PCTEL Consolidates Into PCTEL Connected Solutions and RF Solutions
Jeff Miller Promoted to President, Connected Solutions
David Neumann to Lead RF Solutions as Vice President, General Manager
Tony Kobrinetz Elevated to Senior Vice President and COO Connected Solutions
BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (NAS: 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) 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.
PCTEL, Inc. (NAS: 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, 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, 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 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.
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