QualityStocks would like to highlight UniTek Global Services (NASDAQ: UNTK), 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. UniTek, based in Blue Bell, PA, utilizes a diverse workforce of over 6,500 deployed in over 108 locations in the United States and Canada.
In the company’s news,
UniTek Global Services introduced Pinnacle Wireless, a new brand identity for its recently integrated carrier and specialty wireless business unit, which has been merged into a single, customer-facing organization. Moving forward, UniTek intends to direct its focus towards 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 showcases continual expansion in the wireless market with recent contract awards of approximately $15 million, representing incremental backlog since September 29, 2012. Pinnacle Wireless has bolstered its involvement in the World Trade Center redevelopment and was awarded an additional $7.5 million of work in 2012. Additionally, Pinnacle Wireless has won several new contracts to develop integrated wireless networks regionally for public safety, mass transit, and various commercial applications. The most recent contract awards will deliver wireless services for the New York City Transit, the Fire Department of New York, and the New York Police.
The new Pinnacle Wireless will unite UniTek’s powerful national presence and shared services platform with its own innovative range of technology solutions, including the capability of delivering “end-to-end” wireless solutions and services for an expansive customer base. The company plans on building upon its sterling reputation and success in the Northeast to grow its complete wireless lifecycle management and deployment expertise nationwide. UniTek aims to strengthen existing customer relationships and develop operations in major markets where the company already has an established presence in satellite and cable fulfillment operations. Coupled with this established presence, is a workforce of over 5,000 talented employees. Pinnacle Wireless expects to apply its scalability in the creation of new service offerings to address 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 its vehicles, website, and marketing materials. The company expects this transition to be seamless for existing Pinnacle Wireless customers, vendors, and employees.
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