|
| [December 28, 2012] |
 |
PCTEL Consolidates Into PCTEL Connected Solutions and RF Solutions
BLOOMINGDALE, Ill. --(Business Wire)--
PCTEL (News - Alert), Inc. (NASDAQ: PCTI), a leader in simplifying wireless and site
solutions for private and public networks, announced today that it would
combine the Antenna Products Group and Connected Solutions into PCTEL
Connected Solutions. Jeff Miller, who has been promoted to President,
Connected Solutions will manage that group's sales, marketing, product
and business development, and engineering. Tony Kobrinetz, as Senior
Vice President and COO, Connected Solutions, will manage that group's
production, distribution, and manufacturing operations in Bloomingdale,
Illinois, Lexington, North Carolina, and Tianjin, China. In that
capacity, Tony will also serve as the Corporate CTO and CIO. David
Neumann, who has been the Vice President, Global Sales for RF Solutions
has been promoted to Vice President and General Manager, RF Solutions.
As part of this re-organization, the company's Network Engineering
Services group, led by Bob Joslin, will now report to David.
The consolidation of the company's product and service groups into two
businesses reflects the similarity in customers and focus between the
scanning receiver business and network services and, similarly, the
shared customers and product solutions between Connected Solutions
(formerly Telworx (News - Alert)) and the Antenna Products Group.
"I am fortunate to have a deep and experienced management team that can
take on broad and very detailed responsibilities. Jeff and Tony will
find both growth opportunities and cost-saving synergies that will
propel Connected Solutions to an exciting new scale," said Marty Singer,
PCTEL's Chairman and CEO. "David Neumann, who worked for this management
team at SAFCO Technologies back in the late 90's and who has made
outstanding contributions in building our scanning receiver business in
China and with various OEMs, has the support of the entire RFS and
former NES organization. He is and will be an outstanding leader for
this new organization," added Singer.
The company anticipates that PCTEL Connected Solutions will contribute
approximately 70-80 percent of the total revenue in 2013 with RF
Solutions contributing the balance. Tim Scronce, who had been leading
the Connected Solutions operation has left the company to pursue other
interests
About PCTEL
PCTEL, Inc. (NASDAQ: PCTI), develops antenna, scanning receiver, and
engineered site solutions and services for public and private networks.
PCTEL RF Solutions specializes in the design, optimization and testing
of today's wireless communication networks. The company's SeeGull®
scanning receivers, SeeHawk® visualization tool, and Clarify® system,
measure and analyze wireless signals for efficient cellular network
planning, deployment, and optimization. PCTEL develops and supports
scanning receivers for LTE (News - Alert), TD-LTE, EV-DO, CDMA, WCDMA, TD-SCDMA, GSM,
and WiMAX networks.
PCTEL Connected Solutions™ simplifies network deployment for wireless,
data and communications applications for private network, public safety,
and government customers. PCTEL Connected Solutions develops and
delivers high-value YAGI, Land Mobile Radio, WiFi (News - Alert), GPS, In-Tunnel,
Subway, and broadband antennas (parabolic and flat panel) through its
MAXRAD®, Bluewave™ and Wi-Sys™ product lines. PCTEL also designs
specialized towers, enclosures, fiber optic panels, and fiber jumper
cables to deliver custom engineered site solutions. The company's
vertical markets include SCADA, Health Care, Smart Grid, Positive Train
Control, Precision Agriculture, Indoor Wireless, Telemetry, Off-loading,
and Wireless Backhaul. PCTEL Secure focuses on Android (News - Alert) mobile platform
security. PCTEL's products are sold worldwide through direct and
indirect channels. For more information, please visit the company's web
sites www.pctel.com,
www.antenna.com,
www.rfsolutions.pctel.com,
www.connectedsolutions.pctel.com,
www.towerworx.com,
www.wirelesstesting.com
or www.pctelsecure.com.
PCTEL Safe Harbor Statement
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Specifically, the
statements regarding PCTEL's expectations as to the percentage of
revenue contributed by PCTEL Connected Solutions and RF Solutions
respectively, and benefits resulting from combining the existing
Connected Solutions Group with the Antenna Products Group to form PCTEL
Connected Solutions are forward-looking statements within the meaning of
the safe harbor. These statements are based on management's current
expectations and actual results may differ materially from those
projected as a result of certain risks and uncertainties, including the
ability to successfully integrate the businesses. These and other risks
and uncertainties are detailed in PCTEL's Securities and Exchange
Commission filings. These forward-looking statements are made only as of
the date hereof, and PCTEL disclaims any obligation to update or revise
the information contained in any forward-looking statement, whether as a
result of new information, future events or otherwise.

[ Back To Technology News's Homepage ]
|