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PCTI PCTEL Inc

6.99
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
PCTEL Inc NASDAQ:PCTI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.99 6.99 7.00 0 01:00:00

PCTEL Discontinues Mobile Tower Product Line

30/07/2015 1:50pm

Business Wire


PCTEL (NASDAQ:PCTI)
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Sells Existing Inventory and Eliminates Product Line Costs

PCTEL, Inc. (NASDAQ: PCTI), a leader in Performance Critical Telecom solutions, announced today that it has sold its remaining mobile tower inventory to Northern Tower Industries Inc. With that sale, PCTEL will no longer maintain its mobile tower product portfolio, although it will retain certain intellectual property associated with the design of two separate mobile tower product families. The mobile tower product portfolio was one of the assets acquired in 2012 and was not a key element of the company’s kitting operation or antenna business. PCTEL had distributed mobile towers manufactured by third parties.

“Northern Tower is a natural home for this product portfolio and we wish them great success as they move forward in their markets,” said Marty Singer, PCTEL’s Chairman and CEO. “Mobile towers were incompatible with our business focus, and we could not achieve leadership in this market. Within Connected Solutions, we want to focus on our leadership GNSS and Broadband Wireless product portfolio as well as our kitted solutions operation,” added Singer.

The company will elaborate on the elimination of this product line at its upcoming earnings conference call on August 4, 2015.

About PCTEL

PCTEL delivers Performance Critical Telecom solutions. The industry relies upon PCTEL to benchmark network performance, analyze trends, and optimize wireless networks. PCTEL's antennas and site solutions are vital elements for SCADA, oil and gas, utilities, fleet management, health care, public safety, education, small cell, and network timing.

PCTEL's RF Solutions products and services improve the performance of wireless networks globally. PCTEL's performance critical products include its MXflex®, IBflex®, and EXflex® SeeGull® scanning receivers and related SeeHawk® and SeeWave™ tools. PCTEL's sophisticated engineering services utilize these products as well as the Meridian™ network analytics portfolio (Map IQ™, Network IQ™, and Subscriber IQ™).

PCTEL Connected Solutions™ designs and delivers performance critical antennas and site solutions for wireless networks globally. PCTEL's performance critical MAXRAD® and Bluewave™ antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We leverage our design, logistics, and support capabilities to deliver performance critical site solutions into carrier, railroad, and utility applications.

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, or www.rfsolutions.pctel.com.

PCTEL, Inc.Jack SellerPublic Relations(630) 339-2116jack.seller@pctel.com

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