SARASOTA, Fla., Oct. 26, 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 an order worth $400,000 for
ten HEVC (High Efficiency Video Coding) 4K UHD HCAM wireless camera
systems from Dartford, UK-based
Broadcast RF Ltd. ("BRF"), a leading hire company for
microwave and wireless camera hardware. The order brings BRF's
total investment in Vislink HEVC wireless camera technology to over
$1,000,0000 in the last six months.
This additional investment makes BRF the current largest single
holder of HCAM systems in the world with 28 systems.
The order follows a recent announcement of a $535,000
order for Vislink 4K HCAM systems from NEP UK that will be
used at the Winter Olympics in South
Korea in February 2018 and at
The Commonwealth Games in Australia in August
2018.
"This additional commitment from BRF further solidifies our
valued relationship and continues to highlight the market
confidence in the HCAM with booked pre-orders now over $3 million," stated James
Walton, president of IMT, Ltd. and head of all IMT and
Vislink business operations outside of the Americas.
The Vislink HCAM represents the next generation of HEVC 4K UHD
wireless transmitters capable of supporting premium live broadcast
events, and continues Vislink's tradition of innovative,
high-performance wireless camera systems. HCAM permits 4K UHD
wireless video with a 70ms latency via Vislink's world- leading RF
modulation.
Robert King, BRF account manager
for Vislink, said, "BRF have been involved in the HCAM project from
the beginning, and their practical experience and advice has been
fed into the design of this world-class product. I'm positive this
next generation of wireless transmitters will deliver extraordinary
live event content."
Chris Brandrick, BRF Commercial
Director, said: "We are now officially ready for 2018. We
believe we now have the capacity to fulfil any future UHD wireless
camera requirement both domestically and globally. This is a very
exciting step in technology for us."
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 high levels 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.