PCTEL Announces General Counsel Transition

PCTEL, Inc. (NASDAQ:PCTI), a leader in performance critical telecom solutions, announced today that Varda Goldman would be stepping down as Senior Vice President and General Counsel. She will serve as the company’s Vice President, Legal Transition Officer during 2015 and consult on a variety of matters with which she has unique familiarity. She will retire from PCTEL at the end of 2015. Shelley Bacastow, who has been the company’s Assistant General Counsel, will be promoted to Vice President and General Counsel effective January 1, 2015.

Mrs. Goldman began her executive tenure with PCTEL as the company made its transition from a struggling analog modem vendor to a global wireless technology company. Between 2002 and 2004, she participated in or directly managed 20 commercial transactions that changed the course of the company. These included the divestiture of the modem operation, the acquisition of the company’s scanning receiver assets, the purchase of the MAXRAD and Andrew antenna operations, the settlement of multiple intellectual property claims, and major contracts across all of PCTEL’s business units. Later, Mrs. Goldman negotiated intellectual property settlements with Agere and Intel for $20 million. She crafted the agreement to divest the Mobility Solutions Group in 2008 for $65 million. That divestiture resulted in a $10.5 million one-time dividend for shareholders and completely covered the costs of acquiring WiSys, Bluewave™, the Comarco scanning receiver product lines, Envision Wireless, the company’s investment in its Tianjin production capability, and its investment in China scanning receiver distribution. Most recently, Varda helped navigate the company through the recovery of nearly $8 million from the principals and advisors who misrepresented the financial records of assets acquired in 2012.

“Varda has been a vital member of PCTEL’s executive team,” said Marty Singer, PCTEL’s Chairman and CEO. “Her experience, business sense, and commitment to the company have been an unwavering foundation as the company transformed itself over the past decade. Eleven years ago, the company generated about $2.5 million in product sales in its third quarter. Last quarter, we generated nearly $28 million. We would not have accomplished this growth without Varda’s legal acumen and dedication. We are extremely grateful for her service,” added Singer.

Prior to PCTEL, Mrs. Goldman spent 25 years at Motorola. Among many other senior positions, she served as the Vice President and Director of the Law Department for Motorola’s Cellular Infrastructure group between 1989 and 1999. During that period, CIG grew from $600 million to $4.4 billion in annual revenues with commercial activities around the world.

The company has issued a separate press release regarding Mrs. Bacastow’s promotion and her new responsibilities.

About PCTEL

PCTEL delivers Performance Critical Telecom solutions. RF Solutions develops and provides test equipment, software, and engineering services for wireless networks. Engineers rely upon PCTEL to visualize, benchmark, and optimize wireless networks. Connected Solutions™ designs and delivers performance critical antennas and site solutions for wireless networks globally. Our antennas support evolving wireless standards for cellular, private, and broadband networks. PCTEL antennas and site solutions support networks worldwide, including SCADA for oil, gas and utilities, fleet management, industrial operations, health care, small cell and network timing deployment, defense, public safety, education, and broadband access.

PCTEL's performance critical products include its SeeGull® scanning receivers and CW Transmitter, SeeHawk® and SeeHawk® Touch™ analytic software, and its SeeWave™ interference locating system. PCTEL is recognized globally for its industry leading-edge IBflex™, EXflex®, and MX scanning receivers and its sophisticated in-building Network Engineering Services (NES).

PCTEL's performance critical MAXRAD® and Bluewave™ antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We provide performance critical mobile towers for demanding emergency and oil and gas network applications and leverage our design, logistics, and support capabilities to deliver performance critical site solutions into carrier, railroad, and utility applications.

PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web sites: www.pctel.com, www.antenna.com, or www.rfsolutions.pctel.com.