Pctel Inc
PCTEL, Inc. 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 segment designs and manufactures
precision antennas. PCTEL antennas are deployed in small cells, enterprise Wi-Fi
access points, fleet management and transit systems, and in network equipment
and devices for the Industrial Internet of Things (“IIoT”). PCTEL
RF Solutions segment provides test tools that improve the performance of wireless
networks globally. Mobile operators, neutral hosts, and equipment manufacturers
rely on PCTEL to analyze, design, and optimize next generation wireless networks.
PCTEL operates in two segments for reporting purposes, Connected Solutions
and RF Solutions. Our chief operating decision maker uses operating profits
and identified assets for the Connected Solutions and RF Solutions segments
for resource allocations. Each segment has its own segment manager as well as
its own engineering, business development, sales and marketing, and operational
general and administrative functions. All of our accounting and finance, human
resources, IT and legal functions are provided on a centralized basis through
the corporate function. We manage the balance sheet and cash flows centrally
at the corporate level, with the exception of trade accounts receivable and
inventory which is managed at the segment level. Each of the segment managers
reports to and maintains regular contact with the chief operating decision maker
to discuss operating activities, financial results, forecasts, or plans for
the segment.
PCTEL’s Connected Solutions segment designs and manufactures precision
antennas. Our antennas are deployed primarily in small cells, enterprise Wi-Fi
access points, fleet management and transit systems, and in equipment and devices
for the IIoT. We offer in-house design, testing, radio integration, and manufacturing
capabilities for our antenna customers. Revenue growth in these markets is driven
by the increased use of wireless communications and increased complexity occurring
in these markets. Our antennas are primarily sold to original equipment manufacturer
(“OEM”) providers where they are designed into the customer’s
solution.
PCTEL maintains expertise in several technology areas in order to be competitive
in the antenna market. These include radio frequency engineering, mobile antenna
design and manufacturing, mechanical engineering, product quality and testing,
and wireless network engineering.
3.47%