xG Technology Receives Order from Airogistic, LLC for xMax Cognitive Radio
Sarasota, Florida—November 17, 2014—xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a developer of patented wireless communications and spectrum sharing technologies, has received an order from Airogistic, LLC (“Airogistic”), an Austin, TX-based OEM of UAV infrastructure solutions. The order covers the sale of xMax cognitive radio networking equipment that Airogistic will adapt for use in infrastructure destined for the commercial UAV (Unmanned Aerial Vehicle) market. As part of the agreement, xG will provide assistance to Airogistic in its ongoing research and development efforts in this market as it pertains to the integration of xG’s technology.
Airogistic is pioneering infrastructure for automated commercial UAV technologies. This includes launch and landing stands that can be used with a variety of UAV’s and improve their performance and safety in real-world applications, including public safety, air monitoring, package delivery, farming and others.
Airogistic approached xG with an offer to leverage the assured communications capabilities inherent in xMax. According to Jeff Michalski, Partner at Airogistic, the use of secure radios is a critical requirement in commercial UAV applications. “xMax will allow the facilitation and strengthening of command, control and data transmission in UAV applications,” he said. “This will help provide improved performance and range, and reduced risk and liability for operators.”
The UAV market is considered to hold extraordinary growth potential. According to a 2014 study by research firm Teal Group, the UAV market is expected to represent the most dynamic growth sector of the world aerospace industry over the next decade. They estimate that UAV spending will nearly double over the next decade from current worldwide expenditures of $6.4 billion annually to $11.5 billion, totaling almost $91 billion in the next ten years. Among the key markets expected to show the most promise for commercial UAV applications are homeland security, civil services, industrials/infrastructure, agriculture, scientific research and environmental.
John Coleman, CEO of xG Technology, said, “We are pleased to work with Airogistic in incorporating our advanced radio technologies into infrastructure for use in the market for commercial UAV applications. While this is not a market we initially intended to pursue, Airogistic’s interest in the reliability and resilience inherent in the xMax solution led them to approach us, and we look forward to exploring additional opportunities in this emerging market.”
Coleman continued, “Commercial use of these applications is growing in sectors where we already see strong interest in our solutions, including emergency management, law enforcement, and infrastructure monitoring. UAV communications systems need to be secure, reliable and programmable via software, and these capabilities are a foundational aspect of our cognitive software and hardware platforms. It demonstrates the broad need for the assured communications xMax can deliver across numerous industries and applications.”
About xG Technology
xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables robust mobile broadband communications for private, consumer and government networks. 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 networks deliver voice, video and data services to fixed and mobile users. The xMax cognitive radio system incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment. 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 60 U.S. and over 130 international patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. For more information, please visit www.xgtechnology.com.
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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.
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