AZ-PCT-INTERNATIONAL
16.11.2021 22:00:08 CET | Business Wire | Press release
PCT has appointed new members to their winning team to guide resurgence within the global broadband markets. PCT’s new strategic executive partners (Steven Karaffa and Conrad Plomin) bring a wealth of experience to capitalize on the existing IP, industry-leading technological innovations, market service, and development successes.
The company officially emerged from Chapter 11 following the confirmation of the company's reorganization plan by the Arizona Bankruptcy Court that presided over the case. The impact of PCT’s IP theft cost burden, the COVID-19 pandemic, and the increased tariff and freight costs presented the option to restructure and rebuild a stronger company and team to drive increased share gains now and in the future.
"Our team and the recent additions have successfully guided PCT through a large and complex restructuring," said Steve Youtsey, CEO. "The recent success and growth of PCT is a testament to the team's commitment to solving difficult problems through innovation, dedication, and hard work."
Steven Karaffa , former President and CEO of Corning Gilbert restructured and restored profitability at this global coaxial and microwave connector business. He also has led several other turnarounds in the telecom and renewable markets. Coming on board as a Strategic Advisor, Steven is known for his results and process-driven approach to technological businesses like PCT’s. "While at Corning, PCT was an aggressive and strong competitor in the broadband RF connectivity, amplifier and optical node world. With that foundation, we plan to drive an aggressive and profitable sales plan with the goal of restoring PCT to a leadership position in the global broadband market," Steven said.
Conrad Plomin is the President of Sunbelt Capital Corporation. Conrad has acted as both a direct senior lender and as an intermediary during his career as a commercial and investment banker. He has successfully accessed the traditional sources of capital as well as alternative sources in the capital markets. Since its inception in 1990 Sunbelt has assisted numerous corporate clients with raising well over $4 billion of debt financing. "PCT is now well-positioned to take advantage of clear opportunities in the marketplace and I look forward to helping the Company with returning to its dominant position in the coaxial connector sector," Conrad said. Conrad will lead the post-confirmation funding process for PCT.
"The addition of Steve and Conrad will enhance strategic guidance, leadership, and precise execution moving forward," added Mr. Youtsey. PCT’s Financial Advisor Chris Linscott stated that "knowing the inner workings of the company and its historic strengths, I am confident that PCT will continue to rebound quickly and I look forward to working with Steve and Conrad."
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/ .
View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006348/en/
About Business Wire
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
SBC Medical Initiates Development of a DNA Methylation Test to Estimate Biological Age22.10.2026 15:00:00 CEST | Press release
Leveraging the Waqoo Group’s research and technology ecosystem to establish a new personal baseline for proactive health and longevity SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“The Company” or “SBC Medical”), a Medical Services Organization (MSO) providing management support across a wide range of healthcare fields, today announced that it has commenced in-house development of a test designed to estimate an individual’s biological age using DNA methylation analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261022474590/en/ SBC Medical Initiates Development of a DNA Methylation Test to Estimate Biological Age Development will be led by the Company’s AI and longevity-focused subsidiary, SBC AI Longevity Innovation, Inc. The initiative will leverage the regenerative medicine research and technology base established by Waqoo, Inc. (TOKYO: 4937), a consolidated subsidiary of SBC Medical, and its subsidiary Cel
Lenovo Expands AI Library with Proven, Validated Use Cases to Accelerate Business Outcomes and Drive Greater Value Per Token22.10.2026 15:00:00 CEST | Press release
New enterprise AI use cases and research findings show how organizations can move from AI experimentation to measurable value up to 24x faster1 while improving the economics of AISignal65 analysis shows how enterprise customers can lower cost per token by up to 70% at full utilization with on-premises Lenovo Hybrid AI Factories compared to hyperscale API pricing4 Lenovo today expanded the Lenovo AI Library with new, validated AI use cases, extending its portfolio of enterprise-ready solutions that can help organizations move from AI experimentation to measurable business outcomes up to 24x faster1 than custom-built implementations. Now available through the Lenovo AI Library, the added use cases provide proven starting points to accelerate AI deployments and realize returns from investments sooner. Alongside the expansion, new research conducted by The Futurum Group and Signal65 validates how Lenovo’s AI Library, infrastructure and services can help enterprises optimize AI economics fo
Follow-on Order Brings Orders from INNIO Data Center Customer to 1.72 GW, Further Strengthening INNIO’s Data Center Backlog and Revenue Visibility22.10.2026 14:30:00 CEST | Press release
Customer also signs long-term full maintenance agreement for first 500 MW, expanding INNIO’s recurring services base. INNIO N.V. (Nasdaq: INIO) today announced a 620 megawatt (MW) follow-on order from a leading developer and operator of mega-scale data center campuses in the U.S. Together with the customer’s 1.1 gigawatt (GW) order announced in July 2026, the new order brings cumulative orders from the customer to approximately 1.72 GW, further strengthening INNIO’s order backlog and visibility into future revenues. “This follow-on order, coming just months after the customer’s initial 1.1 GW order, underscores the strength of customer demand and continued confidence in INNIO. Our containerized Jenbacher solutions deliver what data centers need most: fast deployment, high power density, fuel efficiency, and the performance to support demanding AI workloads,” said Dr. Olaf Berlien, President and CEO of INNIO. “Repeat orders of this scale, combined with long-term service agreements, stre
European Public Transport Budgets Require 36% Annual Spending Increase by 2035, Arthur D. Little and Polis Research Finds22.10.2026 14:30:00 CEST | Press release
Europe’s public transport sector currently accounts for €130 billion in annual expenditure, yet faces a growing funding gap as demand rises and environmental and resilience requirements intensify. New research from Arthur D. Little (ADL)’s Future of Mobility Lab and POLIS, a network of European cities and regions collaborating to develop innovative and sustainable urban transport solutions, outlines the scale of this financial shortfall and provides radical recommendations for overcoming it. Based on research with senior transport and policymakers, in-depth literature reviews, and real-world data from Paris, London, Amsterdam, Berlin and New York, the report estimates that additional spending will require a 36% increase in overall annual expenditure from now to 2035 onwards. This is made up of a 13% rise in operating expenditure (OPEX) and 56% in capital expenditure (CAPEX), driven by: Hidden debt caused by historic underinvestment in existing infrastructure (6% of additional funding n
Hitachi Report Examines Readiness for Physical AI in Industrial Companies22.10.2026 14:00:00 CEST | Press release
AI adoption progress, trends, and emerging priorities suggest opportunities and challenges for physical AI acceleration Hitachi, Ltd. (TSE:6501, "Hitachi") announced the release of its physical AI survey-based research report, Beyond the Pilot: Industry’s Physical AI Progression. The company surveyed over 200 global decision-makers from organizations operating in mission-critical industrial sectors including energy, manufacturing, transportation and logistics. The report explores how businesses today adopt AI in industrial use-cases, where they see the greatest value, and what it will take to scale toward physical AI deployments. Readers will gain practical insights on how to accelerate AI adoption while improving competitiveness, productivity, and long-term business performance. After successfully transforming knowledge work, AI is now entering the physical systems that form society’s backbone: energy, industrial, and mobility infrastructure, to name a few. Given these systems’ reliab
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