PCTEL Divests its Network Engineering Services to Gabe’s Construction Company, Inc.
01 August 2017 - 10:50PM
Business Wire
PCTEL, Inc. (Nasdaq:PCTI), a leader in Performance
Critical TELecom solutions, announced today that it
has sold the assets of its Network Engineering Services business
based in Melbourne, Florida, to Gabe’s Construction Company,
Inc.
“PCTEL excels as a research and development organization,
consistently delivering innovative products that help our customers
deploy the latest wireless technologies,” said David Neumann,
PCTEL’s CEO. “PCTEL will focus on growing our antenna business and
supporting the expanding ecosystem of licensed and unlicensed
wireless networks with our industry-leading scanning receiver
products and test solutions.”
“The organization we are acquiring from PCTEL has deep expertise
in wireless network engineering,” said Tim Gabrielse, President and
CEO of Gabe’s. “We are excited about the opportunity we have at
Gabe’s to bring these expanded services to our customer base.”
About PCTEL
PCTEL
delivers Performance Critical TELecom
technology solutions to the wireless industry. We are a leading
global supplier of antennas and wireless network testing solutions.
PCTEL Connected Solutions designs and manufactures precision
antennas. PCTEL antennas are deployed in small cells, enterprise
Wi-Fi access points, fleet management and transit systems, and in
equipment and devices for the Industrial Internet of Things (IIoT).
PCTEL RF Solutions provides test tools that improve the performance
of wireless networks globally. Mobile operators, neutral hosts, and
equipment manufacturers rely on PCTEL’s scanning receivers and
testing solutions to analyze, design, and optimize next generation
wireless networks.
For more information, please visit the following websites.PCTEL
Corporate: http://www.pctel.com/PCTEL Connected Solutions:
http://www.antenna.com/PCTEL RF Solutions:
http://rfsolutions.pctel.com/
PCTEL SAFE HARBOR
This press release contains forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Specifically, these forward-looking statements include statements
regarding the Company’s intention to focus on specific businesses
to create growth. These statements are based on PCTEL's current
expectations. Anticipated customer benefits and product
capabilities may differ materially from those projected as a result
of certain risks and uncertainties, including but not limited to
those detailed from time to time 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
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170801005309/en/
PCTEL, Inc.Michael RosenbergDirector of Marketing(301)
444-2046public.relations@pctel.com
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