SARASOTA, Fla., Nov. 9, 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, is pleased to announce that John Payne IV, president of its IMT USA business, has been name a recipient of
NewBay's 2017 Industry Innovator Awards, presented by
TV Technology. John was recognized for spearheading
the launch of newsnet, IMT Vislink's innovative high-speed
bidirectional multi-user IP-based ENG (Electronic News Gathering)
network solution.
Newsnet is an alternative IP-centric technology that goes beyond
cellular approaches to deliver a complete technological ecosystem.
It increases the number of live ENG transmissions and workflows
that can be performed from the field, allowing for higher
production values, lower operational costs and enhanced workflow
efficiency. Significantly, newsnet improves channel resilience by
leveraging secure, BAS-licensed spectrum and the dynamic allocation
of bandwidth to the most important transmissions.
NewBay's Industry Innovator Award winners are selected by a
panel of experts and evaluated on their professional achievements,
technical and business innovations and continuing influence within
their industries. John will be featured in TV
Technology, read by thousands of broadcast professionals in
the United States, around the
world and online.
"It's a pleasure to honor those who make such a difference in
their industries— innovating in technology and business while also
inspiring others," said NewBay Broadcast & Video Group Vice
President & Group Publisher Eric
Trabb. "The awards are designed to shine a spotlight on the
people behind the companies and technologies on which our
industries depend. We offer a heartfelt 'thank you' for their
contributions, and wish them continued success."
John Payne IV said, "It is an
honor to receive this award from NewBay, and I'm thankful for the
collaboration and dedication of the IMT Vislink team for the
successful launch of the newsnet system. We have a company-wide
commitment to bring to market innovations that positively impact
the broadcasting industry, and newsnet is one of the most exciting
developments I have been part of over my career."
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.