SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)                January 23, 2004

                     Performance Technologies, Incorporated

             (Exact name of registrant as specified in its charter)

         Delaware                    0-27460                     16-1158413
(State or other jurisdiction       (Commission                  (IRS Employer
      of incorporation)            File Number)              Identification No.)

205 Indigo Creek Drive, Rochester, N.Y.                             14626
(Address of principal executive offices)                          (Zip Code)


        Registrant's telephone number, including area code (585) 256-0200

         (Former name or former address, if changed since last report)

<PAGE>


Item 2. Acquisition or Disposition of Assets

The  Registrant,   Performance  Technologies,  Inc.  (Nasdaq  NM:  PTIX),  today
announced it has completed the purchase of Mapletree  Networks,  fulfilling  the
closing  conditions of the definitive  agreement  announced on January 12, 2004.
Under the terms of the  acquisition,  the Norwood,  Massachusetts  based company
will become a fully owned operating unit of Performance Technologies.

"Our  acquisition  of  Mapletree  Networks  is a great  step  forward  for  both
companies,  and further  increases our ability to deliver complete  platform and
system solutions to an expanded  customer base," said Donald Turrell,  president
and CEO of Performance Technologies.

Addition of the Mapletree  Networks  voice,  data and fax DSP and RISC processor
product line allows  Performance  Technologies to better participate in the VoIP
market, a resurging  segment fueled by the growth of affordable  broadband,  and
the ongoing expansion in the wireless market.

About Performance Technologies

Performance  Technologies  (Nasdaq NM:  PTIX) is a leading  developer of unified
embedded computing products and system-level  solutions for the  communications,
military and  commercial  markets.  Serving the industry for over 20 years,  our
packet-based  products enable  equipment  manufacturers  and carriers to provide
highly available and fully-managed systems with time-to-market,  performance and
cost advantages.

Performance  Technologies is  headquartered in Rochester,  New York.  Additional
operational  and  engineering  facilities  are located in San Diego and San Luis
Obispo, California and Ottawa, Canada. For more information, 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, 2002, 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
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SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)                January 23, 2004

                     Performance Technologies, Incorporated

             (Exact name of registrant as specified in its charter)

         Delaware                    0-27460                     16-1158413
(State or other jurisdiction       (Commission                  (IRS Employer
      of incorporation)            File Number)              Identification No.)

205 Indigo Creek Drive, Rochester, N.Y.                             14626
(Address of principal executive offices)                          (Zip Code)

        Registrant's telephone number, including area code (585) 256-0200

         (Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets

The  Registrant,   Performance  Technologies,  Inc.  (Nasdaq  NM:  PTIX),  today
announced it has completed the purchase of Mapletree  Networks,  fulfilling  the
closing  conditions of the definitive  agreement  announced on January 12, 2004.
Under the terms of the  acquisition,  the Norwood,  Massachusetts  based company
will become a fully owned operating unit of Performance Technologies.

"Our  acquisition  of  Mapletree  Networks  is a great  step  forward  for  both
companies,  and further  increases our ability to deliver complete  platform and
system solutions to an expanded  customer base," said Donald Turrell,  president
and CEO of Performance Technologies.

Addition of the Mapletree  Networks  voice,  data and fax DSP and RISC processor
product line allows  Performance  Technologies to better participate in the VoIP
market, a resurging  segment fueled by the growth of affordable  broadband,  and
the ongoing expansion in the wireless market.

About Performance Technologies

Performance  Technologies  (Nasdaq NM:  PTIX) is a leading  developer of unified
embedded computing products and system-level  solutions for the  communications,
military and  commercial  markets.  Serving the industry for over 20 years,  our
packet-based  products enable  equipment  manufacturers  and carriers to provide
highly available and fully-managed systems with time-to-market,  performance and
cost advantages.

Performance  Technologies is  headquartered in Rochester,  New York.  Additional
operational  and  engineering  facilities  are located in San Diego and San Luis
Obispo, California and Ottawa, Canada. For more information, 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, 2002, 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