SARASOTA, Fla., July 17, 2017 /PRNewswire/ -- xG Technology, Inc.
("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading provider
of wireless video solutions to broadcast, law enforcement and
defense markets, and private mobile broadband networks for critical
communications, announced today that its Vislink business has
received orders worth approximately $1
million for its HCAM HEVC (High Efficiency Video Coding) 4K
Wireless Camera Systems for deployment in China. The orders are part of global
pre-orders exceeding over $2.5
million received by Vislink for its latest wireless camera
technology.
The Vislink HCAM, which was unveiled at NAB 2017, represents the
next generation of HEVC 4K UHD wireless transmitters capable of
supporting premium live broadcast events. These orders, which were
placed by a key Vislink value-added reseller in the region, are for
multiple systems and represent the latest in Vislink's long history
of supplying equipment to the China market, which dates back 15 years. The
delivery of all systems is expected to take place by the end of
2017.
The Vislink HCAM systems will be at the forefront of a migration
from existing H.264 technology to HEVC and low-latency 4K UHD for
wireless camera systems expected to take place in China.
"This HCAM pre-order further emphasises market confidence in
Vislink leading the development of next generation wireless camera
systems," said James Walton,
president of IMT, Ltd. and head of all IMT and Vislink business
operations outside of the Americas.
"Vislink have received in excess of $2.5
million worth of pre-orders globally for the latest in
wireless camera technology," said David
Robins, global sales director for Vislink. "With real-time
testing taking place this coming week, we are really excited about
rewarding our customers and partners for their continued commitment
and confidence in the Vislink brand."
"Our engineering teams have a passion for new technology, and
HCAM proudly represents the first in a range of next-generation
HEVC 4K Wireless Camera Systems designed with the customer in
mind," said Ashley Jackson, vice
president of engineering for Vislink. "The HCAM design philosophy
was to take the current industry standard products L1700,
ClipOn4 and Campack2, and make something better.
Needless to say, I am extremely pleased with the outcome of our new
flagship product."
About xG Technology, Inc.
xG Technology's brands provide wireless video solutions to
broadcast, law enforcement and defense markets, and private mobile
broadband networks for use in challenging environments. xG's brand
portfolio includes Integrated Microwave Technologies (IMT),
Vislink, and xMax.
IMT has pioneered advanced digital microwave systems and is a
trusted supplier to broadcast, sports and entertainment, and MAG
(Military, Aerospace & Government) markets. Their products are
recognized for their high level of performance, reliability, build
quality, extended operating ranges and compact form factors. More
information about IMT can be found at www.imt-solutions.com.
Vislink specializes in the wireless capture, delivery and
management of secure, high-quality, live video, and serves
broadcast & media and public safety & surveillance markets.
More information about Vislink can be found at
http://www.vislink.com/.
xMax is a secure, rapid-deploy mobile broadband system that
delivers mission-assured wireless connectivity in demanding
operating environments. It was designed to serve as an
expeditionary and critical communications network for use in
unpredictable scenarios and during fluid situations, making it
ideal for disaster response, emergency communications, and defense
applications. More information about xMax can be found at
http://www.xgtechnology.com/system-overview/. In addition to the
above business lines, xG has a dedicated Federal Sector Group (xG
Federal) focused on providing next-generation spectrum sharing
solutions to national defense, scientific research and other
federal organizations. Additional information about xG Federal can
be found at http://www.xgtechnology.com/technology/xg-federal/.
Based in Sarasota, Florida, xG
Technology has over 100 patents and pending patent applications. xG
is a publicly traded company listed on the NASDAQ Capital Market
(symbol: XGTI) 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
xG Technology:
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com
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SOURCE xG Technology, Inc.