PCTEL Included in New NASDAQ & AeA Illinois Technology Index

Business Wire,  May 23, 2008  

Tags: Nasdaq Stock Market Inc.

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The Index Tracks Illinois' Leading Public Technology Companies

CHICAGO -- PCTEL, Inc. (NASDAQ:PCTI), a leader in propagation and optimization solutions for the wireless industry, today announced it is a component of the NASDAQ OMX AeA Illinois Tech Index (NASDAQ:ILTI), the only statewide public technology index in the United States. The Index was created by The NASDAQ Stock Market (NASDAQ([R])) and the American Electronics Association (AeA) to highlight the technology assets in the state.

The NASDAQ OMX AeA Illinois Tech Index is a public-private partnership developed with the Illinois Department of Commerce and Economic Opportunity, Grant Thornton LLP, Baker & McKenzie, and the Illinois Biotechnology Industry Organization (iBIO). The state-wide focused index launched on May 19, 2008 and tracks the performance of publicly held technology companies that are headquartered in Illinois.

"PCTEL's growth and consistent participation in high-growth markets related to spectrum management makes it a natural choice to be included in this high-profile index," said Marty Singer, PCTEL's Chairman and CEO. "We are confident that the index will successfully highlight the high-technology companies and the outstanding technology assets, such as our universities and technically proficient workforce, available in the region."

"The Illinois Tech Index is comprised of some of the world's most innovative publicly traded technology companies," stated Demetrios Skalkotos, Vice President of the central region of NASDAQ's Corporate Client Group. "With the launch of this unique tool, NASDAQ and AeA have achieved our common objectives of raising the awareness of public technology companies in Illinois and providing institutional and retail investors easy and efficient access to this important sector."

Illinois has the fifth largest concentration of technology companies in the United States and The NASDAQ OMX AeA Illinois Tech Index was developed to raise awareness of the Illinois' technology assets. The Index will help attract technology talent, venture capital, and promote the activities of established technology companies in the state. The index tracks public companies from major sectors including high tech manufacturing, information technology, biotech, and life sciences.

Companies eligible for the Illinois Tech Index include public companies listed on the NASDAQ, New York Stock Exchange or American Stock Exchange with U.S. headquarters located within the state of Illinois. They must be classified in technology industries as defined by the AeA and iBIO's definition of technology (using NAICS or SIC codes). The AeA advisory board also utilized publicly available information concerning products, services, intellectual property and research and development expenditures for candidate companies.

Subsidiaries of foreign-owned companies with their primary U.S. location in Illinois and meeting all other requirements are also eligible. Subsidiaries of U.S. companies, securities listed on foreign exchanges, and OTC entities, however, are excluded.

For more information about The NASDAQ OMX AeA Illinois Tech Index, visit www.nasdaq.com/services/indexes/default.aspx?page=indexInfo&index=ILTI .

About PCTEL

PCTEL, Inc. (NASDAQ:PCTI), is a global leader in propagation and optimization solutions for the wireless industry. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. PCTEL's MAXRAD([R]) antenna solutions address public safety applications, unlicensed and licensed wireless broadband, fleet management, and network timing. Its portfolio includes a broad range of antennas for WiMAX, Land Mobile Radio, GPS, telemetry, RFID, WiFi, indoor cellular, and mesh networks. The company's SeeGull([R]) scanning receivers, receiver-based products and CLARIFY([R]) interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web site at: www.pctel.com.

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