PCTEL Discontinues Mobile Tower Product Line
July 30 2015 - 08:50AM
Business Wire
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150730005231/en/
PCTEL, Inc.Jack SellerPublic Relations(630)
339-2116jack.seller@pctel.com
PCTEL (NASDAQ:PCTI)
Historical Stock Chart
From Feb 2024 to Mar 2024
PCTEL (NASDAQ:PCTI)
Historical Stock Chart
From Mar 2023 to Mar 2024