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Performance acquires portion of Intel's comms platform

Posted: 17 Sep 2002 ?? ?Print Version ?Bookmark and Share

Keywords:embedded systems? processor modules?

Performance Technologies Inc. has entered an agreement with Intel Corp. to acquire the latter's embedded Communications Platform Division located in San Luis Obispo, California, in a sale-of-stock transaction.

This acquisition will make the San Luis Obispo operation a fully-owned operating unit of Performance, a move expected to more than double the company's total available market in the embedded systems space through the addition of system and computing products. Completion of the transaction is expected on or before October 1st of this year. Upon completion, the new unit of Performance will continue to operate in the San Luis Obispo facility, and products will be branded under the Ziatech name.

According to Performance, the Ziatech line of CompactPCI, PICMG 2.16, and STD 32-based processor modules and system platforms will become an important extension to its product family that the management believes can contribute to the future growth and expansion of the company. The combined products is expected to enable Performance to serve a wider set of embedded applications in the data communications, telecommunications, military, industrial automation, transportation, and medical markets.

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