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WirelessDevNet.com Press Release
PCTEL To Distribute WiFi Seeker™ Device
Chicago, IL – PCTEL, Inc. (NASDAQ: PCTI), a leading provider of wireless solutions, announced today that it had reached an agreement with Chrysalis Development LLC to distribute a key-chain size device that locates Wi-Fi Hot Spots and determines signal strength level. The product is extremely useful for mobile workers. Under the terms of the agreement, PCTEL will distribute the product to wireless carriers. This includes cellular operators and wireless internet service providers (WISPs). Chrysalis Development has filed for a patent that covers the implementation and design of the product.
"Many of our customers have expressed interest in this product," said Marty Singer, PCTEL's Chairman and CEO. "The Chrysalis product combines an attractive form factor and quality performance with a competitive price and intellectual property protection. We are pleased to include this product in our portfolio," added Singer.
"We develop a lot of interesting wireless technology at Chrysalis," said Michael Seedman, the company's president and former general manager of U.S. Robotics successful modem division. "The opportunity to put the WiFi Seeker™ into PCTEL's distribution channel really excites us. We wanted to be associated with a leader in the Wi-Fi market," continued Seedman.
About Chrysalis Development LLC
Based in Morton Grove, Ill., Chrysalis Development LLC is an engineering design and development firm focused on creating innovative, life-enhancing electronics products. Michael Seedman is Founder of Chrysalis Development LLC. Seedman also serves as a director of D&M Holdings, Inc. a Tokyo-based audio/video consumer electronics company. For more information, please visit our website at: http://www.chrysalisdev.com.
About PCTEL
PCTEL (Nasdaq:PCTI), founded in March 1994, dedicated to wireless excellence, is a leading provider of Wi-Fi and cellular mobility software, software-defined radio products and access technology. PCTEL's Segue™ software products simplify installation, roaming, Internet access and billing. Its DTI product portfolio of OEM receivers and receiver-based products, measure and monitor cellular networks. MAXRAD designs, distributes, and supports innovative antenna solutions that facilitate and simplify wireless communications. PCTEL protects its leadership position with a portfolio of more than 130 analog and broadband communications and wireless patents, issued or pending, including key and essential patents for modem technology. The company's products are sold or licensed to PC manufacturers, PC card and board manufacturers, wireless carriers, wireless ISPs, distributors, wireless test and measurement companies, and system integrators. PCTEL headquarters are located at 8725 West Higgins Road, Suite 400, Chicago, IL 60631. Telephone: 773-243-3000. For more information, please visit our web site at: http://www.pctel.com.
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, but are not limited to, statements regarding the potential benefits resulting from the distribution and use of the WiFiSeeker™. These statements are based on PCTEL's current expectations and anticipated marketing benefits and actual results may differ materially from those projected as a result of certain risks and uncertainties, including, but not limited to, the success at marketing, selling and supporting this product; whether such product achieves market acceptance; the ability to forecast customer requirements; competition from other providers of wireless technology; and pricing uncertainties. These risks and uncertainties and others that relate to PCTEL's business, including but not limited to those detailed from time to time in PCTEL's Securities and Exchange Commission filings, can affect actual results. 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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