xG Technology Inc. FCC certification of xMod granted (4722N)
September 09 2013 - 8:00AM
UK Regulatory
TIDMXGT TIDMXGTU
RNS Number : 4722N
xG Technology Inc.
09 September 2013
xG Technology xMod Cognitive Radio Networking Equipment Receives
FCC Certification
First of Three xMax Products in FCC Testing to Achieve
Certification for Nationwide Deployment and Sale
Sarasota, Fla.- September 9, 2013- xG Technology, Inc. ("xG" or
the "Company") (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a
developer of wireless communications and spectrum sharing
technologies, is pleased to announce that its xMod mobile hotspot
has received U.S. Federal Communications Commission (FCC)
certification to allow for nationwide distribution and sale in the
U.S.
The xMod is a mobile hotspot device that seamlessly connects
WiFi, USB or Ethernet-enabled smartphones, tablets, notebooks and
other devices to the Internet as well as voice networks through
xG's xMax cognitive radio network. The xMax network is a
comprehensive fixed and mobile broadband solution that gives
service providers the capacity to share spectrum. xMod has been
designed to meet the demands of a wide range of applications
including rural broadband, machine to machine (M2M) and enterprise
networks.
The FCC requires that all telecom equipment and radio
communication equipment meet minimum compliance standards before
they can be legally marketed and sold. Production-ready xMod
devices were tested and certified under standard Part 15 of FCC
rules governing allowed output power, harmonics and occupied
bandwidth. They received FCC approval through the agency's Grant of
Equipment Authorization procedures that ensure regulatory
compliance.
"Receiving FCC certification for the xMod is significant
achievement and final step in the commercial availability of this
breakthrough product," said Scott Garlington, Vice President of
Engineering for xG Technology. "It provides further validation that
our software and hardware are working as designed and in accordance
with FCC guidelines for commercially available products. We also
believe that this is a very positive indicator for the remaining
xMax products currently undergoing FCC testing, and look forward to
their upcoming certification as well. "
xMax is designed for rapid deployment and low operating costs.
It offers a carrier-grade user experience and can serve as a
network backbone or a last-mile solution in multiple markets and
applications. xMax leverages Software Defined Radio (SDR)
technology that enables it to exploit licensed, unlicensed and
shared spectrum. The Company's products have been tested and
trialed at two U.S. Army bases, a rural telecom provider, and in an
urban/suburban mobile data and VoIP network in Fort Lauderdale,
Florida.
END
Contacts
xG Technology, Inc. www.xgtechnology.com
John Coleman, Chief Executive
Officer +1 212 651 4219
Roger Branton, Chief Financial
Officer +1 212 651 4219
James Woodyatt, Investor
Relations +1 954 572 0395
Allenby Capital Limited www.allenbycapital.com
(Nominated Adviser and Joint
Broker)
Nick Naylor +44 20 3328 5656
Mark Connelly +44 20 3328 5656
First Columbus LLP (Joint www.first-columbus.com
Broker)
Chris Crawford +44 20 3002 2070
Fusion PR (Media and Analyst www.fusionpr.com
Relations)
David Worthington +1 212 651 4200
ABOUT XG TECHNOLOGY
xG Technology, Inc. develops a broad portfolio of intellectual
property to make wireless networks more intelligent, accessible,
affordable and reliable. The company has created xMax, a patented
all-IP cognitive radio technology that enables spectrum sharing.
xMax can solve the crisis facing the wireless industry caused by
data-hungry devices and applications that are straining network
capacity. It eliminates the need to acquire scarce and expensive
licensed spectrum, thus lowering the total cost of ownership for
wireless broadband access. xG's goal is to help wireless broadband
network operators make more efficient use of their spectrum
allocations and to create new opportunities for innovation in
unlicensed spectrum. The xMax cognitive radio system incorporates
advanced optimizing technologies that include spectrum sharing,
interference mitigation and self-organizing networks. xG offers
solutions for numerous industries worldwide, including urban and
rural wireless broadband, utilities, defense, emergency response
and public safety.
Based in Sarasota, Florida, xG has over 60 U.S. and over 140
international patents and pending patent applications, and its
technology is available for licensing in both domestic and foreign
markets. xG is a publicly traded company listed on the NASDAQ
Capital Market and on the London Stock Exchange's Alternative
Investment Market (AIM). On the NASDAQ, xG common stock is traded
under the symbol XGTI and xG warrants are traded under the symbol
XGTIW. On the AIM, xG's unrestricted shares trade under the stock
symbol XGTU.L and xG's restricted 'Reg S' shares trade under the
stock symbol XGT.L.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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