SARASOTA, Fla., Jan. 4, 2018 /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 valued in excess of
$1 million from France-based AMP VISUAL TV ("AMP"), a leading
European provider of outside broadcasting (OB) services. Equipment
covered under the order includes Vislink HCAM 4K UHD systems, UltraReceivers, L1700's, L2174's
and FocalPoint camera control equipment to provide wireless camera
transmission.
The hardware will be deployed at many events across the world,
including the PyeongChang 2018 Winter Olympics in South Korea, the 2018 World Cup in
Russia and the 2018 24 Hours of
LeMans automobile racing event. Delivery of the equipment is
expected to commence January
5th, 2018.
Vislink and AMP have a long history of working together, dating
back to the first iterations of wireless radio cameras. AMP has
already invested heavily in Vislink L1700's and L2174 platforms,
and this new order brings their investment in Vislink equipment to
unprecedented levels.
Rob King, European Sales Director
for Vislink, said, "AMP approached us to provide a quick turnaround
delivery on additional L1700 kits for early 2018 productions. I'm
proud to announce that we signed the deal valued in excess of
$1 million for new hardware,
including L1700's plus our new 4K
capable HCAM and UltraReceivers with a considerable amount of our
FocalPoint camera control technology. We've worked hard over the
past few years to improve our camera control technology, and this
decision by AMP to invest in it demonstrates our success."
Stephane Alessandri, Head of RF
Department & International Operations at AMP, stated, "Our
recent further investment into Vislink hardware builds upon a long
relationship between the two companies. This new hardware will be
used in the future to underpin our global productions in delivering
the very best in wireless video, now including low-latency
4K UHD. We have also made a major
investment into Vislink's FocalPoint camera control system which we
look forward to deploying in 2018."
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.
About AMP Visual TV
As a specialist in TV coverage, AMP VISUAL TV provides complete,
end-to-end services for live and on-location television
productions. It has at its disposal one of the most extensive
European fleets of OB (outside broadcasting) vans for filming on
location, and over 40 studios in the Paris region, including eight with fixed video
systems. AMP VISUAL TV is recognized as a pioneer in new
technological applications such as HD OB vans, 3D film,
4K, digital RF, streaming, web
server, Media Centre and VR360. It produces 18,000 hours of
programs per year, notably for game shows, variety shows,
entertainment shows and news and lifestyle shows, and is
particularly visible in live performance, special events and
sports, especially motor sports, with the latter being its
specialty on an international scale. The company has a team of 500
permanent employees, with offices in Metz, Lyon, Cannes,
Toulouse, Nantes, Paris and Sables d'Olonne in France, as well as in Casablanca (Morocco), Abidjan (Ivory
Coast) and Wavre (Belgium).
For more information, visit www.ampvisualtv.tv/en/.
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.