GILBERT, ARIZ., December 10 /CNW/ - PCT International, Inc. (PCT), a
manufacturer of last mile solutions, announced today the acquisition of Think
Broadband Solutions from Wi-LAN, Inc. (TSX: WIN).
Under the terms of the agreement, PCT has agreed to acquire certain
inventory, capital assets and all applicable customer contracts, agreements,
and existing sales prospects relating to the Think Broadband cable and
services business. Additionally, all staff associated with the Think Broadband
business, including engineering, sales, and support, have accepted positions
with PCT. Test and certification equipment are included with the acquisition.
All Canadian operations will remain at their current location. PCT also
acquires a new line of products as well as all associated intellectual
"Think Broadband has been successfully servicing the Canadian market for
many years with its distribution, engineering, and support capabilities. Think
Broadband has a strong team of experienced customer support staff and expert
engineers in the broadband CATV business," explains Steve Youtsey, CEO of PCT.
"This synergistic acquisition enriches PCT's commitment to the local Canadian
market with direct distribution and local support. The additional new products
complement PCT's growing product portfolio while we continue to market to our
growing worldwide infrastructure."
About PCT International, Inc. and Andes Industries, Inc.
PCT International, Inc. and its holding company, Andes Industries, Inc.,
is a leading worldwide manufacturer of last-mile products for broadband
communication networks. PCT focuses on innovative and cost-effective solutions
that allow service providers to improve system integrity and expansion of
their service offerings. PCT's portfolio includes transmission and
connectivity products for the broadband, CATV, satellite and structured wiring
markets. PCT is headquartered in Tempe, Arizona, and has over 1,500 employees.
PCT maintains multi-international locations to support worldwide
manufacturing, logistics, and distribution of its products and services. For
more information, please visit www.pctinternational.com.
For further information:
For further information: PCT International, Inc. Brandon Wilson,
480-813-0925 firstname.lastname@example.org Tammy Boelter, 480-603-0658