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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.
"We believe we can leverage the strength of the Pinnacle brand and its decade-long position as a leading developer of large-scale specialty networks in the public sector and enterprise markets in the Northeast. We offer our customers a robust suite of services in the engineering, installation and management of industry-leading solutions, which we expect to help drive our geographic expansion," added Stan Jones, Senior Vice President of Sales and Marketing. "We are committed to our goals of growing the Pinnacle Wireless brand, expanding our wireless customer base and increasing our market share."
UniTek is in the process of re-branding the Company's vehicles, website and marketing materials. The Company expects this transition to be seamless for existing Pinnacle Wireless customers, vendors and employees.
About UniTek Global Services:
UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. www.unitekgs.com
About Pinnacle Wireless:
Pinnacle Wireless, a subsidiary of UniTek Global Services, is a nationwide, self-performing, full turnkey service provider to both the private and public sectors. As a vendor-neutral integrator that specializes in large-scale communications projects for transportation, public safety, entertainment, hospitality and enterprise-grade commercial real estate, Pinnacle offers competitive solutions that exceed requirements and provide value for its clients and end users. Pinnacle has grown rapidly and built a reputation as the most sophisticated and largest specialty wireless systems integrator in the Northeast.
The statements in this press release that are not historical fact are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts, including but not limited to statements regarding the impact of changes in the Company's operational structure, the Company's backlog and the Company's expectations for its business units. These statements are subject to uncertainties and risks including, but not limited to, operating performance, general financial, economic, and political conditions affecting the Company's business and its target industries, the ability of the Company to perform its obligations under its contracts and agreements with customers and other risks contained in reports filed by the Company with the Securities and Exchange Commission, including in our Form 10-K for the year ended December 31, 2011. The words "may," "could," "should," "would," "believe," "are confident," "anticipate," "estimate," "expect," "intend," "plan," "aspire," and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward looking statement, whether written or oral, which may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.
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