[July 30, 2015] |
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PCTEL Discontinues Mobile Tower Product Line
PCTEL (News - Alert), 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, healh 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 (News - Alert), 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150730005231/en/
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