UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported) January 17, 2013
PCTEL, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 000-27115 | 77-0364943 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
471 Brighton Drive
Bloomingdale, Illinois 60108
(Address of Principal Executive Offices, including Zip Code)
(630) 372-6800
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b)) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events |
The following information is intended to be furnished under Item 8.01 of Form 8-K, Other Events. This information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On January 17, 2013, PCTEL, Inc. (PCTEL) announced that it had engaged Wunderlich Securities, Inc. to advise them on potential directions for PCTEL Secure LLC (PCTEL Secure) and its security solution called ProsettaCore. Wunderlich will assist PCTEL in raising equity, establishing distribution partners, or finding other ways to optimize the value of the PCTEL Secure assets. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 21, 2013 | ||||||
PCTEL, INC. | ||||||
By: | /s/ John W. Schoen | |||||
John W. Schoen, Chief Financial Officer |
EXHIBIT INDEX
Exhibit Number |
Description | |
Exhibit 99.1 | Press release, dated January 17, 2013, of PCTEL, Inc. announcing that it had engaged Wunderlich Securities, Inc. to advise them on potential directions for PCTEL Secure LLC and its security solution called ProsettaCore. |
Exhibit 99.1
PCTEL Engages Wunderlich Securities, Inc. to Explore Strategic Directions for PCTEL Secure
Bloomingdale, ILJanuary 17, 2013PCTEL, Inc. (NASDAQ: PCTI), a leader in simplifying wireless and site solutions for private and public networks, announced today that it had engaged Wunderlich Securities, Inc. to advise them on potential directions for PCTEL Secure LLC and its security solution called ProsettaCore. Wunderlich will assist PCTEL in raising equity, establishing distribution partners, or finding other ways to optimize the value of the PCTEL Secure assets.
Weve developed an outstanding security solution, said Marty Singer, PCTELs Chairman and CEO. It is clear, however, that there is a mismatch between our traditional distribution channels and the various government, military, enterprise, and SCADA markets for ProsettaCore. Wunderlich is accelerating the introduction of PCTEL Secure to companies with an established interest in both the security and the mobile device management market, added Singer.
ProsettaCore includes a behavioral-based security monitor and other specialized software which runs on a smartphone and a myriad of other devices. It also includes a Policy Server which provides secure software downloads and Mobile Device Management (MDM) capabilities. The ProsettaCore solution allows a mobile device such as a phone, tablet, or tactical radio, to run in multiple modes, and to enforce multiple security policies, all without any specialized hardware. For example, a phone could have a Personal Use mode, and a Secure mode, each having different configuration files, apps, access privileges, and more. Security policies can be both pre-configured and updated in the field using a mobile management solution. ProsettaCore keeps separate the data and applications for different modes, effectively turning a single-purpose device into a multi-use device with multiple security levels. In addition, there are non-security applications for this capability.
PCTEL Secure LLC, a wholly owned subsidiary of PCTEL, reports into the companys RF Solutions Group. An updated Investor Presentation, that reflects this structure and other changes, has been posted to the PCTEL website under the Investor Relations tab.
About PCTEL
PCTEL, Inc. (NASDAQ: 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 todays wireless communication networks. The companys 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 Secure, which is part of RF Solutions, focuses on Android mobile platform security.
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 companys vertical markets include SCADA, Health Care, Smart Grid, Positive Train Control, Precision Agriculture, Indoor Wireless, Telemetry, Off-loading, and Wireless Backhaul. PCTELs products are sold worldwide through direct and indirect channels. For more information, please visit the companys 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, these forward-looking statements include statements regarding ProsettaCore, the innovative security solution developed by PCTEL Secure, and PCTEL Secures business plan. These statements are based on PCTELs current expectations. Anticipated 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 PCTELs filings with the Securities and Exchange Commission. 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.
For further information contact:
Jack Seller
Public Relations
PCTEL, Inc.
(630)339-2116
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