MILLVILLE, N.J., Sept. 24, 2018 /PRNewswire/ -- xG
Technology, Inc. ("xG" or the "Company" (Nasdaq: XGTI, XGTIW),
whose brands are recognized as the global leaders in live video
communications in the broadcast, law enforcement and defense
markets, announced that its IMT Vislink was the featured provider
of onboard video technology at the 2018 MotoAmerica Championship of
New Jersey superbike racing event that was held September 7th-9th at New
Jersey Motorsports Park, Millville,
NJ. The race was broadcast nationwide on the beIN Sports
Network. Video showing footage taken by the Vislink onboard system
can be viewed at this link, while the entire race video can be
viewed at this link. Images from the event can be viewed here.
MotoAmerica is the premier motorcycle racing series in the U.S.
Under the guidance of its president (and former MotoGP® world
champion) Wayne Rainey, its mission
is to raise the profile of motorcycle road racing in the U.S., and
to ultimately send its riders to compete in top-level international
MotoGP championships.
"We are pleased to be involved with the MotoAmerica racing
series," said Raj Kotecha, Vice President of Strategic Accounts for
Vislink. "It is a thrill for us to work with Wayne Rainey, and we look forward to supporting
his efforts to raise the profile of this exciting race series
throughout the U.S. For this event, we showcased an ultra-compact
version of our established MDR (Modular Diversity Receive) system
that we have successfully deployed at MotoGP and numerous other
top-tier sporting events around the world for over a decade. We
would also like to thank beIN Sports and Dorna Sports, our longtime partner in producing
high-quality, customized racing coverage systems for MotoGP events,
for helping make this participation with MotoAmerica possible."
The MotoGP racing series is the premier level of motorcycle
racing in the world. It features many of the fastest riders and
most innovative motorcycle technology. MotoGP events are carried by
over 100 broadcasters and are seen by over 400 million viewers
around the world. Vislink has enjoyed a long-standing relationship
with MotoGP and is their official RF systems supplier, providing
onboard, aerial and pitlane camera transmission and receive
systems. It was at the 2015 UK MotoGP World Championship that
Vislink delivered the world's first 4K UHD live wireless transmission.
About xG Technology, Inc.
xG Technology's IMT and Vislink brands are recognized as the
global leaders in live video communications and are trusted
suppliers to tier-1 customers in broadcast/sports/entertainment,
and law enforcement/public safety/defense markets. Their products
have been engineered to deliver elevated levels of performance,
reliability, build quality, extended operating ranges and compact
form factors. In the broadcast, sports and entertainment sectors,
IMT and Vislink provide high-definition communication links to
reliably capture, transmit and manage live event footage. In the
law enforcement, public safety & defense markets, IMT and
Vislink provide secure video communications and mission-critical
solutions to local, national and international agencies and
organizations. More information can be found at
www.imt-solutions.com and www.vislink.com.
Based in Sarasota, Florida, xG
Technology has over 80 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
Investor Relations:
John
Marco
CORE IR
516-222-2560
johnm@coreir.com
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SOURCE xG Technology, Inc.