PCTEL Announces Share Repurchase Program
Summary
“This repurchase program demonstrates the Boards confidence in our future and our commitment to delivering value to all of our shareholders,” said David Neumann, PCTEL’s Chief Executive Officer. The Company has put in place a plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, to facilitate market repurchases. PCTEL is a leading global provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems, and test and measurement solutions. These statements are based on management’s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties, including market conditions, the possibility that the repurchase program and/or Rule 10b5-1 plan may be suspended or discontinued, economic factors (such as interest rate and currency exchange rate fluctuations), customer demand for PCTEL’s products including demand from customers in China, growth and continuity in PCTEL’s defined market segments, and PCTEL’s ability to grow its wireless products business and create, protect and implement new technologies and solutions. In addition, there is uncertainty about the spread of the COVID19 virus and the impact it will have on PCTEL’s operations, the demand for PCTEL’s products, global supply chains and economic activity and conditions in general.
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