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UniTek Global Services Launches New Pinnacle Wireless Brand

Stocks in this article: UNTK

BLUE BELL, Pa., Dec. 18, 2012 (GLOBE NEWSWIRE) -- UniTek Global Services, Inc. ("UniTek" or the "Company") (Nasdaq:UNTK), a premier provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries, today announced a new brand identity, Pinnacle Wireless, for its recently integrated carrier and specialty wireless business unit, which has been combined into one, customer-facing organization. UniTek plans to focus on large, long-term strategic network development projects to best serve its customers' and overall industry needs.

"The name, Pinnacle Wireless, exemplifies what we aspire to be – the top solutions provider in the wireless industry," said Michael Hayford, President of Pinnacle Wireless. "The newly launched Pinnacle Wireless brand represents the strength of our unified organization. We have a nationwide infrastructure, strong engineering and system integration offerings, and extensive project management capabilities across a variety of wireless applications. We expect this expertise in the wireless industry and our proven ability to execute will position us for greater success in the rapidly expanding marketplace."

The Company continues to expand its wireless business with recent contract awards of approximately $15 million, representing incremental backlog since September 29, 2012. Pinnacle Wireless has expanded and strengthened its presence in the World Trade Center redevelopment and was awarded an additional $7.5 million of work in 2012. Pinnacle Wireless has also been awarded several new contracts to develop integrated wireless networks regionally for public safety, mass transit and various commercial applications. Recent contract awards will provide wireless services for members of the New York City Transit, the Fire Department of New York and the New York Police Department. 

The new Pinnacle Wireless will combine the strengths of UniTek's national presence and shared services platform with its own diverse technology solutions, including the ability to deliver "end-to-end" wireless solutions and services for a broad customer base. The Company intends to build upon its strong reputation and success in the Northeast to expand its complete wireless lifecycle management and deployment expertise nationwide. UniTek plans to deepen existing customer relationships and establish operations in major markets where the Company already has a presence through its satellite and cable fulfillment operations, leveraging its workforce of over 5,000. Due to its scalability, Pinnacle Wireless also expects to create new service offerings to meet the needs of national business initiatives supported by leading manufacturers and Tier 1 Systems Integrators.

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