PCTEL, Inc. (NASDAQ: PCTI), a leader in propagation and optimization
solutions for the wireless industry, announced today that it has
acquired Wi-Sys Communications Inc., an Ottawa, Canada based company
that specializes in GPS antenna and receiver technology. In 2008 Wi-Sys’
proprietary products and technology generated approximately $2.2 million
in revenue. PCTEL will pay $2.1 million for Wi-Sys and will fully
integrate the Wi-Sys operations into its Antenna Products Group (APG).
"This acquisition is consistent with our focus on high-value antennas
for the Enterprise,” said Marty Singer, PCTEL’s Chairman and CEO. "GPS
has been a strong product line for us over the past several years and we
have been exploring ways to bring more focus to our efforts in this
area. Many of the exciting, new precision GPS antenna applications, such
as agriculture, military, and network timing, are in the early phases of
deployment and growth. We believe that PCTEL is well positioned to
participate in the industry’s development,” added Singer.
Wi-Sys is known for high quality, low noise and low current products
that serve the diversified professional GPS market. The company’s core
products include a family of magnetic and fixed mount GPS antennas, OEM
antennas and integrated GPS receiver-antennas to address GPS
requirements at all levels of integration in military, public safety,
marine and commercial applications. These products are used in covert
antenna applications, commercial vehicle tracking systems and in
precision agriculture systems, where they are used for precision
spraying and steering systems to minimize chemical costs and enhance
agricultural yield.
Wi-Sys’ product line includes antennas for GPS L1/L2 and for Iridium®
and GlobalStar® satellite communications systems. With this acquisition,
PCTEL will extend its product offering and technology base of GPS
antenna-receivers. The Wi-Sys product line will also be sold through
PCTEL’s existing distribution channels.
About Wi-Sys
Wi-Sys Communications provides cost saving technologies to improve
wireless systems manageability. Wi-Sys manufactures an array of products
for GPS, terrestrial and satellite communication systems, including
programmable GPS Receivers and high performance antennas for the
Telematics, mobile radio, and precision GPS markets. In addition, Wi-Sys
offers custom Timing, Telematics and wireless communications solutions,
as well as wireless infrastructure products for the mobile business
industry.
About PCTEL
PCTEL, Inc. (NASDAQ: PCTI),
is a global leader in propagation and optimization solutions for the
wireless industry. The company designs and develops software-based
radios for wireless network optimization and develops and distributes
innovative antenna solutions. The company’s SeeGull® scanning
receivers, receiver-based products and CLARIFY® interference
management solutions are used to measure, monitor and optimize cellular
networks. PCTEL’s MAXRAD® and Bluewave™ antenna solutions
address public safety, military, and government applications; SCADA,
Health Care, 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
GPS antennas that serve innovative applications in telemetry, RFID,
in-building, fleet management, and mesh networks. PCTEL provides
parabolic antennas, ruggedized antennas, yagi antennas, and other high
performance antennas for many applications. PCTEL’s products are sold
worldwide through direct and indirect channels. For more information,
please visit the company’s web site www.pctel.com,
www.antenna.com,
www.antenna.pctel.com,
or www.rfsolutions.pctel.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 relating to deployment and
growth in the military, public safety, precision agriculture, satellite
communications systems and network timing applications of the acquired
GPS antennas, the benefits resulting from the leverage of PCTEL's
capabilities and extension of its product offering and technology base
of GPS antenna-receivers, and low level of integration risk, 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
grow the wireless products 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
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.