BLOOMINGDALE, ILL - PCTEL Inc., a leader in propagation and wireless network optimization solutions, announced in a press release that it has settled its Intellectual Property (IP) dispute with Wider Networks.
Under the terms of the agreement, PCTEL has acquired the two patents underlying Wider Networks' products. PCTEL also acquired exclusive distribution rights to Wider's product portfolio and will incorporate Wider's products into PCTEL's product portfolio.
Wider Networks will receive total consideration of $1.2 million for its patents and the distribution rights to its products. Wider Networks will continue to design, develop, and manufacture the Wider products that PCTEL will distribute. The Wider executive team will train the PCTEL sales force on these products.
"We are pleased to team with Wider Networks and have this matter behind us," PCTEL's Chairman and CEO Marty Singer stated.
"Wider has developed a compelling product that we are pleased to represent to our customers as an important element of our product portfolio. This arrangement also enhances PCTEL's Intellectual Property portfolio and strengthens our leadership in interference management," added Singer.
"Wider is very pleased about this partnership with PCTEL," said David Sanders, Wider's co-president.
"Wider will continue to design, develop, manufacture, and maintain our products but now we will also leverage the benefits of PCTEL's well developed sales and marketing organization," Sanders continued.
PCTEL's RF Solutions Group is recognized as a leader in the design, development, and manufacture of high-performance scanning receivers used by network engineers worldwide for the optimization of cellular networks.
PCTEL Inc. is a global leader in propagation and wireless network optimization solutions. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions.
Wider Networks designs and develops data collection and optimization solutions for the wireless industry.