SARASOTA, Fla., Sept. 3, 2013 /PRNewswire/ -- xG
Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW; AIM:
XGTU.L, XGT.L), a developer of wireless communications and spectrum
sharing technologies, today announced that it has completed a
production run of xMax® cognitive mobile broadband networking
equipment. The equipment was completed in-house to validate circuit
board assemblies from key contract suppliers, final assembly,
configuration and testing methods prior to releasing volume build
orders to other contract manufacturers. The units produced
will be used to support an upcoming beta network deployment, as
well as for sales demonstrations to new and existing xG
customers.
Successful manufacture of these devices has enabled xG to
perform in-depth quality assurance testing on all phases of
production and refine the build process to ensure field-ready
reliability.
"Completing this production run of xMax equipment corroborates
the confidence we have in our product and supply-chain quality,"
said John Coleman, CEO of xG
Technology. "Achievement of this vital step in readying our xMax
cognitive mobile broadband solution for widespread commercial
distribution also serves the dual purpose of helping to ensure xG's
products meet the exceptional quality and usability expectations of
our customers."
xMax is a comprehensive fixed and mobile broadband solution that
is designed for rapid deployment and low operating costs. It offers
a carrier-grade user experience and can serve as a network backbone
or a last-mile solution in a number of markets and applications.
xMax leverages Software Defined Radio (SDR) technology that enables
it to exploit licensed, unlicensed and shared spectrum. The
Company's products have been tested and trialed at two U.S. Army
bases, at rural telecom provider, and in an urban/suburban mobile
data and VoIP network in Fort Lauderdale,
Florida.
About xG Technology
xG Technology, Inc. develops a broad portfolio of intellectual
property to make wireless networks more intelligent, accessible,
affordable and reliable. The company has created xMax, a
patented all-IP cognitive radio technology that enables spectrum
sharing. xMax can solve the crisis facing the wireless industry
caused by data-hungry devices and applications that are straining
network capacity. It eliminates the need to acquire scarce and
expensive licensed spectrum, thus lowering the total cost of
ownership for wireless broadband access. xG's goal is to help
wireless broadband network operators make more efficient use of
their spectrum allocations and to create new opportunities for
innovation in unlicensed spectrum. The xMax cognitive radio system
incorporates advanced optimizing technologies that include spectrum
sharing, interference mitigation and self-organizing networks. xG
offers solutions for numerous industries worldwide, including urban
and rural wireless broadband, utilities, defense, emergency
response and public safety.
Based in Sarasota, Florida, xG
has over 60 U.S. and over 140 international patents and pending
patent applications, and its technology is available for licensing
in both domestic and foreign markets. xG is a publicly traded
company listed on the NASDAQ Capital Market and on the London Stock
Exchange's Alternative Investment Market (AIM). On the NASDAQ, xG
common stock is traded under the symbol XGTI and xG warrants are
traded under the symbol XGTIW. On the AIM, xG's unrestricted
shares trade under the stock symbol XGTU.L and xG's restricted 'Reg
S' shares trade under the stock symbol XGT.L.
For more information, please visit www.xgtechnology.com.
Cautionary Statement Regarding Forward Looking
Statements
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature and constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements reflect the Company's
expectations about its future operating results, performance and
opportunities that involve substantial risks and
uncertainties. These statements include but are not
limited to statements regarding the intended terms of the offering,
closing of the offering and use of any proceeds from the offering.
When used herein, the words "anticipate," "believe," "estimate,"
"upcoming," "plan," "target", "intend" and "expect" and similar
expressions, as they relate to xG Technology, Inc., its
subsidiaries, or its management, are intended to identify such
forward-looking statements. These forward-looking statements are
based on information currently available to the Company and are
subject to a number of risks, uncertainties, and other factors that
could cause the Company's actual results, performance, prospects,
and opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements.
For More Information:
David Worthington
Fusion PR (Media and Analyst Relations)
www.fusionpr.com
(212) 651-4200
James Woodyatt
xG Technology, Inc (Investor Relations)
www.xGtechnology.com
(954) 572-0395
SOURCE xG Technology, Inc.