SARASOTA, Fla., Sept. 30, 2016 /PRNewswire/ -- xG Technology,
Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leader in
providing critical wireless communications for use in challenging
operating environments, announced that its Special Meeting of
Stockholders to be held on October 3,
2016 was adjourned to October 7,
2016 at 9:00 a.m. EDT at the
Company's offices at 7771 West Oakland Park Blvd., Suite 225,
Sunrise, FL 33351 to allow
additional time for the stockholders to vote on the proposal set
forth in the Company's proxy statement filed with the Securities
and Exchange Commission ("SEC"), which is available at:
www.cstproxy.com/xgtechnology/sm2016.
During the period of the adjournment, the Company will continue
to solicit proxies from its stockholders with respect to the
proposals set forth in the Company's proxy statement. Proxies
previously submitted in respect of the meeting will be voted at the
adjourned meeting unless properly revoked.
The Company encourages all stockholders who have not yet voted
to do so before October 6, 2016 at
11:59 p.m. EDT.
The beneficial stockholders who need assistance in submitting
your proxy or voting your shares of our Common Stock, or need
additional copies of the Proxy Statement or the enclosed proxy
card, please contact Laurel Hill Advisory Group, LLC.
Laurel Hill Advisory Group, LLC
2 Robbins Lane, Suite 201, Jericho,
NY 11753
(516) 933-3100
The Company's proxy statement and any other materials filed by
the Company with the SEC remain unchanged and can be obtained free
of charge at the SEC's website at www.sec.gov.
About xG Technology, Inc.
Founded in 2002, xG Technology has created a broad portfolio of
intellectual property that enables always-available,
always-connected and always-secure voice, broadband data and video
communications. The company is the developer of xMax, a patented
all-IP software-defined cognitive radio network that delivers
mission-assured wireless connectivity in any RF environment. xMax
provides a solution to the challenges of interoperability,
survivability and flexibility in expeditionary and critical
communications networks. xMax can be deployed as fixed or mobile
infrastructure to enhance and integrate seamlessly with legacy
communications systems, both private and commercial. Access and
priority can be controlled, and in the event of congestion, failure
or denial of access to commercial networks, xMax provides a fully
secure, scalable, private and highly resilient network for
essential communications – all at zero bandwidth cost.
xMax incorporates advanced optimizing technologies that include
spectrum sharing, interference mitigation, multiple-input
multiple-output (MIMO) and software defined radio (SDR). These and
other technologies make xMax ideal for wide area, as well as rapid
emergency communication deployment in unpredictable environments
and during fluid situations. xG offers solutions for numerous
industries worldwide, including military, emergency response and
public safety, telemedicine, urban and rural wireless broadband,
utilities, and critical infrastructure.
xG's Integrated Microwave Technologies (IMT) business unit
further supports xG's military and public safety customers with its
mission-critical wireless video solutions. IMT is a leader in
advanced digital microwave systems and a provider of engineering,
integration, installation and commissioning services serving the
MAG (Military, Aerospace & Government), broadcast, and sports
& entertainment markets. IMT's product lines include
digital broadcast microwave video systems and compact microwave
video equipment for licensed and license-free applications. More
information on IMT can be found at www.imt-solutions.com.
Based in Sarasota, Florida, xG
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:
Media Relations
Daniel
Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/xg-technology-announces-adjournment-of-special-meeting-300337506.html
SOURCE xG Technology, Inc.