exchange Commission.
PT is a trademark of Performance Technologies, Inc. The names of actual 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.