xG Technology Inc. FCC tests passed by xVM and xAP (8165O)
25 Septembre 2013 - 2:30PM
UK Regulatory
TIDMXGT TIDMXGTU
RNS Number : 8165O
xG Technology Inc.
25 September 2013
September 25, 2013
xG Technology, Inc.
("xG", "xG Technology" or the "Company")
xG Technology xVM and xAP Cognitive Radio Networking Equipment
Pass FCC Testing
xVM Receives FCC Certification; xAP Awaiting Final Certification
Paperwork
xG Technology (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a
developer of wireless communications and spectrum sharing
technologies, is pleased to announce that its xVM(TM) and xAP(TM)
cognitive radio networking devices have passed U.S. Federal
Communications Commission (FCC) testing. The xVM (xMax Vehicle
Modem) has received FCC certification by way of a Grant of
Equipment Authorization. The xAP (xMax Access Point) is awaiting
final FCC certification paperwork, which is expected to be received
shortly. This completes all required FCC testing needed for xG to
sell and deliver xMax Cognitive Radio products to its
customers.
The xVM is the second xMax cognitive radio networking product to
receive FCC certification, following the xMod Mobile Hotspot that
was granted authorization on September 4, 2013.
The xVM is an IP67-rated ruggedized subscriber device that is
designed for use in or on vehicles and seamlessly connects
smartphones, tablets, notebooks and other devices to the Internet
via an xMax cognitive radio network. It is waterproof and can
withstand wide temperature ranges and challenging environmental
conditions. While primarily developed for vehicle usage, the xVM
may also be externally mounted in fixed locations like parks or
other outdoor areas to provide WiFi and wired Ethernet access for
use in monitoring, surveillance, machine-to-machine (M2M) and other
applications.
The xAP is a compact base station that communicates wirelessly
with xMod and xVM devices. The xMax xAP is an all-IP,
high-capacity, high-performance wireless access point that that
will deliver wide area coverage and reliability even when there is
significant interference. The xAP brings together innovative
technologies including software defined radio (SDR), cognitive
networking and 2x4 MIMO antennas in a compact and affordable
broadband access point. These capabilities enable the xAP to
deliver broadband throughput for fixed, nomadic and mobile
applications.
"We are extremely pleased to have the xVM so closely follow the
xMod in receiving FCC approval for commercial delivery and use,"
said John Coleman, CEO of xG Technology. "The xVM's rugged design
is well-suited for deployment in public safety, homeland security,
utilities and military applications. Now that all xMax radio
products have successfully passed FCC testing, we will soon deliver
product to customers, once we receive final certification paperwork
for the xAP in the coming few days."
The FCC requires that all telecom and radio communications
equipment meet minimum compliance standards before shipment to
customers. Production-ready xVM and xAP devices successfully passed
testing under standard Part 15 of FCC rules governing allowed
output power, harmonics and occupied bandwidth.
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 last-mile solution in a number of markets and applications. xMax
leverages 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, with a rural telecom
provider, and in an urban/suburban mobile data and VoIP network in
Fort Lauderdale, Florida.
END
Contacts
xG Technology, Inc. www.xgtechnology.com
John Coleman, Chief Executive
Officer +1 212 651 4219
Roger Branton, Chief Financial
Officer +1 212 651 4219
James Woodyatt, Investor
Relations +1 954 572 0395
Allenby Capital Limited www.allenbycapital.com
(Nominated Adviser and Joint
Broker)
Nick Naylor +44 20 3328 5656
Mark Connelly +44 20 3328 5656
First Columbus LLP (Joint www.first-columbus.com
Broker)
Chris Crawford +44 20 3002 2070
Fusion PR (Media and Analyst www.fusionpr.com
Relations)
David Worthington +1 212 651 4200
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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