PCT International Awarded Advanced Shielding Patent

TEMPE, AZ – August 5, 2021 PCT International, Inc. has received a new coaxial cable patent from the USPTO, patent #US11,037,703. This innovative patent provides enhanced shielding tape for PCT’s Coaxial Cable Products. Enhanced shielding protects the signals in the cable from outside interference and helps prevent signal leakage. Superior shielding is required to support the expanding broadband internet demands consumers require for personal and business uses. This new patented technology applies to multiple types of cables within the home, such as broadband coaxial, security, Ethernet, and HDMI. Existing installations with obsolete, poorly shielded coaxial cable will suffer more and more as bandwidths used for broadband telecommunications networks expand to allow the 10G services being developed today.

PCT’s continued commitment to innovation via PCT Labs development and certification processes offers its customers a strategic advantage in the marketplace. The average 2,500 sq. ft. home has a combination of over 400 ft. of broadband coaxial, security, Ethernet, and HDMI cables in it. PCT’s enhanced shielding can safeguard the Last Mile from the signal tap to within the home or business.

A total of 170 broadband patents have been granted or registered to PCT since its founding. Today, 160 of these innovative technology patents are still in force with 61 pending approval, all serving the broadband cable industry. “Our latest patented cable technologies continue PCT’s cutting edge leadership in serving the Last Mile in broadband markets,” said Steve Youtsey, PCT’s CEO.

PCT’s Vice President of Global Technology, Leonard Visser, elaborated on this, “Continuity and shielding have always been important and are even more so now. We recognized this years ago when we developed the first true continuity connector that locks components together, metal to metal, for superior connector signal shielding. We then developed our original Triton Coaxial Cable with improved laminates for the best shielding available. And we’re still leading the industry with enhanced foils today to prevent and mitigate micro-fractures that spell trouble with higher bandwidths. PCT has even pioneered the use of quantum tunneling composites to bring shielding to unheard-of levels.”

Organizations like the Society of Cable Telecommunications Engineers1 (SCTE) are educating the industry on the trend toward higher bandwidths. PCT has been a leader in these areas for many years and continues to plan for our customers’ future needs.

Media Contact

Isaac Valenzuela
VP Marketing
Andes Industries, Inc.
isaac.valenzuela@andesinc.com

About

PCT International, Inc. is a privately owned company serving a significant segment of the U.S. telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over four billion coaxial cable connectors worldwide. PCT’s patented coaxial cable and connectors have been installed in approximately 10% of all homes and businesses in America. To learn more, visit, http://www.pctinternational.com/our-company/.

1 – https://www.10gplatform.com

PCT International Secures $5 Million in Funding

TEMPE, AZ – July 26, 2021 PCT International, Inc. has received Court approval for $5 million in funding upon Confirmation of its Chapter 11 Plan from TRGP Investment Partners, LP. TRGP has a successful track record of helping companies in similar circumstances to focus on growth and opportunity.

This funding bolsters PCT’s Chapter 11 plan as it heads toward Confirmation and demonstrates the strength of the malpractice claim against Robins Kaplan LLP. The funding will be provided by TRGP to PCT on a contingency basis. PCT is only required to repay the funding from the malpractice case winnings upon receipt of payment on its malpractice claim against Robins Kaplan. The funds advanced by TRGP are specifically available to pay creditors under the pending plan of reorganization, which has garnered the support of over 97% in amount and number of creditors in the case. The sole objector to the approval of the plan is Robins Kaplan.

Robins Kaplan was also the only party opposing the funding and the Court approved it over their objections. PCT’s General Counsel, Doug Drury noted: “We found Robins Kaplan’s objections to the funding odd. If they were confident in prevailing, why would they oppose $5 million in funding that wouldn’t have to be repaid if they won the malpractice case?”

In August of 2019, PCT engaged Leo Beus of the nationally renowned law firm of Beus Gilbert McGroder, PLLC of Phoenix, Arizona, to represent it in its malpractice case on a full contingency basis. BGM’s participation was instrumental in demonstrating the strength of the case and securing the TRGP funding. PCT continues its upward momentum and these positive developments are a direct reflection of the success, innovation, and growth that is to come.

Company Contact

Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

Media Contact

Isaac Valenzuela
VP Marketing
Andes Industries, Inc.
isaac.valenzuela@andesinc.com

About

PCT International, Inc. is a privately owned company serving a significant segment of the global telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over four billion cable connectors around the world. PCT’s patented coaxial cable and connectors have been installed in millions of homes and businesses worldwide.

PCT International Wins Judgment Allowing PPP

TEMPE, AZ – June 16, 2020 – Arizona Bankruptcy Judge Paul Sala issued an order declaring that PCT International, Inc. (PCT) is eligible to participate in the U.S. Paycheck Protection Program. SBA had sought to exclude PCT and other companies reorganizing in Chapter 11 from participating in the program. The Court found that Congress clearly set forth the qualifications for a company to participate in PPP and that PCT met those qualifications.

The Paycheck Protection Program (PPP) is one of several programs passed by Congress to alleviate the impacts on small businesses from the COVID-19 public health crisis. The SBA exceeded its authority by attempting to exclude reorganizing companies from the program. The court went on to note that, even if the SBA could add qualifications to the PPP, this proposed rule is contrary to the intent of Congress.

PCT’s General Counsel Douglas Drury stated that “The Court issued a thorough and well-reasoned opinion that fully supports the Congressional intent behind the PPP to assist businesses like PCT impacted by COVID-19.”

Company Contact

Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

Media Contact

Jineane Ford
Chief Information Officer
Andes Industries, Inc.
tel +1.480.603.0663

About

PCT International, Inc. is a privately owned company serving a significant segment of the global telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over four billion cable connectors around the world. PCT’s patented coaxial cable and connectors have been installed in millions of homes and businesses worldwide.

PCT International Files Plan of Reorganization

TEMPE, AZ – June 9, 2020 PCT has filed its reorganization plan in the U.S. Bankruptcy Court. PCT has the full support of its supply chain partners and lenders, allowing it to continue to serve its domestic and international customers. Additional capital contributions from shareholders are included in PCT’s plan, and the plan provides for full payment of its undisputed creditors.

Steve Youtsey, CEO of PCT, said, “This plan demonstrates that we are not about to abandon our customers or vendors. PCT has served the telecom industry faithfully and well for over twenty years and this plan shows that we will continue to do so. PCT has over 150 patents in our portfolio and our access to additional capital will allow PCT to expand upon our reputation as a leader in innovation and quality for global telecommunications infrastructure.”

PCT has also filed an adversary complaint in the U.S. Bankruptcy Court seeking relief against its former vendor, EZconn Corporation, from Taiwan and China, for giving PCT’s engineering and business trade secrets to a competitor, Holland Electronics, which is a subsidiary of Amphenol/Times Fiber. A favorable ruling on this adversary complaint would either entirely eliminate, or subordinate EZconn’s claims to those of PCT’s other creditors.

Company Contact

Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

Media Contact

Jineane Ford
Chief Information Officer
Andes Industries, Inc.
tel +1.480.603.0663

About

PCT International, Inc. is a privately owned company serving a significant segment of the global telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over four billion cable connectors around the world. PCT’s patented coaxial cable and connectors have been installed in millions of homes and businesses worldwide.

PCT International Averts Hostile Takeover Attempt

MESA, AZ – February 5, 2020 – The U.S. Bankruptcy Court has granted motions filed by PCT International, Inc. to permit continued business operations of the company while it reorganizes in a Chapter 11 case. In granting PCT’s “First Day” motions, the Court has rejected objections filed by one of PCT’s former vendors aimed at gaining control of PCT and its intellectual property rights.

During the course of prior litigation PCT learned that its vendor, EZconn Corporation, from Taiwan and China, had given PCT’s engineering and business trade secrets to a competitor, Holland Electronics, which is a subsidiary of Amphenol/Times Fiber. PCT ceased doing business with EZconn based on these bad acts but PCT was ultimately forced into bankruptcy. The Bankruptcy Court’s ruling this week averted this latest attempt at a hostile takeover.

Following this ruling, Steve Youtsey, CEO of PCT, said, “We are very pleased that the Court gave us the breathing room we need to resume normal operations. We are more determined than ever to protect and fight for our IP rights and the legitimate interests of all our shareholders, creditors and customers.” “We also want to thank our valued supply chain partners and customers for their continued support and patience.”

PCT’s telecom business model remains strong and PCT remains committed to delivering the best quality products and at the best price. PCT will continue to develop innovative products to support the telecommunications infrastructure and ensure the company’s future success.

Company Contact

Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

Media Contact

Jineane Ford
Chief Information Officer
Andes Industries, Inc.
tel +1.480.603.0663

About

PCT International, Inc. is a privately owned company serving a significant segment of the global telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over four billion cable connectors around the world. PCT’s patented coaxial cable and connectors have been installed in millions of homes and businesses worldwide.

PCT Takes Legal Action To Protect Against Hostile Takeover

MESA, AZ – December 2, 2019 – Following the filing of an Involuntary Petition by an adverse party, PCT International, Inc. has moved to convert the filing to Chapter 11 in order to protect itself from hostile actions aimed at gaining control of PCT and its intellectual property rights. PCT’s lenders are committed to the company with Sallyport Commercial Finance saying “We are supporting PCT and their Team 100% during their Chapter 11 restructuring process.” PCT is optimistic that the Court will quickly grant its Motion.

After 20 years, PCT’s telecom business model remains strong. PCT stays committed to delivering the best quality at the best price.

This action comes after a series of court decisions. In 2006, PPC/Belden brought an action against Holland/Amphenol Electronics for infringing PPC connector patents. PPC prevailed, putting Holland’s connector business in jeopardy. But then PCT’s former vendor, EZconn, secretly engineered compression connectors for Holland/Amphenol using PCT IP and trade secrets to keep Holland/Amphenol in the connector market.

Undisclosed to PCT, EZconn or its principals had a financial stake in Holland/Amphenol and used PCT’s IP and trade secrets to help keep the Holland/Amphenol connector business afloat. PCT brought an infringement suit against Holland when it was discovered that they had infringed on PCT’S IP. In 2015, the Court ruled in PCT’s favor and granted a Judgment against Holland/Amphenol.

During the course of that case PCT found that Holland was able to infringe its IP only because EZconn had given PCT’s IP and engineering trade secrets to them. It was also discovered that EZconn gave Holland PCT’s financial, cost, and pricing information. Court records include information supporting the fact that these disclosures occurred and that Michael Holland, President of Holland, asked EZconn to erase the emails between the two companies, fearing legal action.

PCT also learned that EZconn had taken its IP and obtained its own patents on that IP without PCT’s knowledge or consent. This included patents on PCT’s improved locking connector. PCT has filed an invalidity action to protect its IP and expects a positive outcome shortly.

PCT ceased doing business with EZconn based on these bad acts and in 2014 began legal action to address these issues. PCT sought judgment to recover damages for these acts. EZconn brought actions against PCT as well. But, the law firm that PCT used in that action did not properly plead the case which resulted in judgments being issued against PCT. PCT has retained the nationally renowned law firm of Beus Gilbert as counsel in a malpractice case against that firm.

This Chapter 11 filing provides PCT space to continue its operations, maintain its supply chain, protect its IP, ensure the company’s future success and thwart this attempted hostile takeover. PCT will continue to support its customers with quality products and services.

Contact

Doug Drury
President & General Counsel
PCT International, Inc.
pctinfo@pctintl.com

About

PCT International, Inc. is a privately owned company serving a significant segment of the U.S. telecommunications infrastructure. PCT has manufactured over 1,000,000 miles of coaxial cable with its proprietary technology. PCT has also sold over one billion coaxial cable connectors worldwide. PCT’s patented coaxial cable and connectors have been installed in approximately 10% of all homes and businesses in America. To learn more, visit, http://www.pctinternational.com/our-company/.