PCT International Chapter 11 Plan Confirmed
2.11.2021 20:35:00 EET | Business Wire | Press release
With the full support of its customers, vendors, and the Arizona Bankruptcy Court, PCT International has emerged from Chapter 11 with a stronger organization. The robust balance sheet with newly developed products and world-class support continues to fuel global market growth with innovative broadband connectivity solutions.
PCT has over 24 years of industry leadership and has continued to show strong revenue and earnings momentum through the recent turbulent times. “With the impact of COVID-19, tariffs, raw material cost increases, and freight challenges, our team showed perseverance and hard work,” said Steve Youtsey, CEO and Founder. “I couldn’t be prouder of them with the support from our strategic partners,” Steve added. In parallel, PCT has also had to protect their intellectual property that continues to enhance the broadband network solutions their customers depend on.
“In my 35 years as a financial advisor and turnaround professional, I have never been more confident in a company poised for a full resurgence,” said Chris Linscott, CPA. “What PCT has accomplished through this reorganization has made it stronger and set it up for successful growth.”
U.S. Bankruptcy Judge Paul Sala said, “During the bankruptcy, PCT continued to spend money on research and development and continued to obtain patents for their products.” He later added PCT “has a seat at the table and an exclusive sales opportunity.”
Working through the Chapter 11 period and maintaining focus demonstrates the strength of PCT going forward. PCT fought through unprecedented challenges and emerged as a stronger company with a promising future.
About
PCT International, Inc. is a privately owned company serving a significant segment of the global telecommunications infrastructure. A total of 170 broadband innovative patents have been granted or registered to PCT since its founding. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technologies. PCT has also sold over four billion cable connectors around the world. For 25 years, PCT’s patented coaxial cable and connectors have been installed in millions of homes and businesses worldwide. To learn more, visit, http://www.pctinternational.com/our-company/.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211102006126/en/
Contact information
Isaac Valenzuela, VP Marketing, Andes Industries, Inc. isaac.valenzuela@andesinc.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Andersen Consulting Broadens Built-Asset Advisory Through Collaboration with Grinity19.2.2026 16:30:00 EET | Press release
Andersen Consulting has entered into a Collaboration Agreement with Grinity, a built-asset consultancy delivering technical, environmental, and sustainable development services to construction and real estate markets. Operating across the Czech Republic and Slovakia with more than 130 professionals, Grinity serves private and public clients in commercial development, industry, technology, automotive, and sustainability. The firm provides multidisciplinary expertise in project and cost management, technical advisory, transactional services, ESG consulting, and energy optimization for buildings. “Sustainability has become a strategic imperative, but clients also need integrated delivery across scope, cost, schedule, risk, and quality,” said Pavel Čermák, CEO of Grinity. “By combining our project and cost management, technical advisory, and energy optimization expertise with Andersen’s global platform, we can deliver comprehensive, forward-looking solutions that drive long-term value for
Fosway 9-Grid™ Analysis Identifies O.C. Tanner as Strategic Leader in the Talent & People Success Market19.2.2026 16:00:00 EET | Press release
O.C. Tanner, the global leader in employee recognition and culture solutions, is honored to be recognized once again as a Strategic Leader in the latest Fosway 9-Grid™ for Talent & People Success. This top industry placement from Fosway Group, Europe’s leading HR and talent analyst, reaffirms O.C. Tanner’s ongoing commitment to innovating employee engagement and workplace culture. Fosway’s independent analysis positions vendors based on performance, potential, market presence, total cost of ownership, and trajectory, helping HR leaders make informed decisions about workplace solutions. O.C. Tanner’s recognition reflects both the strength of its Culture Cloud® platform and its ability to support complex, enterprise-level needs with meaningful outcomes. “Being named a Strategic Leader by Fosway is a powerful validation of the impact our team is delivering for organizations around the world,” said Scott Sperry, President and CEO of O.C. Tanner. “Today’s talent environment demands culture-
Visa Renews Partnership Across Red Bull Formula One Teams19.2.2026 16:00:00 EET | Press release
Visa (NYSE: V) today announced a multi‑year renewal and expansion of its global partnership with Red Bull F1 Team’s Oracle Red Bull Racing and Visa Cash App Racing Bulls. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260219542270/en/ Building on the groundbreaking partnership launched in 2024, the renewed agreement reinforces Visa’s commitment to one of the world’s fastest‑growing sports, while introducing significant new branding rights, enhanced hospitality assets and immersive experiential opportunities across both teams. Visa will also continue as a Title Partner of both Visa Cash App Racing Bulls Formula One Team and its F1 Academy Programme, further strengthening Visa’s presence on and off the grid. “This renewal reflects the extraordinary momentum we’ve built with Red Bull Racing Teams, Visa Cash App Racing Bulls and Oracle Red Bull Racing, and our shared ambition to push what’s possible at the intersection of sport,
Project B Taps Fashion Industry Veteran William Kim as Chief Lifestyle Officer19.2.2026 16:00:00 EET | Press release
Project B, an elite global women’s and men’s basketball grand prix built for a new generation of athletes and fans, today announced the appointment of William Kim as Chief Lifestyle Officer. In this strategic role, Kim will lead Project B’s premium lifestyle business across merchandise, brand collaborations, and cultural partnerships as Project B expands across Europe, Asia, and the Americas to create the most premium cultural platform in global sport. “We are building a model designed for 2030 and beyond,” said Kim. “It starts with creating exceptional products. We’re sourcing the highest quality natural fibers for every moment in an athlete’s day and offering those same collections to the broader fan community. From design to supply chain to final consumer experience, we are operating with the same discipline and control as a luxury house, overseeing product, distribution, and brand experience holistically.” Kim will lead Project B’s global lifestyle strategy, integrating sport, fash
Aeris Integrates with Palo Alto Networks to Secure the Wireless IoT Blind Spot with Agentless, Global SASE19.2.2026 16:00:00 EET | Press release
Aeris, a leader in wireless management platforms, security services and connected vehicle programs, today announced it has completed its product integration with Palo Alto Networks Prisma SASE 5G and joined an extensive ecosystem of Palo Alto Networks Technology Partners to deliver intelligent and interoperable solutions that enable joint customers with turnkey integrations that help them more easily and confidently secure their digital transformation journey. The integration combines Aeris IoT Watchtower™ with Palo Alto Networks Prisma SASE 5G to transform how enterprises protect wireless IoT deployments, providing a single point of control to extend security to the wireless IoT edge. The integration provides Layer 7 security features, including Deep Packet Inspection (DPI) and Data Loss Prevention (DLP), across a global footprint. By validating interoperability between these platforms, Aeris and Palo Alto Networks allow businesses to reduce their attack surface and bring previously i
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom