Performance Technologies, Inc (NASDAQ: PTIX) was set up in 1981 and now is based in Rochester, New York. The company engages in network communications solutions, telecommunications, and military, aerospace and government systems. In January 2011, Performance Technologies acquired GENBANDs Universal Signaling Platform (USP) and SP2000 signaling technology. On December 13, 2013, Sonus Networks, Inc. and Performance Technologies entered into a definitive merger agreement, under which Sonus will acquire PT for $3.75 per share in cash, or approximately $30 million. SEGway Signaling Solutions SEGway Signaling Solutions provide integrated signaling, routing, IP migration, gateway capabilities, session initiation protocol (SIP) bridging, and distributed intelligence for 4G LTE and IMS telecommunications networks. Monterey and IPnexus Application-Ready Platforms These platforms are built on PTs hardware combined with PTs NexusWare Carrier Grade Linux operating system, enabling a range of IP (Internet protocol)-interworking in data acquisition, sensor, radar, and control applications for aviation, weather, and other infrastructure networks. PTs Monterey 8000 platform is the newest Monterey MicroTCA products. Xpress SIP Applications The Companys Xpress NGN (next-generation network) applications enable Mobile 2.0, Multi-media, and IMS-based revenue-generating services. There are mainly four Xpress applications: Prepaid/Postpaid services, Voice Messaging, Private Network Cost Optimizer and Telemarketer Guard.