Commenting on the announcement, Mr. Grubman said, "I am pleased to join the board of directors of MBTH. I look forward to working with and advising xG Technology, as well as the opportunity to work with George Schmitt, who is one of the most highly respected leaders in the wireless industry. I see a lot of tech business plans that attempt to solve problems that don't exist. In contrast, xG has leading-edge products, solutions and capabilities in cognitive radio that solve a very real and growing concern. Everyone realizes that the demand for wireless spectrum capacity is outstripping its supply. If unresolved, this problem may cause issues such as increased interference, dropped calls and slow data rates. xG will allow more of this traffic to flow on unlicensed spectrum or eventually over spectrum shared between operators. The explosive proliferation of bandwidth-consuming devices will only accelerate the need for the cognitive radio technology xG is pioneering."
Commenting on the announcement, George Schmitt, xG Director and CEO of MB Technology Holdings, said, “We are very pleased that Jack Grubman has accepted our offer to join the MBTH board. It is truly gratifying that such a prominent telecom industry veteran not only recognizes the game-changing potential of xG’s solution from a business and technology perspective, but is also anxious to get directly involved in propagating these solutions throughout the wireless ecosystem.”
Jack Grubman's bio can be viewed here.
The full press release can be viewed at this link.
xG Technology, Inc.