Clarent NGN Softswitch to Use Performance Technologies' Ethernet Switching and Signaling Products.Business/Technology Editors ROCHESTER, N.Y.--(BUSINESS WIRE)--June 5, 2001 Performance Technologies, Inc. (Nasdaq: PTIX) announced today that Clarent Corporation (Nasdaq: CLRN CLRN California Learning Resource Network CLRN Community Legal Resources Network CLRN Chemical Laboratory Response Network ), a leading global provider of softswitch and IP communication solutions, will use Performance Technologies' CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. 4400 embedded Ethernet A single-chip implementation of the Ethernet networking standard. It is used to attach devices such as environmental monitors, sensors and Webcams directly to an Ethernet without requiring a computer for connection. See Ethernet. switch and MicroLegend(R) SS7/IP Signaling Gateway as integral components of its Next Generation Network (NGN (Next Generation Networks) An umbrella term for mixed voice and data networks running over the IP protocol. See IP Multimedia Subsystem. ) softswitch for carrier-grade, voice-over-IP call switching. The NGN softswitch, which is one element of Clarent's total NGN solution, is designed to provide carriers with essential services for voice networks such as connecting and disconnecting calls, caller ID, call forwarding, subscriber authentication and centralized billing. Clarent will demonstrate the complete NGN solution including the softswitch at SUPERCOMM 2001 in Atlanta, June 5-7. "Clarent sources products from vendors with demonstrated technology leadership in their markets," said Eric Grubel, president of Clarent's Carrier Business Unit. "We decided that Performance Technologies was the unparalleled choice in both embedded Ethernet switching and SS7/IP signaling technology for our new NGN Softswitch." Clarent plans to use Performance Technologies' IPnexus(TM) CPC4400 embedded IP/Ethernet switch and CPC395 telecom adapter to provide both voice and data communications, as well as network traffic control. Performance Technologies' MicroLegend SS7/IP signaling gateways will provide carrier-grade signaling interworking (standard) interworking - Systems or components, possibly from different origins, working together to perform some task. Interworking depends crucially on standards to define the interfaces between the components. to enable deployments of the softswitch in networks around the world. "By choosing to build their NGN Softswitch around an embedded IP/Ethernet backplane, Clarent has embraced a breakthrough technology that we expect will soon dominate telecom platforms," said Ed Bizari, director of marketing for Performance Technologies. "Integrating our IP switching, network access and signaling products into Clarent's NGN Softswitch is a further testament to Performance Technologies' position as a leader in enabling technologies for next-generation networks." About Clarent Corporation Clarent Corporation (Nasdaq: CLRN) is a global market leader in providing intelligent, software-driven products throughout IP-centric communications networks, serving more than 300 telecom service providers worldwide such as AT&T, NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform and China Telecom. Clarent solutions enable interconnection between communications service providers' networks and foster the creation of global footprints. In addition, Clarent's software platform and softswitch allows carriers to develop limitless new features for consumers and enterprises. Founded in 1996, Clarent is headquartered in Redwood City, Calif. and has offices in Asia, Europe, Latin America and North America. To learn more about Clarent, visit its Web site at www.clarent.com. About Performance Technologies, Inc. Performance Technologies is a leading supplier of packet-based telecommunications and networking products that enable convergence of wireline, wireless and next-generation Internet Protocol networks. The company provides enabling carrier-grade technology solutions, including network access products, Ethernet switching products and SS7/IP solutions to network operators, equipment manufacturers and systems integrators worldwide. Performance Technologies is headquartered in Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or . Additional engineering facilities are located in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. ; San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. ; and Ottawa, Canada. For more information about Performance Technologies, visit www.pt.com. Forward-Looking Statements The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain forward-looking statements. This press release contains forward-looking statements which reflect the respective parties' 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, including statements about the expected performance and interoperability of Clarent's and Performance Technologies' respective products, the expected future offerings of Clarent solutions to its customers and the expected acceptance and adoption of Clarent's products in the marketplace. These forward-looking statements are subject to certain risks and uncertainties and 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, as well as risks associated with the performance and interoperability of Clarent's and Performance Technologies' products, Clarent's distribution of its technology and Clarent's ability to introduce new products and ability to retain customers. These statements should be read in conjunction with the audited Consolidated Financial Statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge , the Notes thereto, and Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations of the Company as of December 31, 2000, as reported in its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. |
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