PCTEL, Wider settle dispute

Bloomingdale-based PCTEL Inc., a propagation and wireless network optimization solutions firm, announced it has settled an intellectual property dispute with Wider Networks.

Under the terms of the agreement, PCTEL has acquired the two patents underlying Wider Networks' products. PCTEL also acquired exclusive distribution rights to Wider's product portfolio and will incorporate Wider's products into PCTEL's product portfolio.

Wider Networks will receive total consideration of $1.2 million for its patents and the distribution rights to its products. Wider Networks will continue to design, develop and manufacture the Wider products that PCTEL will distribute.