Performance Technologies Wins Product of the Year Award for its Industry Leading Embedded Ethernet Switch

"Having our IPnexus CPC6400 selected as Product of the Year by those who closely follow our industry is a great honor," said Don Turrell, CEO of Performance Technologies. "This prestigious award from Internet Telephony recognizes our investment of over 125 man-years in IP/Ethernet hardware and software, and a long history of developing communications and networking solutions for high availability, fault-tolerant applications."

"The Product of the Year award is meant not only to honor the outstanding teams who developed and manufactured the products and services on our winning list, but also to educate our readers on the vast array of offerings in this market," said Internet Telephony editorial director Greg Galitzine. "Choosing the winners was a difficult process, and we spent many hours studying the new product materials we collected over the past year."

Performance Technologies' CPC6400 embedded Ethernet switch is the first, full wire speed 24 port embedded Ethernet switch to maximize the capabilities of the PCI Industrial Computer Manufacturers Group (PICMG®) 2.16 standard. This innovative switch enables developers to reach speeds of up to 40 times that of PCI-based systems by offering up to 4 Gigabits of bandwidth to every slot of a standard or extended 2.16 CompactPCI® chassis. Performance Technologies began shipping this product to customers in July 2002.

About Performance Technologies

Performance Technologies (Nasdaq: PTIX) is a global supplier of innovative, packet-based computing, communications and networking equipment. With core competencies in embedded computing, IP/Ethernet, wide area networking and SS7/IP interworking, we offer both hardware and software solutions vital to existing and emerging networks. Our proven products offer cost-saving benefits and time-to-market advantages to companies developing communications, industrial, enterprise and military applications.

Performance Technologies is headquartered in Rochester, New York. Additional operational and engineering facilities are located in San Diego, California; San Luis Obispo, California and Ottawa, Canada. For more information about Performance Technologies, visit www.pt.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 certain 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 or unexpected changes in technologies, cancellation or delay of customer orders including those relating to design wins, changes in the product or customer mix of sales, delays in new product development, customer acceptance of new products and customer delays in qualification of products. 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, 2001, 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.