SARASOTA, Fla., Sept. 16, 2013 /PRNewswire/ -- xG
Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW; AIM:
XGTU.L, XGT.L), a developer of wireless communications and spectrum
sharing technologies, today announced that it has deployed xMax
equipment for a beta network to be operated in cooperation with
NEFCOM, the local Internet and telecom service provider. xG
will use the beta network to validate various features and
capabilities of the xMax system, including range, throughput,
mobile hand-off, software updates and other key features. The
network will also demonstrate that xG's patented interference
mitigation technology enables reliable operation of carrier-grade
wireless broadband networks in shared, licensed and unlicensed
frequencies.
The deployment consists of multiple xMax xAP wireless access
points installed in two separate locations to provide broadband
data and voice coverage to the downtown areas of Macclenny and Glen
St. Mary in northern Florida. End users, selected from
the employees and customers of NEFCOM will use the xMax system for
a wide variety of applications.
"The deployment of the beta network is a major milestone and is
the result of ongoing efforts and innovations from the xG team,"
said John Coleman, CEO of xG
Technology. "It will provide us with valuable real-world feedback
on the end-to-end performance of the system, as well as from
end-users as they put it to use in their daily activities. We look
forward to working with NEFCOM, and appreciate their contribution
of network connectivity, technical support and customer
access."
xMax is a comprehensive fixed and mobile broadband solution that
is designed for rapid deployment and low operating costs. It offers
a carrier-grade user experience and can serve as a network backbone
or last-mile solution for a number of markets and applications.
xMax leverages Software Defined Radio (SDR) and Cognitive
networking technology that enables efficient sharing of both
licensed and unlicensed spectrum.
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.
For More Information:
David Worthington
Fusion PR (Media and Analyst Relations)
www.fusionpr.com
(212) 651-4200
James Woodyatt
xG Technology, Inc (Investor Relations)
www.xGtechnology.com
(954) 572-0395
SOURCE xG Technology, Inc.