EXHIBIT 99.1
Exhibit 99.1
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PCTEL Stakes Claim to Wireless Data Networking Market;
Will Acquire Voyager Technologies
Fast-Growing Silicon Valley Company Adds High Speed Wireless Networking to
Broadband Internet Access Solutions
Milpitas, CA - February 29, 2000 - PCTEL, Inc. (NASDAQ: PCTI), a leading
provider of personal connectivity and internet access technology, announced
today that it will acquire Voyager Technologies, Inc., a pioneer in wireless
technology and design. The acquisition provides PCTEL with the technology and
resources required to address high speed wireless data networking markets. This
move will accelerate PCTEL's ability to deliver residential gateway solutions
and to facilitate high speed internet access through cellular handsets. PCTEL's
leadership in software modems and digital signal processing, coupled with the
design strength of Voyager and its wireless intellectual property, will allow
the company to rapidly deliver broadband wireless connectivity to fixed or
mobile peripheral devices. Moreover, PCTEL can combine Voyager's Bluetooth(TM)
and Home RF(TM) wireless technology with its existing HSP softmodem designs to
accelerate the adoption of new applications for high speed DSL Internet access
and wireless data networking. The company expects to introduce the first of its
highly integrated combined chipset solutions later this year. "Voyager is at the
forefront of wireless technology and has an enviably strong position in key
growth markets," noted Peter Chen, chief executive officer of PCTEL. "Voyager's
design talent and core technology will help us quickly penetrate the wireless
market segment. We will converge our analog, embedded and DSL modem technology
with Voyager's Home RF and Bluetooth technology to deliver high-speed
connectivity for everything from PCs and home networks to Internet appliances
and other devices. Examples of potential applications include cordless
telephones, embedded wireless technology products, wireless headset technology,
and other ISM (industrial, scientific and medical) products." "Our company has
been extremely successful in positioning itself for explosive growth in the
wireless connectivity market," said Yoram Solomon, vice president of marketing
for Voyager Technologies. "As the only firm combining Bluetooth, Home RF and
cordless telephony protocols, we have developed a strong customer base with
companies such as Motorola, 3M and Veeder Root. Our new role within PCTEL will
permit Voyager to concentrate on design
and to rely on PCTEL's strong industry position to broaden the available market
for our intellectual property." Solomon and Chen noted that PCTEL will continue
its aggressive hiring practices, and Voyager Technologies employees are expected
to move to PCTEL offices in Milpitas, California.
ABOUT VOYAGER
Voyager Technologies, Inc. is a leader in Spread Spectrum design and owns some
of the first Spread Spectrum Patents. Voyager was founded in 1990 and its
headquarters are based in Morgan Hill, California. The company's major business
includes Spread Spectrum design services, system design, PCB design, ASIC design
and technology licensing. Voyager is a member of the VSI Alliance and RAPID
organizations. Voyager is located at 605 Tennant Ave., Suite C, Morgan Hill,
Calif. 95037. Telephone: (408) 778-7335. Fax: (408) 779-5701. For more
information on Voyager products, visit the Voyager website at
http://www.digitalrf.com.
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ABOUT PCTEL
PCTEL, founded in March 1994, is driving the evolution of innovative, cost-
effective personal connectivity and telecommunications solutions including
analog soft modems, digital broadband, home networking, high-density carrier-
side and embedded Internet access technology. The company's market leadership
has led to a wide ranging and comprehensive portfolio of more than 56 broadband
and analog communications patents, including the key and essential patents for
HSP modem technology. PCTEL products are available to PC and data communications
equipment manufacturers, as well as a variety of vertical market OEMs. PCTEL is
located at 1331 California Circle, Milpitas, Calif., 95035. Telephone:
(408) 965-2100. Fax: (408) 895-0178. For more information on PCTEL products,
visit the PCTEL website at http://www.pctel.com.
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Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995, the statements made
contained in this release which are not related to historical facts may be
deemed to contain forward-looking statements, including but not limited to
statements regarding deployment of the company's products, demand for the
company's products and the success of strategic relationships. Actual results
may differ materially from those anticipated in any forward-looking statements
as a result of certain risks and uncertainties, including, without limitation,
the company's dependence on strategic third parties to market and resell its
services, intense competition for the company's products, dependence on growth
in demand for DSL-based services and other risks and uncertainties detailed in
the company's Securities and Exchange Commission filings. The Company disclaims
any obligation to update information contained in any forward-looking statement.
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CONTACTS: Shawn Owens Paul Forecki
PCTEL, Inc. Sterling Communications
(408) 965-2100 x127 (253) 853-5030
shawn owens@pctel.com pforecki@sterlingpr.com
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