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8-K - FORM 8-K - PC TEL INC | c62206e8vk.htm |
EX-10.1 - EX-10.1 - PC TEL INC | c62206exv10w1.htm |
EXHIBIT 99.1
PCTEL Forms Joint Venture With Eclipse Design Technologies
PCTEL Secure To Provide Services and Platforms for Secure Communication Products
BLOOMINGDALE, IL, January 5, 2011 PCTEL, Inc. (NASDAQ: PCTI), a leader in antenna and scanning
receiver solutions and Eclipse Design Technologies, Inc. announced today that they have launched a
new joint venture PCTEL Secure LLC that will provide engineering services and design
platforms that enable secure applications. PCTEL will initially own a majority interest in PCTEL
Secure and has the right to acquire the rest of the company over the next three years.
PCTEL Secure will leverage unique capabilities within Eclipse Design and the outstanding resources
that PCTEL has in RF, DSP, and system software, said Marty Singer, PCTELs Chairman and CEO.
PCTEL Secure will provide services and deliver fully integrated products to our existing OEM
customers, wireless distributors, and specialized Value Added Resellers, added Singer.
PCTEL currently designs, develops, and manufactures antenna solutions for defense systems
integrators, public safety, and a variety of enterprise applications. The company also designs,
develops, and manufactures scanning receivers that are applicable to a variety of defense and
security-related applications.
Eclipse Design Technologies is excited about the opportunity to work with PCTEL on the creation
and delivery of secure solutions, said Tony Vitucci, Co-founder and Vice President of Eclipse
Design.
Mr. Vitucci, who worked for Motorola in its infrastructure division and whose companies have
designed complex semiconductors, circuit boards and software solutions for the communications
industry, will serve as PCTEL Secures Vice President, Sales and Marketing.
PCTEL Secure will be managed by Tony Kobrinetz who is PCTELs Vice President, Technology and
Operations.
PCTEL plans to initially invest $2.5 million.
About PCTEL
PCTEL, Inc. (NASDAQ: PCTI), is a global leader in propagation and wireless network optimization
solutions. The company designs and develops software-based radios for wireless network optimization
and develops and distributes innovative antenna solutions. The companys SeeGull® scanning
receivers, receiver-based products and CLARIFY® interference management solutions are used to
measure, monitor and optimize mobile networks. PCTELs SeeGull scanning receivers are deployed in
industry leading wireless test and measurement equipment and viewed as an essential wireless data
collection tool for cellular network optimization, drive tests, and spectrum clearing. PCTEL
develops and supports scanning receivers for LTE, EVDO, CDMA, WCDMA, TD-SCDMA and WiMAX networks.
SeeHawk, PCTELs latest analysis tool, facilitates the visualization of data from all of PCTELs
data collection devices. PCTEL Secure, a joint venture with Eclipse Design Technologies, designs
Android-based, secure communication products.
PCTELs MAXRAD®, Bluewave and Wi-Sys antenna solutions address public
safety, military, aviation, defense and government applications; SCADA, Health Care, Energy, Smart
Grid and Agricultural applications; Indoor Wireless, Wireless Backhaul, and Cellular applications.
Its portfolio includes a broad range of WiMAX antennas, WiFi antennas, Land Mobile Radio antennas,
and precision GPS antennas that serve innovative applications in telemetry, RFID, in-building,
fleet management, and mesh networks. PCTEL provides parabolic antennas, ruggedized antennas, Yagi
antennas, military antennas, precision aviation antennas and other high performance antennas for
many applications. PCTELs products are sold worldwide through direct and indirect channels. For
more information, please visit the companys web sites www.pctel.com, www.antenna.com,
www.antenna.pctel.com, or www.rfsolutions.pctel.com
About Eclipse Design Technologies
Eclipse Design Technologies was founded by expert IC design engineers with over 30 years of proven
experience in delivering engineering services for complex IC and product design in wireless
communications, aerospace and defense, set-top boxes, networking, automotive and electronic design
automation. Eclipse expertise spans a broad range of experience enabling a full range of service
offerings from system conception to physical design to board prototyping and embedded software
development
PCTEL SAFE HARBOR
This press release contains forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Specifically, the statements regarding PCTELs expectations relating
to the formation of a joint venture with Eclipse Design Technologies to provide engineering
services and design platforms that will enable secure applications to existing OEM customers,
wireless distributors and specialized Value Added Resellers, and the benefits resulting from the
leverage of Eclipse Designs unique capabilities and the resources PCTEL has in RF, DSP and system
software, are forward looking statements within the meaning of the safe harbor. These statements
are based on managements current expectations and actual results may differ materially from those
projected as a result of certain risks and uncertainties, including the ability to successfully
grow the secure smartphone solutions business and the ability to implement new technologies and
obtain protection for the related intellectual property. These and other risks and uncertainties
are detailed in PCTELs 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.
# # #
For further information contact:
Jack Seller
Public Relations
PCTEL, Inc.
(630)339-2116
jack.seller@pctel.com
Public Relations
PCTEL, Inc.
(630)339-2116
jack.seller@pctel.com