SARASOTA, Fla., Feb. 21, 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, today announced that James
Walton has been appointed president of IMT Ltd., the new
legal entity created by the acquisition of Vislink by xG. Mr.
Walton, who previously served as the Chief Executive Officer of
Vislink, will assume responsibility for the management of Vislink
offices located in the United
Kingdom, and all IMT and Vislink business operations outside
of the Americas. This includes the sale of all current IMT and
Vislink products in those areas. Mr. Walton has also been appointed
a corporate officer of xG Technology.
John Payne IV, who previously
served as president of the IMT division of xG Technology, will now
serve as president of IMT USA,
with responsibility for all IMT and Vislink business operations in
the Americas, including the sale of all current IMT and Vislink
products in those areas.
John Coleman remains president of
xG Technology's Federal business unit. Messrs. Walton, Payne and
Coleman will report directly to George
Schmitt, and their operations will also be under the purview
of Roger Branton, CFO of xG
Technology.
George Schmitt, Executive
Chairman and CEO of xG Technology, said, "We are pleased that
James Walton will be spearheading
our efforts to promote our best-in-class video capture, transmit
and management solutions to broadcast, sports and entertainment,
and mission-critical public safety and defense sectors around the
world. At the same time, John Payne
and his team at IMT will now have at their disposal expanded
product capabilities to deliver innovative solutions to customers
in North and South America."
James Walton said, "I am grateful
for the opportunity to help drive the next phase of growth for
Vislink and IMT products in global markets. The addition of the IMT
range of products to Vislink's offerings will enable the delivery
of comprehensive, highly targeted solutions to our existing and
prospective clientele that concretely address their business and
mission challenges."
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. Their focus
is delivering communications technologies that provide enhanced
levels of reliability, mobility, performance and efficiency to
customer business operations and missions. 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. xMax was specifically designed to serve as
an expeditionary and critical communications network for use in
unpredictable scenarios and during fluid situations. This makes it
a compelling solution for disaster response, emergency
communications, and defense applications. More information about
xMax can be found at http://www.xgtechnology.com/products/.
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. The xG Federal
business unit leverage xG's extensive portfolio of patented RF
communications technologies to engage in collaborative research and
development projects. 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:
Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035
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SOURCE xG Technology, Inc.