PCTEL, Inc. (NASDAQ: PCTI), a leader in antenna and scanning receiver solutions, today announced that it acquired the remaining interest in PCTEL Secure LLC (“PCTEL Secure”), a joint venture formed with Eclipse Design Technologies, Inc. (“Eclipse”), for $800,000. As a result of this acquisition, PCTEL Secure will be wholly-owned by PCTEL, and Eclipse will not retain any rights or interests in PCTEL Secure. Eric Uner, PCTEL Secure’s Chief Architect has become a full-time PCTEL employee. PCTEL Secure will maintain its relationships with key contractors and customers. The PCTEL Secure operation reports directly to PCTEL’s CEO, Marty Singer. “PCTEL and Eclipse accomplished a great deal together, delivering a prototype and a complete ProsettaCore™ Software Developer’s Kit (SDK) within 17 months,” said Marty Singer. “We are excited about the innovative security solution that we can provide for Android-based mobile devices and to SCADA networks for protection of nodes in utility, business, and other networks,” added Singer. The ProsettaCore solution allows a mobile device such as a phone, tablet, or tactical radio, to run in multiple modes, and to enforce multiple security policies, all without any specialized hardware. For example, a phone could have a "Personal Use" mode, and a "Secure" mode, each having different configuration files, apps, access privileges, and more. Security policies can be both pre-configured and updated in the field using a mobile management solution. ProsettaCore keeps the data and applications for different modes completely separated, effectively turning a single-purpose device into a multi-use device with multiple security levels. There are non-security applications for this capability. About PCTEL PCTEL, Inc. (NASDAQ: PCTI), develops antenna, scanning receiver, and network solutions for the global wireless market. The company's SeeGull® scanning receivers, SeeHawk® visualization tool, and CLARIFY® system measure, monitor and optimize cellular networks. PCTEL develops and supports scanning receivers for LTE, TD-LTE, EVDO, CDMA, WCDMA, TD-SCDMA, GSM, and WiMAX networks.
Looking at the universe of stocks we cover at Dividend Channel, on 2/4/15, PC-Tel Inc will trade ex-dividend, for its quarterly dividend of $0.05, payable on 2/13/15. As a percentage of PCTI's recent stock price of $8.35, this dividend works out to approximately 0.60%, so look for shares of PC-Tel Inc to trade 0.60% lower — all else being equal — when PCTI shares open for trading on 2/4/15.