Performance Technologies Inks Manufacturing Outsourcing Deal
December 30, 2009 (FinancialWire) — Performance Technologies, Inc. (NASDAQ: PTIX), a developer of communication platforms and systems, said it has entered into an agreement with Mack Technologies, Inc. of Westford, Massachusetts under which MTI will supply the printed circuit board assembly for the hardware elements of the company’s products.
The work to be outsourced is currently performed by Performance in its Rochester, New York facility. The transition of this element of the company’s current manufacturing operations to MTI is scheduled to be accomplished over the course of 2010 with completion targeted for no later than December 31, 2010.
Performance said it will continue its system-level integration, configuration and quality assurance activities at its Rochester facility.
Rochester, New York-based Performance Technologies maintains centers of engineering in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada. It has sales and marketing offices in the U.S. in Raleigh, Chicago, Dallas, and San Jose and international offices in London, England and Shanghai, China.
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