xG Technology Announces Pricing of Public Offering of Common Stock

April 16th, 2014

xG Technology Announces Pricing of Public Offering of Common StockIn a press release issued today, xG Technology announced the pricing of an underwritten public offering of 5,265,000 shares of common stock at a public offering price of $1.90 per share. The company expects to receive approximately $10,000,000 in gross proceeds, before underwriting discounts and commissions and offering expenses payable by the company. xG Technology has granted the representative of the underwriters a 45-day option to purchase up to 789,750 additional shares of common stock.

xG Technology intends to use the net proceeds received from the offering for general corporate purposes, including working capital, product development and fulfillment, marketing activities, expansion of internal sales organization, further development of sales channels, finalizing the transition to contract manufacturing production lines, and other capital expenditures.

The offering is expected to close on April 22, 2014, subject to customary closing conditions.

The entire press release can be viewed at the following link:

xG Technology Announces Pricing of Public Offering of Common Stock


Daniel Carpini
Marketing Director
xG Technology, Inc.

 

 

xG Technology Ships $1.75 Million of xMax Products and Services

April 11th, 2014

xG Technology Ships $1.75 Million of xMax Products and Services In a press release issued today, xG Technology announced that year-to-date in 2014, it has shipped $1.75 million of xMax cognitive networking equipment and engineering services to multiple customers. These shipments included the following: equipment specified in a signed test plan with Autonomous University of Nuevo Leon trial client; and to fulfill existing backlogged orders from xG customers.

In addition to being xG’s first international shipment, the product testing agreement with the University also represents a new vertical market application for xG's xMax mobile broadband network solution.

This evaluation by the University represents the first of three potential phases of xMax evaluation and deployment for its industrial client. The accompanying news release “xG Technology Announces Product Testing Agreement with Autonomous University of Nuevo Leon, Mexico” provides additional information.

“The University agreement shows that xG’s xMax system has broad appeal to international, as well as US, customers looking for innovative and cost-effective fixed and mobile connectivity for voice, video and data applications,” said John Coleman, CEO of xG Technology. “In addition to this, we are pleased to have made follow-on shipments, as well as initial deliveries, to customers in our backlog. Our fulfilment of existing order commitments demonstrates the success of the executional steps we have completed, including continued product development, the recruitment of talented senior staff and managers, production and network installation. Our customers’ continued confidence in, and need for, the unique capabilities that xG’s xMax networking solutions bring to their businesses is driving this incremental conversion of backlog into shipments and revenue, which is our key objective for 2014.”

The full press release can be read at the following link:

xG Technology Ships $1.75 Million of xMax Products and Services


Daniel Carpini
Marketing Director
xG Technology, Inc.
 

xG Technology to Exhibit and Demo at APCO 2014 Public Safety Expo

April 3rd, 2014

xG Technology to Exhibit and Demo at APCO 2014 Public Safety Expo xG Technology will be exhibiting at the APCO 2014 Conference and Expo. The event will take place Aug. 3-6, 2014 at the Ernest N. Morial Convention Center in New Orleans, LA. xG will be exhibiting in Booth #308. We will also be providing demonstrations of the xMax cognitive radio networking solution for the public safety sector during the event.

With more than 5,000 attendees and exhibitors, APCO’s Conference & Expo is the largest gathering of public safety communications professionals in North America. APCO brings together all the key players in the public safety communications industry. Attendees come from across the globe to meet with vendors, research new products, test out equipment first-hand and discover emerging technologies.

APCO International is the world’s oldest and largest organization of public safety communications professionals. It serves the needs of public safety communications practitioners worldwide by providing complete expertise, professional development, technical assistance, advocacy and outreach.

More information about APCO 2014 can be viewed at the following link:

APCO 2014

Daniel Carpini
Marketing Director
xG Technology, Inc.

 

 

xG Technology Featured in Urgent Communications Video from IWCE

March 25th, 2014

xG Technology Featured in Urgent Communications Video from IWCExG Technology was featured in a newsletter sent out today by Urgent Communications from the 2014 IWCE (International Wireless Communications Expo) show in Las Vegas. Donny Jackson, Urgent Communications editor, filmed a multi-part video demonstration of the xMax system conducted onsite. The xG team configured a complete rapid deployment communications system in a Hummer H1, including integrated satellite backhaul and a fully functional xMax communications network. During the event, xG will be conducting demos showing high-speed mobile communications supporting PTT, voice, video, web and data delivered to off-the-shelf smartphones, laptops and tablets.

Following are links to the video segments:

Link #1

Link #2

Link #3

Daniel Carpini
Marketing Director
xG Technology, Inc.

 

IWCE Officially Opens – Come See xG Exhibiting and Presenting

March 24th, 2014

IWCE Officially Opens   Come See xG Exhibiting and PresentingThe 2014 IWCE (International Wireless Communications Expo) has begun at the Las Vegas Convention Center. IF you're in town, come visit the xG team in booth #9070 on the exhibit floor on Wednesday and Thursday of this week. We will also have the xG H1 on hand and we'll be conducting demonstrations that show:

- High-speed mobile communications supporting PTT, voice, video, web and data delivered to off-the-shelf smartphones, laptops and tablets

- Support for all the devices and applications your first responders already use, without requiring new training or changes in SOP

- An integrated rapid deployment communications system, complete with integrated satellite backhaul and a fully functional xMax communications network

xG's Vice President of Marketing, Rick Rotondo, has been invited to present at the event. Rick will be speaking at the following session:

Industry Sessions: Public Safety Track #TH15

Thursday, March 27, 11:15 am – 12:30 pm

Title: "The Evolving Connected Public Safety Officer: The Coolest Gear, the Latest Tech"

Session Description: Explore some of the new devices and accessories available to public safety and how these can make the job easier and safer. From public safety apps, tablets and the newest gadgets, get the scoop on the latest transformative advancements that keep public safety connected.

Daniel Carpini
Marketing Director
xG Technology, Inc.


 

xG Technology to Exhibit at Texas Communications Expo

March 24th, 2014

xG Technology will be exhibiting at the Texas Communications Expo 2014, taking place April 1-4, 2014 at the Belton County Expo Center, Belton, TX.

The event is a leading venue for rural telcos located in the southwest. TCEI is involved in the promotion, advancement, development and dissemination of knowledge and information relating to the communications industry. The Expo provides vendors from across the nation and around the world an opportunity to present their products and services to operating companies engaged in the business of providing telecommunication services to end users. xG's Regional Territory Director, Jason Cohen, will be on hand to discuss how the xMax cognitive radio system can provide a high-quality fixed/mobile VoIP, text and broadband solution over a single network to rural users.

Daniel Carpini
Marketing Director
xG Technology, Inc.