PCTEL has a strong balance sheet while continuing to invest in the development of its product lines. PCTEL has $33.3 million of cash, short-term investments, and long-term investments as of December 31, 2016.
PCTEL maintains sales and support offices close to its global customers. PCTEL services these customers through its presence in North America, South America, Europe, the Middle East and Asia. The Company has distribution agreements with companies in the United States, Canada, Taiwan, Europe, Asia, Latin America and South America.
A key element in the company's stability is its management team. Many on the team have decades of experience in wireless, telecommunications, and other high technology areas. Three of the current management team have worked together for more than a decade and have collaborated previously on a highly successful and publicized turnaround and transition project.
This web site contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, statements regarding PCTEL's future business, business plans, revenue projections, costs, earnings, investments or other financial items; statements relating to the objectives of management, and statements regarding new products are forward looking statements within the meaning of the safe harbor. 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 but not limited to: the growth of the markets addressed by our products and our customers' products, the demand for and market acceptance of our products; our ability to successfully compete in the markets in which we do business; our ability to successfully address the cost structure of our products; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; and our ability to realize financial and strategic benefits of past and future transactions. These risks and uncertainties and others that relate to PCTEL's business and financial condition are detailed from time to time in PCTEL's Securities and Exchange Commission filings, and can affect actual results. These forward-looking statements are made only as of the date indicated, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.